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Jason Terry says he’s near re-signing with Rockets

Houston Rockets v Golden State Warriors - Game Five

OAKLAND, CA - MAY 27: Jason Terry #31 of the Houston Rockets takes a shot against the Golden State Warriors in Game Five of the Western Conference Finals of the 2015 NBA Playoffs on May 27, 2015 at Oracle Arena in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2015 NBAE (Photo by Noah Graham/NBAE via Getty Images)

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The Ty Lawson trade gave the Rockets one guard and sent out two – Nick Johnson and Pablo Prigioni, whom the Nuggets waived.

That means a familiar face likely returns to Houston – Jason Terry.

Marc Berman of Fox 26:

The Rockets hold Terry’s Bird Rights, so they can exceed the cap to re-sign him. It shouldn’t take much more than a minimum contract, though they have the flexibility to give him a little more.

Terry should probably pursue a one-year contract. That would allow him to jump to another contender next summer if Houston doesn’t present the best place to ring chase. It would also mean he must consent to being traded, because he’d be on a one-year contract with Bird Rights afterward.

Terry would provide nice depth for the Rockets. He can play either guard spot and would provide a scoring spark behind James Harden, Patrick Beverley and Lawson. Terry turns 38 before the season begins, but he started for Houston at point guard as it advanced to the Western Conference finals. He can still play, and the Rockets would be well served to bring him back.