Rockets to Re-Sign Von Wafer

HOUSTON - Free Agent guard Von Wafter told FOX 26 Sports Tuesday he will re-sign with the Houston Rockets.

Wafer, who played for the Rockets last season, had signed to play with the Greek team Olympiakos.

Wafter said he paid roughly $1.2 million to get out of that contract.

"This is great," Wafer said. "Oh my goodness, I'm so happy, I'm about to start crying."

Wafer said his buyout is a lot of money, but it's worth it.

"I want to play in the NBA," Wafer said. "I want to play for the Rockets. I love Houston, and I love their fans."

Wafer is flying to Houston Tuesday night from Memphis, where he acknowledged he almost signed with the Memphis Grizzlies.

The Rockets are adding Wafer to their roster because rookie forward Chase Budinger is out with a sprained ankle. But his deal with the team is pending successful completion of a physical.

Wafer will not be available to play for the Rockets Tuesday night when they play the Los Angeles Clippers.

During the 2008-09 season Wafer averaged 9.7 points a game for the Rockets and hit 39% of his 3-point attempts.