9:53 pm: Davison has signed a two-way contract, per NBA.com’s transaction log. It will be a one-year deal, since Davison is entering his fourth NBA season.
8:33 pm: JD Davison, who was waived by the Celtics on Thursday, has agreed to a contract with the Rockets, agent Corey Marcum of EZ Sports Group tells NBA insider Chris Haynes (Twitter link).
Houston doesn’t have enough room under its first-apron hard cap to offer a standard contract, so Davison could receive a non-guaranteed Exhibit 10 deal. As a three-year veteran, he is still eligible for a two-way contract, so he’ll have a chance to compete in training camp for one of the Rockets’ openings.
The 22-year-old combo guard got into a combined 36 games during his three seasons in Boston after being selected with the 53rd pick in the 2022 draft. He played on two-way contracts the entire time before being converted to a standard deal on the final day of last season.
The Celtics exercised their 2025/26 team option on Davison in late June, but his $2.27MM salary for next season was non-guaranteed. He wound up being a casualty of Boston’s cost-cutting mission in an effort to move below the second apron.
Davison earned G League MVP honors with the Maine Celtics last season. In 45 total games, he averaged 25.6 points, 7.7 assists, 5.1 rebounds and 1.4 steals in 34.6 minutes per night with .482/.332/.762 shooting numbers.