9:32pm: The trade is official, the Rockets have announced. The pick headed to the Sixers is the less favorable of Minnesota’s and Denver’s 2015 second-rounders.
3:23pm: The Sixers are trading K.J. McDaniels to the Rockets for Isaiah Canaan and a second-round pick, sources told Adrian Wojnarowski of Yahoo! Sports. It originally appeared as though Canaan was headed to the Knicks.
McDaniels is on a one-year contract for the rookie minimum, a product of an impasse in negotiations with the Sixers prior to the start of training camp. The 32nd overall pick in this past summer’s draft, he signed Philadelphia’s required tender, a non-guaranteed offer the Sixers had to extend to retain his draft rights, and he earned his place and then some on Philly’s roster, sticking past the leaguewide guarantee date to ensure he’d receive his full salary.
Canaan had an impressive training camp and averaged 24.4 minutes per game in November while starter Patrick Beverley missed time, but his playing time dried up quickly, and he’s played only a total of 37 minutes since New Year’s Day.