Patrick Beverley Re-Signs with Rockets: Latest Contract Details and Reaction

A wrist injury stripped Patrick Beverley of a chance to showcase his talents in the playoffs before hitting free agency. Fortunately, the Houston Rockets know how valuable he can be when healthy.

On July 9, the Rockets officially announced Beverley had re-signed with the team.  

The deal is for four-year and $25 million, per Adrian Wojnarowski of Yahoo Sports, avoiding the restricted free-agency process entirely. Houston had the right to match any offer put on the table for Beverley and planned to do so within reason. With the pact, the Rockets have cut out the middle man.

ESPN.com's Marc Stein noted that $18 million of Beverley's contract is guaranteed.

Alex Kennedy of Basketball Insiders provided Beverley's thoughts: "I'm excited I'll be back with the Rockets."

Jonathan Feigen of the Houston Chronicle added more from the 26-year-old guard: "I'm just so glad to be back. This is biggest contract of my life." Feigen also noted that Beverley was worried when Dallas was "throwing around big numbers."

Beverley, who turns 27 on July 12, drew interest from the Mavericks, Kings, Knicks and Cavaliers, per Feigen. New York was among the teams in position to offer the most cash after losing out on most major free agents.

Beverley averaged 10.1 points, 4.2 rebounds and 3.4 assists per game last season. He shot a career-low 38.3 percent from the field, though that undersells his effectiveness as a floor spacer. More than 60 percent of Beverley's attempts came from beyond the three-point line, and he shot a respectable 35.6 percent from distance.

With James Harden serving as Houston's de facto point guard, Beverley essentially played a spot-up 2 on offense while defending the opposing point guard on the other end. It's on defense where Beverley made his mark, emerging thanks to his elite lateral quickness and pit-bull mentality. 

Beverley allowed just 0.63 points per isolation possession on defense, per Synergy Sports stats provided to the NBA. That rate put him second behind Chris Paul among point guards and is all the more impressive given how often he was defending the opposing team's best wing player. He was also among the league's elite when defending ball-handlers overall.

Beverley's new deal is in no way onerous, but Houston generally has a rigid valuation of its nonsuperstars. The Rockets want to be players for a third star next to Dwight Howard and Harden, which makes every dollar count—even with the cap expected to balloon next summer. General manager Daryl Morey won't adjust his long-term planning for a player whom the Rockets made the conference finals without.

“This is the only team in the league—I am very loyal—only team in the league that really took a chance on me,” Beverley said in May, per Feigen. “At the end of the day, I understand it’s a business.”

Even so, Beverley is a young, tradeable asset whom the Rockets could package if a better point guard becomes available down the road. Getting this done now makes sense.

Follow Tyler Conway (@tylerconway22) on Twitter.