Jason Terry signed a one-year, $1.5 million deal to re-sign with the Rockets on Tuesday, the Times-Picayune's John Reid reports.

Terry signed a one-year, $1.5 million deal to re-sign with the Rockets on Tuesday, the Times-Picayune's John Reid reports.

Analysis:

Terry had an offer from the Pelicans, but the situation in Houston must have appealed to him more. Unfortunately, his fantasy value figures to slip as a result of the signing. Terry will now have to contend with Ty Lawson and Patrick Beverley for playing time at point guard and James Harden and Corey Brewer for minutes at the two.