Victor Oladipo turned down a two-year, $45.2 million contract extension from the Houston Rockets, sources told Adrian Wojnarowski of ESPN.

The amount was the most that the Rockets could currently offer Oladipo. The 28-year-old is currently in the final year of his four-year deal.

Oladipo is reportedly looking for a long-term deal, which the Rockets cannot offer until this offseason.

The Heat and the Knicks are among teams who have shown an interest in Oladipo in the past. 

Wojnarowski adds that the Rockets have yet to engage in trade talks involving Oladipo. 

With the NBA expanding its playoff format and a crowd of teams right around .500, there are only a limited number of teams that will look to sell pieces ahead of the trade deadline. 

"They're selling," said Tim MacMahon regarding the Houston Rockets. "They're definitely selling."

"The only teams that are truly selling are Houston, Cleveland and Oklahoma City," interjected Tim MacMahon. "Everybody else is ether not going either way, like probably a team like Detroit, or trying to make the playoffs."

The Cavaliers are aggressively shopping Andre Drummond, while the Rockets could make Victor Oladipo available. The Thunder, meanwhile, have traded away a number of their veterans over the past few months as they begin a full rebuild.

The Los Angeles Lakers are not expected to sign DeMarcus Cousins if he clears waivers after his release by the Houston Rockets.

Cousins signed with the Lakers before the 19-20 season but never appeared in a game with the team after tearing his ACL in the offseaon.

The Lakers, however, have identified Hassan Whiteside as a possible target.

The Houston Rockets plan on converting Kevin Porter Jr. into a point guard.

The Rockets are having Porter work on his development with the Rio Grande Valley Vipers in the G League bubble.

Porter is averaging 23.3 points, 4.6 rebounds and 6.1 assists per game on 44.1 percent shooting from the field while shooting 29.1 percent from 3 and 76.2 percent from the free throw line.

Porter's game has been compared to James Harden and the Rockets hope he can follow a similar career arc in more of a point guard role.

The Rockets also hope John Lucas can make a difference as a mentor for Porter.

The Houston Rockets have released DeMarcus Cousins.

The Rockets guaranteed Cousins' $2.3 million salary for the season last week.

Cousins will find another team to sign with when he clears waivers.

James Harden and Damian Lillard have been named the NBA's Players of the Week for Week 9.

Harden averaged 31.8 points, 10.8 assists and 9.0 rebounds as the Brooklyn Nets went 4-0.

Lillard averaged 36.3 points, 12.7 assists and 5.7 rebounds as the Portland Trail Blazers went 2-1.

The Milwaukee Bucks remain interested in trading for P.J. Tucker of the Houston Rockets, sources tell Kevin O'Connor of The Ringer.

Milwaukee's interest in Tucker dates back to at least November.

The Bucks are incredibly limited in what they can trade in terms of future draft picks, which complicates any potential for a trade.

Donte DiVincenzo is widely considered Milwaukee's most valuable tradable asset. 

The Houston Rockets are planning to part ways to DeMarcus Cousins in the "coming days," sources told Shams Charania of The Athletic.

The Rockets are looking to go smaller and younger in the front court once Christian Wood returns.

Cousins is averaging 9.4 points and 7.6 rebounds in 25 minutes.

Cousins' professionalism has received positive feedback during his time in Houston. 

The Houston Rockets have agreed to sign Justin Patton to a Two-Way contract.

Patton was the 16th overall pick in the 2017 draft out of Creighton. 

Patton has only played nine career games in the NBA due to a number of foot injuries. 

The Houston Rockets have guaranteed the contract of DeMarcus Cousins for the remainder of the season.

Cousins is on a $2.3 million non-guaranteed contract.

Teams have until February 27th to make decisions on non-guaranteed deals.