JULY 9TH, 8:12pm: The deal is official, the Rockets announced.
JULY 3RD, 6:14pm: The Rockets and restricted free agent Patrick Beverley have reached an agreement that will see the point guard return to Houston, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link). The deal is for four years and $23MM, Wojnarowski relays. The final year of the contract will pay Beverley $5MM, and is non-guaranteed, Mark Berman of FOX 26 tweets.
Beverley appeared in 56 games for the Rockets last season, 55 as a starter. His numbers on the year were 10.1 points, 4.2 rebounds, and 3.4 assists, with a slash line of .383/.356/.750. His career numbers since being selected with the 42nd overall pick in the 2009 NBA Draft are 8.9 PPG, 3.5 RPG, and 3.0 APG.
The 26-year-old was reported to be nearing a deal with the Kings by Alex Kennedy of Basketball Insiders earlier this evening. The Mavericks, Knicks, Bulls, and Cavaliers were also interested in signing Beverley.