In his 12th season as the Rockets' GM, Morey continues to uphold his reputation for roster creativity. Despite diminishing returns on offseason pick-ups, including Carmelo Anthony, Morey was able to attract valuable assets mid-season, including Austin Rivers and Kenneth Faried.
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The acquisitions were part of the reason Houston stayed afloat in playoff position after starting the season 11-14.
Houston (42-21) is the winner of nine straight games entering a mega-fight Wednesday with the defending champion Warriors.
Morey was in the midst of the final year of his existing deal with the Rockets.
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Over his tenure, Morey has been responsible for the 2012 trade that brought James Harden to Houston and the 2017 swap that put Chris Paul in a Rockets uniform.
Before coming to Houston in 2006 as former GM Carroll Dawson's assistant, Morey, 46, served in the Boston Celtics' front office.
WATCH: 5 defining moves of Rockets GM Daryl Morey's tenure
5 defining moves of Rockets GM Daryl Morey's tenure