Cut come season are Smith, Henriquez, Williams and Young.
It's gonna make for a very competitive pre-season to fight for a coveted roster spot! Unless some of the vets completely crap out in pre-season, I'm afraid the youngsters like Henriquez, Young and Covington will likely not make the roster and still requiring someone like a Greg Smith to be traded or waived as well. With the signing of Camby and less minutes available for Asik, and the fact Greg Smith is simply too one-dimensional and a defensive liability, well, I just don't think things are going to be looking up for Greg Smith.
Covington could possibly beat out a Reggie Willisms or someone else who totally sucks in pre-season (or suffers a major injury during pre-season.
Players like Covington, Henriquez and Young could go play for the Rio Grande Vipers but it's my understanding that if they are not on the final Rockets 15-player roster that we no longer have dibs on them.
Lastly, Canaan will definitely make the team.