Reed signed a two-way contract with Philadelphia in late November. Playing for the Delaware Blue Coats, Reed was the only player to average at least 22 PPG and 11 RPG during the G League season as he racked up 15 double-doubles.
Drafted in the second round in 2020, Reed has seen action in eight games with Philadelphia.
Jones, a rookie from Arkansas, appeared in 26 games for the Rockets earlier this season on a two-way contract. He was waived earlier this month, then signed a 10-day deal with Houston but the Rockets didn’t retain him.
With the Rockets, he averaged 5.8 PPG, 2.0 RPG and 1.5 APG in 11.8 MPG.
Philadelphia had an open roster spot and didn’t need to make a cut to accommodate its moves.