Garrison Mathews has averaged 14.5 PPG and 3.8 RPG on .435/.378/.795 shooting in 33 MPG. Troy Taormina-USA TODAY Sports

The Rockets are waiving Danuel House, converting two-way player Garrison Mathews to a standard four-year, more than $8 million contract, and signing wing Trevelin Queen to a two-way deal, according to Adrian Wojnarowski and Tim MacMahon of ESPN (All Twitter links).

The Rockets had been looking for a way to create an opening on their 15-man roster in order to convert Mathews, and they’ve done so by waiving House. Bobby Marks of ESPN tweets that the Rockets will use a portion of their mid-level exception to convert Mathews to a standard contract.

The Rockets will be responsible for all of $3.9 million of House’s guaranteed contract this season, although he’s already earned approximately $1.4 million, so it’s really an additional $2.5 million, as Marks tweets.

House has been out of Houston’s rotation this season as it prioritizes younger players. In 16 games this season (14.6 MPG), he averaged 4.8 PPG and 2.7 RPG on .338/.294/.895 shooting. If he clears waivers, he’ll become an unrestricted free agent.

The Rockets claimed Mathews off waivers the day before the season started and converted his Exhibit 10 deal into a two-way contract. He’s certainly earned his promotion to a standard deal; in 11 games since entering the starting lineup, Mathews has averaged 14.5 PPG and 3.8 RPG on .435/.378/.795 shooting in 33 MPG. He’s attempting 8.2 three-pointers (3.1 makes) and 3.5 free throws during that stretch, a very nice shot profile for an analytically driven Houston team. The Rockets are 7-4 over those 11 games.

Queen, 24, has been playing with Houston’s G League affiliate, the Rio Grand Valley Vipers. In 10 games with the Vipers, he’s averaging 22.0 PPG, 6.2 RPG, 4.3 APG and 2.9 SPG.

More must-reads:

TODAY'S BEST
Why the Wizards made the right hiring with HC Brian Keefe
Oilers rally from early deficit to beat Stars, tie WCF
Another masterpiece by Paul Skenes caps remarkable calendar year for rookie phenom
Bengals HC Zac Taylor addresses holdouts from pair of star receivers
Scott Boras makes telling comments on future of Yankees' Juan Soto
Star Arizona guard makes huge decision on NBA Draft status
Iga Swiatek, Naomi Osaka have opposite reactions to crowd following epic French Open match
Kyrie Irving praises Karl-Anthony Towns for overcoming 'unfair criticism' in Game 4
Watch: Minnesota wins inaugural PWHL Walter Cup
Mets outfielder reveals details of team meeting following latest lopsided loss
Mavericks provide notable status update on star rookie ahead of Game 5
Watch: Benches clear after Giants buzz Bryce Harper
Wizards make decision on their new head coach
Veteran sportscaster gives valuable insight into Caitlin Clark's WNBA debut
Patriots QB Jacoby Brissett addresses 'elephant in the room'
AEW owner stays quiet on potential interest in top WWE star
Donovan Mitchell's influence on Cavaliers listed among 'most powerful' in the NBA
Clippers 'determined' to keep these two star free agents
AEW sustains another major injury blow after Double or Nothing
Celtics HC Joe Mazzulla offers update on Kristaps Porzingis ahead of NBA Finals