Ohlbrecht and the Rockets have agreed to a three-year contract that contains options for the final two seasons, tweets Jonathan Feigen of the Houston Chronicle.
Ohlbrecht has been a member of the Rockets' D-League affiliate in Rio Grande this season and has performed very well in 26.6 minutes per game.
The German-native, who stands at 6'11", was averaging 13.4 points and 7.4 rebounds per game over 32 games with the Valley Vipers.
He played well enough to earn himself a spot in the D-League All-Star game this season.
Ohlbrecht will likely fight Greg Smith for minutes at center behind Omer Asik, though Smith will have the upper-hand from the start. If Ohlbrecht is given an opportunity to produce (and takes advantage of it), he'll surely move up on the depth chart.
The Rockets have gone with a new rotation after the trade deadline, shifting Chandler Parsons to power forward and allowing Carlos Delfino to start at small forward.
There will likely still be some experimenting done by head coach Kevin McHale, so Ohlbrecht could very well find opportunities to play.
This move is low-risk for Houston, as Ohlbrecht could turn into a valuable piece. If he doesn't succeed, Houston can simply decline his option for 2013-14.
Good move, Mr. Morey.