http://www.sportingnews.com/nba/article/2009-08-11/rockets-sign-budinger-four-year-deal All done deal....
So... this thread has revealed the Andersen signing as well as the Budinger signing.... Maybe there is more...
If by "Cook" you mean "Cook plus $3M cash", and if by decent player you mean "future top-55 protected second rounder that extinguishes if not used in the first year", then yes, that's entirely possible.