Reaves, 23, signed a two-way contract with the Mavericks in 2019 shortly after going undrafted out of Penn State. The former Big Ten Defensive Player of the Year logged just 28 total minutes in four games with Dallas, but was a full-time starter for the Texas Legends in the G League, averaging 13.7 PPG, 5.0 RPG, and 2.0 SPG in 37 games (30.6 MPG).
It’s not uncommon for NBA teams to waive certain players right after signing them at this time of year — those transactions are generally completed with the G League in mind. If Reaves signed an Exhibit 10 contract, which seems likely, Houston will have his NBAGL rights and he’ll be in line for a bonus worth up to $50K if he plays for the Rio Grande Valley Vipers.
Of course, with the G League season still up in the air, it’s unclear whether or not the Vipers will even play this year, but the signing (and waiving) of Reaves suggests the Rockets’ affiliate hasn’t ruled out participating in the proposed NBAGL bubble.