JULY 25: The Rockets officially re-signed Williams, announcing by press release on their website.
JULY 20: Free agent forward Troy Williams is returning to the Rockets, his agency ASM Sports announced today (via Twitter). According to Adrian Wojnarowski of ESPN (Twitter link), Williams will get a three-year contract with a fully guaranteed first year and trigger dates for years two and three.
A 22-year-old forward out of Indiana, Williams landed with the Grizzlies last summer after going undrafted. Williams played 24 games for Memphis, starting 13 of them, before he was waived in January to make room on the roster for Toney Douglas. The Rockets picked up Williams and signed him to a rest-of-season contract, letting him become an unrestricted free agent this summer.
Although the Rockets didn’t tender Williams a qualifying offer to make him a restricted free agent, the team retains his Non-Bird rights, which allow for a three-year deal. Without those Non-Bird rights, the Rockets would have only been able to offer a two-year minimum salary contract, since the club has already used its full mid-level exception and bi-annual exception.