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The trade will reunite Artest with Rick Adelman, who coached Sacramento when Artest was acquired by the Kings in a trade with Indiana during the 2005-06 season.
Artest played 40 games for Adelman and averaged 16.9 points, 5.2 rebounds and a career-high 4.2 assists. He was also named to the NBA All-Defensive first team.
Mark Stevens, Artest's agent, said the relationship Artest had with Adelman helped make the deal possible.
"Ron has a great relationship with Rick Adelman," Stevens told Houston television station KRIV. "He never wanted to leave Sacramento, but because of business he has to.
"Ron is grateful Adelman wants him to play for him again. It's a wish come true."
The Rockets went 55-27 last season, but failed to get past the first round for the fourth time in five seasons.
The Kings, meanwhile, would be thrilled to get their hands on Greene, a 6-foot-11 forward from Syracuse who impressed the club in pre-draft workouts. Greene was drafted by Memphis with the 28th overall pick and traded to Houston in a three-team deal on draft night.
Although Greene played just one college season, he proved to be a versatile scorer who could fit well into Sacramento coach Reggie Theus' uptempo game plans.
[Associated Press;
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