On February 14, 1995, with the Blazers out of serious contention for a championship, Portland honored Drexler's request to be traded to a contender and sent the Blazer great back home to the Houston Rockets, along with Tracy Murray in exchange for Otis Thorpe, the draft rights of Marcelo Nicola, and a 1995 first round draft pick in mid-season, right before the trade deadline.
Despite finishing the regular season with a record of 47–35, which placed the Rockets 6th out of 8 playoff teams in the Western Conference, Drexler and long-time friend Hakeem Olajuwon helped propel them to an improbable second consecutive championship in 1995, sweeping the Orlando Magic.
In his third and final NBA Finals appearance, Drexler averaged 21.5 points, 9.5 rebounds and 6.8 assists per game.

During the 1995 NBA playoffs, Drexler was ejected during a game between the Rockets and the Phoenix Suns by referee Jake O'Donnell, which allegedly stemmed from a personal feud between the two at the time.
This would turn out to be the last NBA game O'Donnell would referee, as he was not assigned any further games in the playoffs that year, and eventually retired a few months later.
In 1996, on ESPN's NBA Today, O'Donnell commented, "I wouldn't give Clyde Drexler much leeway because of the way he reacted with me all the time.
I thought at times he would give cheap shots to people, and I just would not allow it."

On February 13, 2009, Drexler participated in the NBA All-Star Weekend's Celebrity Game.
On February 14, 1995, with the Blazers out of serious contention for a championship, Portland honored Drexler's request to be traded to a contender and sent the Blazer great back home to the Houston Rockets, along with Tracy Murray in exchange for Otis Thorpe, the draft rights of Marcelo Nicola, and a 1995 first round draft pick in mid-season, right before the trade deadline. Despite finishing the regular season with a record of 47–35, which placed the Rockets 6th out of 8 playoff teams in the Western Conference, Drexler and long-time friend Hakeem Olajuwon helped propel them to an improbable second consecutive championship in 1995, sweeping the Orlando Magic. In his third and final NBA Finals appearance, Drexler averaged 21.5 points, 9.5 rebounds and 6.8 assists per game.
During the 1995 NBA playoffs, Drexler was ejected during a game between the Rockets and the Phoenix Suns by referee Jake O'Donnell, which allegedly stemmed from a personal feud between the two at the time. This would turn out to be the last NBA game O'Donnell would referee, as he was not assigned any further games in the playoffs that year, and eventually retired a few months later. In 1996, on ESPN's NBA Today, O'Donnell commented, "I wouldn't give Clyde Drexler much leeway because of the way he reacted with me all the time. I thought at times he would give cheap shots to people, and I just would not allow it."
On February 13, 2009, Drexler participated in the NBA All-Star Weekend's Celebrity Game.
Clyde Drexler