Houston Rockets sign Chinanu Onuaku to 3-year, fully guaranteed deal

Chinanu Onuaku has signed a 3-year deal with the Houston Rockets that will pay him a guaranteed $1.7 million and give him an opportunity to develop in the process.

Here are the details from the Houston Chronicle:

The Rockets reached agreement with second-round pick Chinanu Onuaku on a three-year, fully guaranteed deal, using their remaining cap space to come to terms on the kind of contract they hope will provide time to develop the 19-year-old center.

With the deal with Onuaku completed, they could sign Nene to a one-year, $2.9 million contract using the salary cap exception as a team that had cap room. Had they signed Nene before Onuaku, they could have only signed their rookie center to a two-year deal.

...

The deal with Onuaku was designed to give him time to develop.

"It's a pretty good deal for the kid," Onuaku's representative Derrick Powell said. "He's 19-years-old. He has an upside that fits the contract.

"I think it was important for us because we wanted Houston to commit to his growth. They're very committed to him. They like him a lot. He's worked his buns off. He's very excited about his future with Houston."

Congrats to Nanu.