OCTOBER 4: The signing is official, the Rockets announced (via Twitter). Bullock’s contract is a one-year deal worth the veteran’s minimum, tweets Kelly Iko of The Athletic.
OCTOBER 3: Veteran swingman Reggie Bullock intends to sign with the Rockets, sources tell Shams Charania of The Athletic (Twitter link).
Bullock, who finalized a buyout agreement with the Spurs over the weekend, received interest from multiple clubs, according to Charania. He’ll join a Rockets team that had been seeking another rotation player to replace Kevin Porter Jr., who is not expected to play another game for Houston following his arrest last month.
Bullock, who was traded from the Mavericks to the Spurs as part of the three-team Grant Williams deal in July, spent the past two seasons with Dallas, serving as a part-time starter. His scoring average dipped to 7.2 points per game last season, his lowest mark since 2016/17. However, he still made 38.0% of his three-point attempts, which is right in line with his 38.4% career rate.
The Rockets have made an effort this offseason to bring in veteran talent in the hopes of moving up the standings following three consecutive seasons with no more than 22 wins. Bullock will join Fred VanVleet, Dillon Brooks, and Jeff Green among the team’s veteran newcomers.
Charania’s report says Bullock will sign with Houston after he clears waivers, but NBA.com’s official transaction log indicates that the 32-year-old was officially cut on Saturday, meaning he would’ve cleared waivers and become an unrestricted free agent on Monday. That means he should be free to complete his deal with the Rockets anytime.
While details of Bullock’s deal haven’t been reported, it seems likely to be a one-year, minimum-salary contract. Houston has an open spot on its 21-man preseason roster and won’t have to cut anyone to make room for Bullock.