The Houston Rockets will pick up the team option on guard Kostas Papanikolaou, according to ESPN's Marc Stein. The Rockets will pay Papanikolaou, who played in 43 games last season, $4.851 million for the 2015-16 season.

Last season, Papanikolaou averaged 4.2 points and 2.7 rebounds in 18.5 minutes per game. He suffered a bad ankle injury during a February practice that kept him out until the regular season finale against Utah. He did play in eight playoff games, getting a handful of minutes.

The Rockets like the potential of Papanikolaou, who was a 2012 second-round draft pick by the New York Knicks. Papanikolaou will play for the Greece national team this summer.