The Rockets will have the 38th pick of the draft, unless they don't.
Up to seven days before the draft, the Rockets can switch second-round picks with Miami, taking the 38th pick and sending the 53rd pick to the Heat as part of the Hakeem Olajuwon sign-and-trade deal with Toronto. The only reason to wait is to allow the Heat time to consider rewarding the Rockets for staying where they are.

But the pick is a touch better than it sounds. If the Rockets claim the 38th pick of the draft, the player they choose will be the 37th taken.

For what it's worth, the NBA will call the first pick in the second round the No. 30 pick overall. It is not. It is the No. 29 pick. Because Minnesota was stripped of its first-round choice after of its secret Joe Smith deal, the draft will jump from pick No. 28 (Sacramento) to No. 30 (Chicago).