SAN ANTONIO The Kings reached an agreement to buy out guard Aaron Brooks and waived him Friday.
The deadline to buy out Brooks so he would be eligible for the playoffs should he be picked up by a contender was midnight EST.
Yahoo! Sports reported Brooks would sign with the Houston Rockets. The Rockets drafted Brooks in the first round, 26th overall, in 2007 out of Oregon.
Brooks had long been coveted by the Kings, who signed him as a free agent last summer to a two-year deal worth $6.6 million.
Brooks began the season backing up Isaiah Thomas before taking over in the 10th game of the season but never became the stabilizing veteran the Kings expected after he spent last season in China.
Thomas eventually regained the starting job, and Brooks' playing time dwindled.
Jimmer Fredette began playing more than Brooks, and in Wednesday's win at Orlando, newly acquired Toney Douglas saw time ahead of Brooks.
Brooks averaged 8.0 points and 2.3 assists in 46 games (20 starts).
He became the second offseason pickup not to finish the season with the Kings.
First-round draft pick Thomas Robinson was dealt to the Rockets last week with Francisco Garcia and Tyler Honeycutt for Douglas, Patrick Patterson and Cole Aldrich.
Waiving Brooks still leaves the Kings with three point guards in a league where most teams use two in a game.
"One thing that Toney does that's different from those guys is he's a ball-pressure guy," Kings coach Keith Smart said. "In a situation in a game, he may be able to pressure the ball more than (Thomas and Fredette) do. There may be a game where an opponent has three smaller guys on the floor and you may be able to use all three of those guys."
Smart still must figure out how to use his guards best.
Douglas also can play shooting guard, where Tyreke Evans and Marcus Thornton receive most of the minutes.
"I'm not going to force that issue to make it happen because we still have a lot of perimeter players," Smart said.
Aldrich likely to dress Aldrich, a center, is expected to dress for Sunday's home game against Charlotte.
He did not join the Kings last Saturday with Patterson and Douglas after the trade and their physicals in Sacramento.
Aldrich stayed for further medical testing. He also is working on his conditioning.