The Houston Rockets waived 11-year veteran center Cody Zeller on Sunday and signed young shooting guard Nate Williams to a four-year, $8.2-million standard contract, ESPN's Shams Charania reported.

HOUSTON – The Houston Rockets today announced they have converted guard/forward Nate Williams to a standard NBA contract. Williams (6-5, 205) spent the past season and a half as a two-way player ...