This is a total bummer.
It turns out the Chuckwagon's prodigal son journey won't happen like we thought. Chuck Hayes and the Rockets have decided that the partially guaranteed contract they agreed to wouldn't turn out the way the Immoveable Object would hope, and Hayes is gone.
Chuck's agent told Jonathan Feigen at the Houston Chronicle that it came down to "cap stuff they were concerned with," and, reading between the lines, it seems like both sides realized that to sign second-round pick Montrezl Harrell to a deal that doesn't turn him into the next K.