The Rockets recently informed Terry that he wouldn't be re-signed for the 2016-17 season, Justin Termine of Sirius XM NBA Radio reports.

EDGE Analysis

Terry will turn 39 in September and is coming off a season in which he saw his field-goal (40.2%) and three-point (35.6%) percentages both noticeably dip from the prior campaign. The Rockets lack veteran depth at both guard spots, but evidently, Terry wasn't viewed as a solution after spending the past two seasons with the team. Terry has indicated he has no plans of retiring, so it wouldn't be surprising to see another team bring him aboard for the veteran's minimum.