Hood, limited to 21 games in 2019-2020 because of a season-ending Achilles injury, still could sign a new deal with the Blazers but it would likely be as backup given that the team is reportedly finalizing a deal to acquire small forward Robert Covington from Houston.
The Blazers are sending Houston the 16th pick in Wednesday's National Basketball Association draft and another future first-round pick, sources said.
Covington was part of the four-team, 12-player deal that brought Clint Capela to the Atlanta Hawks in February. He hails from Minnesota, one of the NBA's most comprehensive businesses for almost 20 years, which saw Timber Valves buy two first-round picks, including Houston's 2020 pick, who went to Denver Nuggets for protection.
The injury cut short a promising season in which Hood was averaging 11 points per game and shooting almost 50% from 3 in 21 games for the Blazers.
So could trading a valuable role player like Robert Covington with two years and $25 million left for an old role player and a draft pick be a good signal for the Rockets? In his time with the Rockets, "Roco" averaged 11.6 points, 8 rebounds and 2.2 blocks per game.