Rockets sign former No. 5 overall pick Dante Exum, waive Tyler Bey

The Rockets have officially re-signed guard Dante Exum and waived Tyler Bey to create a roster space for him, according to the NBA’s transactions log. Hoops Rumors’ JD Shaw was the first to report the Bey transaction.

With John Wall not expected to play for the team this season as it seeks to trade him, the Rockets were in the market for another point guard. The Rockets’ interest in Exum surfaced on Tuesday.

Exum’s career has been marred by major injuries since he was selected with the No. 5 overall pick by the Jazz in 2014. He was dealt to Cleveland in December 2019.

Exum ended up with the Rockets this past winter as part of the four-team James Harden trade, but injuries kept him on the bench for the entirety of his 2020-21 Houston tenure. He appeared in just six games for Cleveland last season.

Exum played a prominent role on Australia’s bronze-medal-winning squad at the Tokyo Olympics, averaging 9.0 points and 2.8 assists.

Bey, a 6-foot-7 forward, signed an Exhibit 10 contract with Houston on Aug. 25.

He was a high second-round selection in 2020 out of Colorado, taken with the 36th pick by the Sixers. He was included in the deal that sent Josh Richardson to the Mavericks for Seth Curry. Bey played in only 18 games with the Mavs, and he averaged just 3.9 minutes a game in those 18 contests,  recording 15.1 points and 9.2 rebounds in the G League.