Houston, Texas—March 17, 2019—The Houston Rockets have acquired forward Frank Durant from the Indiana Pacers in exchange for a first-round pick, league sources confirmed to New York.
Sources close to the situation confirmed to Sports Illustrated that the Rockets have traded for Durant, who has been a frequent visitor to the Rockets’ training facility since signing his first deal with the team.
Durant, whose father, Grant, played for the Houston Rockets from 1997 to 2017, will have the option of choosing between returning to Indiana or Indiana, which will have a first round pick if it selects Indiana over Houston in the 2019 NBA draft.
The Rockets acquired Durant with a second-round draft pick in 2018, which was used to select forward Mike Scott from Indiana.
He is the second player to sign a contract with the Rockets this offseason.
The team had been searching for a wing player since Kevin Durant chose to play for the Golden State Warriors instead of joining the Houston Cavaliers.
The Rockets also acquired center Jordan Hill from the Golden States in a trade for point guard and swingman Ben Simmons.
Houston signed Durant to a five-year, $80 million contract extension in June of 2017 that includes a player option for the 2019-20 season.
After the 2016-17 season, Durant played in only 46 games due to a variety of injuries.
The 25-year-old averaged 10.8 points and 4.2 rebounds in the season.
Durant’s new contract comes as the NBA’s salary cap continues to rise.
Teams in the NBA and international basketball leagues will now pay players in the range of $6.5 million to $7.5 billion per season, league insiders told SI.
Durant’s new deal will allow him to keep playing while earning a raise to a starting salary of $12.6 million.