Johnson reaches buyout, to sign with Rockets

Joe Johnson is has officially signed with the Rockets after being waived by the Kings.

Veteran swingman Joe Johnson has completed a contract buyout with the Sacramento Kings and will sign with the Houston Rockets, according to a report from ESPN.

Johnson, 36, was part of a three-team trade on Thursday involving the Kings, Utah Jazz (his former team), and Cleveland Cavaliers.

While Johnson played a minimal role with the Jazz this season, the Rockets view him as someone that can help fill in off the bench. Some of best seasons came with current-Rockets coach Mike D’Antoni while with the Phoenix Suns from 2001-05.

The Rockets are also expected to sign big man Brandan Wright after Wright completes a contract buyout with the Memphis Grizzlies.

As part of the Johnson trade, the Jazz received Jae Crowder and Derrick Rose from the Cavaliers, and the Kings received Iman Shumpert, also from the Cavs. Jazz wing Rodney Hood was sent to Cleveland.

Johnson will sign with the Rockets for the league minimum, according to reports.