9:50pm: Spalding’s deal is official, as is Thomas’ release, according to an announcement from the team.
3:03pm: The Rockets will waive Thomas to make room for Spalding, Jonathan Feigen of The Houston Chronicle confirms.
2:30pm: The Rockets are signing free agent power forward Ray Spalding to a two-way contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).
Spalding, the 56th overall pick in the 2018 draft, spent time with the Mavericks and Suns as a rookie in 2018/19, then joined the Hawks for training camp in 2019 before being waived and claimed by Houston. After being cut again, he later signed a two-way contract with the Hornets.
Between stints with NBA teams, the 23-year-old has played for the Rio Grande Valley Vipers, Houston’s G League affiliate. He was off to a strong start in the NBAGL bubble this week, averaging 18.5 PPG and 13.0 RPG in his first two games (27.5 MPG).
The Rockets are currently carrying Mason Jones and Brodric Thomas on two-way deals, so one of those players will have to be cut in order to make room for Spalding. Jones has been a more regular part of Houston’s rotation so far this season, appearing in 15 games, so Thomas – who has played in just four games – may be the odd man out.
The full list of players on two-way contracts can be found right here.