Hayes has decided not to sign with the Rockets after originally coming to an agreement with the team in July, the Houston Chronicle reports.

EDGE Analysis

The acquisition of Ty Lawson lead to the Rockets being unable to make the cap figures work well enough to meet Hayes' contract requirements. They asked him to join the coaching staff, but the 32-year-old Hayes still wants to play at this point in his career and is looking for a team that wants him on the regular-season roster.