I think he's more valuable in the offseason than he was at the deadline, mainly because he's going to get a raise and that larger contract opens up a larger pool of players for the Rockets to target in return. At the deadline you couldn't have gotten one of the many guards that moved around in exchange for him (accept Alvarado) because his contract was too small. If a team is willing to give him NT-MLE money maybe you get a rotation player in return instead of just a rental that really does nothing but get in the way of Reed.