WEDNESDAY, 10:30am: The Rockets have officially signed Anderson and waived Cook, the team announced today in a press release.
SUNDAY, 4:44pm: Jonathan Feigen of the Houston Chronicle tweets that Anderson's deal with the Rockets will be for three years, the third of which will be a team option. Daequan Cook is expected to be waived in order to clear a roster spot for Anderson.
The timing of the signing is interesting, given the news earlier today that Royce White is refusing an assignment to the D-League on account of his anxiety disorder. The Rockets have previously shown no indication that they are considering waiving White, who has yet to play for the Rockets. The team has 15 players under contract, so waiving a player is necessary to sign him. Of these players, Scott Machado and Greg Smith have nonguaranteed deals, but Smith has been solid in major minutes and the Rockets have shown every indication of wanting to keep Machado. It would seem that White would be next in line to get cut, but the Rockets have yet to make an official announcement on the matter.
In 10 games with the Spurs this season, Anderson averaged 3.4 PPG and 1.4 RPG in 9.4 MPG.