Exum was waived by the Rockets during training camp. Exum signed a three-year deal with Houston in September that had a base value of $8.1MM and included another $8MM+ in likely and unlikely incentives. But the contract was non-guaranteed and the Rockets had 15 other players with guaranteed deals.
Exum, the fifth overall pick in the 2014 draft, finished last season with Houston after being acquired in the four-team James Harden trade, but he didn’t play any games for the franchise. He appeared in six games for Cleveland last season, when he had an expiring $9.6MM contract, before being sidelined with a calf injury.
Exum played a prominent role on Australia’s bronze medal-winning squad at the Tokyo Olympics, averaging 9.0 PPG and 2.8 APG.
Still just 26 years old, Exum has seen his NBA career sidetracked by injuries. He’s appeared in 245 career games, averaging 5.6 PPG and 2.1 APG in 18.6 MPG.