Corey Brewer Re-Signs with Rockets: Latest Contract Details and Reaction

Corey Brewer won't be going anywhere, after all. The 29-year-old small forward has agreed to re-sign with the Houston Rockets for three years and $24 million, per Yahoo Sports' Adrian Wojnarowski. CBS Sports' Ken Berger added that it's a straight three-year deal with no player or team options.

Brewer played 56 games for the Rockets last year after moving to Houston in a December trade. He averaged 11.9 points a game on 42.9 percent shooting for the Southwest Division champions.

According to NBA.com, Houston had a 5.5 net rating when Brewer was on the floor, compared to a 1.4 net rating when he was off it. His 17 points per 36 minutes were also fourth on the team, per Basketball-Reference.com.

In what is a growing trend this offseason, ESPN.com's Marc Stein reported the Sacramento Kings threw more money at Brewer than the Rockets but still lost out on the player. Stein also noted further detail: "Sources say Kings/Brewer talks actually broke off BEFORE serious offer stage. Brewer then re-engaged w/Rockets, where he wanted to be along."

Meanwhile, Houston locked up one of its key bench options from last year. Brewer will continue to add depth to a roster that remains a bit top-heavy with James Harden and Dwight Howard. Jonathan Feigen of the Houston Chronicle is glad to see the team retaining its personnel:

Brewer is also excited about returning to Houston, per Feigen:

Sheridan Hoops' Ben DuBose assumes this move will preclude the Rockets from landing one of the most coveted free agents still on the market, however:

On one hand, re-signing Brewer doesn't necessarily address the Rockets' biggest questions about their status as NBA title contenders. Houston could still have trouble navigating the loaded Western Conference come playoff time.

On the other hand, losing Brewer would've unquestionably made the Rockets a slightly worse team and left them in need of a wing to come off the bench.

Plus, $8 million a year will be a fairly reasonable amount to pay Brewer once the salary cap rises next summer.