5:55pm: Both moves are official, according to a team press release.
Lamb, 23, was playing for the Rockets’ G League affiliate, the Rio Grande Valley Vipers. He was with the Pistons this December on a training camp invitation but was waived. He averaged 11.2 PPG, 5.6 RPG and 2.1 APG in 12 games at the G League bubble in Orlando.
The 6’6” Lamb was a four-year starter at Vermont and the two-time America East Conference Player of the Year. He averaged 16.7 PPG, 7.1 RPG, 2.5 APG and 1.2 BPG as a senior.
Jones, who was on a two-way deal, averaged 5.5 RPG, 2.1 RPG and 1.3 APG in 22 appearances with the Rockets. Jones declared for the draft after his sophomore year with Arkansas but wasn’t selected. He led the SEC in scoring last year with 22.0 PPG.