Smith was waived by the Pistons via the stretch provision in December and signed by the Rockets. He averaged 12.0 points, 1.1 three-pointers, 6.0 rebounds, 2.6 assists, 1.2 blocks, and 0.9 steals in 26 minutes per game through 55 games with the Rockets in 2014-15. Playing in 83 regular season games due to being waived by Detroit, the 29-year-old, who will be an unrestricted free agent this offseason, finished his 11th NBA season in more of a sixth-man role. Smith started all 28 games with the Pistons this season, while only starting in seven of the 55 games he played for the Rockets. While his numbers dropped in Houston, Smith (44% FG, 33% 3Pt, 52% FT) managed to become a more efficient player, raising his field-goal percentage, free-throw percentage, and three-point percentage. Although he played six less minutes per game in Houston, Smith's level of play raised in the Western Conference playoffs. He became a key cog in the Rockets' run to the Western Conference finals. It is unclear whether or not Smith will be looking for a starting job or a situation of best fit in free agency.