Houston Rockets General Manager Daryl Morey announced today that the team has signed Arizona forward Chase Budinger to a multi-year contract. He was a first round pick so a contract was guaranteed.

Budinger, who was selected by Detroit in the second round (44th overall) of the 2009 NBA Draft, had his draft rights acquired by the Rockets from the Pistons in exchange for a future second-round pick and cash considerations on June 25, 2009.

Budinger (6-7, 218, Arizona) recently led the Rockets in scoring during an undefeated (5-0) run at the 2009 NBA Summer League presented by EA SPORTS, averaging 17.8 points (.681, 32-47 FG; .727, 8-11 3FG; .944, 17-18 FT) in five games (two starts). An early entry candidate for the 2009 NBA Draft, Budinger averaged 17.0 points and 5.8 rebounds in three seasons with Arizona. He finished ranked 11th on Arizona’s career scoring list with 1,697 career points, which stands as the highest point total in three seasons or less by a UA player.

A First-Team All-Pac-10 selection as a junior, Budinger also earned All-America Honorable Mention for a second straight year from The Associated Press after averaging 18.0 points, 6.2 rebounds and 3.4 assists in 35 appearances. Budinger added All-District IX selection by the USBWA and Second-Team All-District 20 honors from the NABC in 2008-09. He finished in double figures 31 times, including 16 20-point games. As a sophomore, Budinger was named Third-Team All-Pac-10 and Second-Team All-District 15 by the NABC. Budinger was also selected as the 2007 Pac-10 Freshman of the Year, as well as MVP of the 2006 Nike Junior World Championships held in Douai, France as a member of Team USA.