According to ESPN's Zach Lowe (h/t Hoops Hype), the Rockets have "kicked the tires" on a potential Smith trade.
After losing LeBron James to the Los Angeles Lakers in free agency, the Cavaliers have the makings of a team in transition.
While rookie guard Collin Sexton will be a key piece for Cleveland in 2018-19, the team still has a veteran-laden roster with the likes of Smith, Kevin Love, Kyle Korver, George Hill and others.
If the Cavs keep the same roster entering the season, it is difficult to envision them being anything more than a fringe playoff contender in the Eastern Conference. Because of that, there is logic in moving the 32-year-old Smith.
Per Spotrac, Smith will make $14.72 million next season, and his $15.68 million salary for 2019-20 is only partially guaranteed.
Smith's 2017-18 season will be remembered for the mental blunder he made in Game 1 of the NBA Finals against the Golden State Warriors, though his numbers otherwise weren't atrocious. In 80 regular-season games (61 starts), he averaged 8.3 points, 2.9 rebounds and 1.8 assists per contest. He shot 40.3 percent from the field and 37.5 percent from three-point range.
Among active players, Smith is eighth in career three-point field goals made with 1,917, which would make him an ideal fit for the volume-shooting Rockets.
While it's fair to question Smith's big-game awareness after last season, he is a one-time NBA champion and one-time Sixth Man of the Year who would strengthen Houston's bench.
Trevor Ariza and Luc Mbah a Moute are losses defensively via free agency, but Smith can knock down open shots when in rhythm, and there is no doubt Harden and Chris Paul would create plenty of clean looks.