Rockets Rumors: Derrick Favors to Be Waived Ahead of Regular Season

Paul KasabianFeatured Columnist IIOctober 14, 2022

Oklahoma City Thunder's Derrick Favors looks on during the first half of an NBA basketball game against the Philadelphia 76ers, Friday, Feb. 11, 2022, in Philadelphia. The 76ers won 100-87. (AP Photo/Chris Szagola)
AP Photo/Chris Szagola

The Houston Rockets plan to waive forward Derrick Favors, per Shams Charania of Stadium and The Athletic, who noted that the team needed to make a move to get down to 15 guaranteed roster spots.

Favors, 31, has played in the NBA for 12 seasons. He averaged 5.3 points and 4.7 rebounds in 16.7 minutes per game for the Oklahoma City Thunder last year. For his career, the ex-Georgia Tech star has posted 10.6 points and 7.1 boards a game.

OKC traded Favors to the Rockets as part of an eight-player deal in late September, per ESPN's Adrian Wojnarowski.

Adrian Wojnarowski @wojespn

ESPN Sources: The Oklahoma City Thunder are trading Derrick Favors, Ty Jerome, Moe Harkless, Theo Maledon and a 2025 second-round pick via Atlanta to the Houston Rockets for David Nwaba, Sterling Brown, Trey Burke and Marquese Chriss.

"Cap-centric deal for both teams: Thunder gain two trade exceptions and drop about $10M under luxury tax," Wojnarowski added.

"Rockets get a second-round pick for taking on $1M in salary. Favors will have value as a backup center, or elsewhere on a trade in marketplace too."

Favors will now be available after the Rockets' reported plans. As far as the Rockets' cap situation goes post-move, Yossi Gozlan of HoopsHype provided a look.

Yossi Gozlan @YossiGozlan

The Rockets will have $62.2M in dead money after waiving Derrick Favors. Just $11.4M less than their active salaries combined.<br><br>For as long as I’ve been following the cap (not very long) this is the most dead money a team has accrued. The 2018-19 Knicks previously had $60.5M. <a href="https://t.co/N7X1oX8o85">https://t.co/N7X1oX8o85</a>

Favors had a guaranteed base salary of $10,183,300 for the 2022-23 season, per Spotrac. He exercised his player option for the 2022-23 season last May.