He had his best overall season in 1980-1981, when he was the second leading scorer on the Rockets team that reached the National Basketball Association Finals before losing to the Boston Celtics. After the Rockets traded reigning Most Valuable Player Moses Malone to the Philadelphia 76ers, however, Reid retired from basketball and moved to Miami, Florida. After a year away from basketball, he returned to Houston after they drafted Ralph Sampson with the first overall pick in the 1983 National Basketball Association Draft.
When he concluded his National Basketball Association career in 1991, Reid had tallied 10,448 career points, 4,168 career rebounds, and 2,500 career assists.
In recent years, Reid has hosted basketball clinics for young athletes in several countries, such as India.