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Ponds had his contract with the Rockets converted into a two-way deal on Wednesday, Adrian Wojnarowski of ESPN reports.
Ponds was previously on an Exhibit 10 deal, and the decision to convert his contract to a two-way signals that the Rockets would like him to spend the majority of this season in the G League. Ponds was one of the nation's most prolific scorers during his junior season at St. John's, averaging 19.7 points per game while shooting 35.3 percent from three-point land.
