12:08pm: The Rockets have officially waived Williams, the team announced in a press release.
11:51am: With today’s roster deadline looming, the Rockets will release Reggie Williams, according to RealGM.com. Williams, who appeared to be the odd man out after not playing in the team’s final preseason tune-up, thanked Houston for the opportunity earlier today (via Twitter).
While the Rockets have yet to officially announce the release of Williams or Marcus Camby, finalizing those cuts will reduce the club’s roster to 15 players, making it regular-season-ready. Houston will have to eat a little money in the process, since Williams’ minimum salary deal was 50% guaranteed, while Camby’s minimum salary pact was fully guaranteed.
By waiving Williams and Camby, Houston ensures that non-guaranteed players Patrick Beverley and Greg Smith have spots on the roster. Ronnie Brewer, who has a partial guarantee, also seems to have earned as spot, along with undrafted rookie Robert Covington.
Williams, who played for the Bobcats in 2012/13, will become a free agent later this week, assuming he clears waivers. At that point, the 27-year-old’s career .371 3PT% could interest some teams in need of outside shooting.