Rockets Transactions: Jared Jeffries Officially Bought Out

The Rockets and forward Jared Jeffries officially completed the buyout process today, per the New York Post’s Marc Berman. Jeffries will become a free agent after he clears waivers. Terms of the buyout were not immediately available.

It seems to be a foregone conclusion that the 6’11 forward will sign with the New York Knicks, possibly as soon as Sunday, Berman notes. The Sporting News is reporting that the Miami Heat, New Orleans Hornets, and Oklahoma City Thunder are also interested in signing Jeffries. He likely would play out the season on another one-year deal and become a free agent after the year.

The Rockets will gain a roster spot with the release of Jeffries, but it is currently unknown who they plan to target to replace him. NBA teams are allowed to carry 15 players on their roster, with three of them inactive for game day.

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