Veteran guard Jason Terry and the Houston Rockets reportedly are likely to agree on a new contract once he becomes a free agent in July. Terry, 37, made it clear he has no plans to retire after the season.

Terry is 100 percent certain he will play again next season - likely for Houston, according to ESPN's Marc Stein.

"Initially dismissed as a Houston trade acquisition coveted by Rockets general manager Daryl Morey either as a future trade asset or as a swipe at the rival Dallas Mavericks, given Terry's long history alongside Mark Cuban, Terry quickly hushed such assumptions by emerging as one of the Rockets' strongest locker room voices," Stein wrote Tuesday. "And he has taken on a role in Houston's backcourt since the late March wrist injury that has knocked starter Patrick Beverley out of the postseason.

"The Rockets are thus expected to try to bring Terry back via free agency come July."

Terry averaged only 21 minutes per game during the regular season, but his playing time increased to 28 minutes per game during the postseason. While his numbers - 8.8 points and 2.2 assists per game in the playoffs - aren't staggering, he's logged productive minutes with Houston's second unit and he brings much-needed championship experience to the team.

He's in the final season of his three-year, $15.6 million deal. Houston has $54 million in guaranteed salaries on the books this summer and could likely re-sign Terry to a veteran's minimum deal.