The Rockets have officially re-signed guard Dante Exum and waived Tyler Bey to create a roster space for him, according to the NBA’s transactions log. Hoops Rumors’ JD Shaw was the first to report the Bey transaction (Twitter link).
The deal is expected to be for three years and could be worth up to $15MM, but it will be non-guaranteed and will be heavy on incentives, per ESPN’s Tim MacMahon (Twitter link). We’ll have to wait for more details on the agreement to get a sense of how much Exum will realistically earn if he makes the regular season roster.
Exum’s career has been marred by major injuries since he was selected with the No. 5 overall pick by the Jazz in 2014. He was dealt to Cleveland in December 2019.
Exum ended up with the Rockets this past winter as part of the four-team James Harden trade, though injuries kept him on the bench for the entirety of his 2020/21 Houston tenure. He appeared in just six games for Cleveland last season.
Exum played a prominent role on Australia’s bronze medal-winning squad at the Tokyo Olympics, averaging 9.0 PPG and 2.8 APG.
Bey, a 6’7” forward, signed an Exhibit 10 contract with Houston on Aug. 25.
He was a high second-round selection in 2020 out of Colorado, taken with the 36th pick by the Sixers. He was included in the deal that sent Josh Richardson to the Mavericks for Seth Curry. Bey only played 18 games with the Mavs, and averaged just 3.9 minutes a game in those 18 contests, though he recorded 15.1 PPG and 9.2 RPG in the G League.