Alex Kennedy of Hoops World has an update – if you want to call it that:
The Houston Rockets rescinded their qualifying offer to Lee last week, but the shooting guard may still return to the Rockets. The two sides have been in contact and Houston is interested in re-signing Lee once the dust settles. Right now, the Rockets’ top priority is finding a way to acquire Dwight Howard and signing Jeremy Lin and Omer Asik to offer sheets. After those situations work themselves out, the team will try to re-sign Lee. Howard and Lee have remained close since their stint together with the Orlando Magic so the likelihood of Lee re-signing may increase if Houston trades for Howard.
With that said, the Rockets have some competition for Lee. The Minnesota Timberwolves and Phoenix Suns are interested in signing Lee outright while the Boston Celtics and Los Angeles Lakers have explored potential sign-and-trade scenarios for the shooting guard. Lee is enjoying the free agency process and isn’t in any rush to make a decision. He’ll continue to weigh his options and see how things play out.
Once we get past the offer sheet deadline (Tuesday?) we should start to see some movement. Or at the least, the rumors and speculation will heat up.
One thing to keep in mind, Lee is only 26. It’s highly unlikely he’s going to pass up more money for a shot at a championship.
There’s also nothing new on the Jason Terry sign-and-trade. This ESPN Dallas report reiterates what we already know – a third team is necessary.
As for Marc Spears’ frightening tweet that the Celtics have interest in Darko Milicic, we are THRILLED to announce the lack of developments there.