According to multiple sources, free-agent guard Jason Terry is in talks with the New Orleans Pelicans about a contract.

Terry also has a contract offer from the Houston Rockets, but it appears that deal isn't as strong as the Pelicans' offer.

The Rockets value Terry as a veteran who can play both guard positions, yet have reportedly offered a minimum-salary of $1.4 million.

Terry, a 16-year veteran, played in 77 games for the Rockets last season and became the starting point guard in the postseason when the team lost Patrick Beverley to season-ending wrist surgery.

With the Rockets trading for point guard Ty Lawson, signing shooting guard Marcus Thornton and re-signing Beverley, it limited what the team could offer Terry financially.