Hairston was waived Saturday by the Rockets, Eddie Sefko of The Dallas Morning News reports.
Hairston signed a training camp contract with the Rockets on Thursday, Adrian Wojnarowski of Yahoo! Sports reports.
Hairston had six points (2-7 FG, 2-5 3Pt) and three rebounds in 24 minutes during the Grizzlies' 110-84 loss to the Clippers on Tuesday.
Hairston (groin) returned to practice on Thursday and will be available to play Friday against the Mavericks, Ronald Tillery of the Commercial Appeal reports.
Hairston (groin) is nearing a return but will be held out Tuesday against the Bulls, Ronald Tillery of the Memphis Commercial Appeal reports.
Coach Dave Joerger said Monday that Hairston (groin) is expected to play again this season, Ronald Tillery of The Commercial Appeal reports.
Hairston (groin) remains without a return timetable.
Hairston (groin) is expected to miss two weeks, Ronald Tillery of the Memphis Commercial Appeal reports.
Hairston (groin) is questionable for Wednesday's game against the Timberwolves, Timberwolves' play-by-play announcer Alan Horton reports.
Hairston returned to the bench and provided three points (1-8 FG, 0-4 3Pt), three rebounds, and a steal over 25 minutes in Wednesday's 116-96 loss to the Celtics.