The Rockets have waived guard Dante Exum, the team announced in a release.
Exum, 26, is 6-foot-6 and has appeared in just 30 games over the previous two seasons combined. That includes just six games last year.
He did play for Australia in the Summer Olympics, so it appears his release is not injury-related.
Exum carries career averages of 5.7 points, 2.1 assists and 1.8 rebounds after being gthe No. 5 overall pick in 2014. He averaged 9.0 points in Australia’s run to the bronze medal.
“The fact that Exum’s deal was fully non-guaranteed made it a fairly straightforward decision to release him in advance of the regular season, since the Rockets have 15 other players with guaranteed salaries,” wrote Luke Adams of the Hoops Rumors. “The team also has both its two-way contract slots filled.”