The Houston Rockets have converted the training camp deals of rookies Shamorie Ponds and William McDowell-White into two-way deals according to Woj:
Sources: Charlotte is signing Virginia Tech guard Ahmed Hill to a two-way contract. Elsewhere, Houston has converted training camp deals for rookie guards Shamarie Ponds and William McDowell-White into two-way deals.— Adrian Wojnarowski (@wojespn) September 4, 2019
The deal was primarily financial in nature, and here’s a pretty good explanation of the reasons by ESPN’s Bobby Marks:
Houston eliminated $1.8M in financial exposure when they converted the Shamorie Ponds and William McDowell-White contract into a Two-Way.