JULY 16TH, 9:23am: The Rockets have made the Casspi signing official, according to Jonathan Feigen of the Houston Chronicle (via Twitter). As Feigen originally reported, it's a minimum-salary pact.
JULY 6TH, 2:58pm: Wojnarowski pegs the value of the deal at $2.6MM, which would make it more than a minimum-salary arrangement. It makes more sense that Casspi would come at the minimum, rather than at a deal that eats into the team's $2.65MM room exception, but we'll see how it shakes out when the deal becomes official after the July moratorium. Wojnarowski also notes that the Rockets became more intrigued with Casspi and his shooting touch after their agreement with Howard.
2:45pm: Casspi's deal is for the veteran's minimum, and the second year is a team option, Feigen tweets. That means a salary of $947,907 this year and $1,063,384 in 2014/15.
2:27pm: Omri Casspi and the Rockets have agreed on a two-year deal, tweets Adrian Wojnarowski of Yahoo! Sports. Houston had been pursuing the 25-year-old former first-round pick since the trade deadline, as Jonathan Feigen of the Houston Chronicle notes (on Twitter). Casspi became an unrestricted free agent when the Cavs declined to offer him a qualifying offer this summer, following a season when it appeared he'd fallen out of favor in Cleveland.
A report during the season indicated the Creative Artists Agency client would head back to his native Israel to play, but it sounds like there was enough NBA interest to keep Casspi stateside. His numbers have been in freefall since his rookie year with Sacramento, when he notched 10.3 points and 4.5 rebounds per contest. His 4.0 PPG and 2.7 RPG in limited minutes this year were far cries from his earlier production, and his three-point shooting, a strong suit when he was a King, deserted him in Cleveland. Presumably, the Rockets are looking for him to regain his stroke to give James Harden and Dwight Howard more room to score in the paint.
The Rockets appeared to be close to landing Casspi around the March 1st buyout deadline, but their agreement with Aaron Brooks scuttled that idea. Now, Brooks is gone and Delfino is headed to Houston.