Seen him play in Utah and Cleveland. He's what he is. A low efficiency ISO/pick & roll scorer with weak defense, low ball IQ and a very very mediocre graps of the concept of a team game. Also, overrates himsself a lot.
Granted, he's had a few good games in the years he's been in the league. Every now and then.
The only thing I like is that he's an expiring contract and at ~3.5M he doesn't cost much. Very low risk move. Role playing guys I'd very much prefer to get on the team all make way more. Bazemore, Courtney Lee (if he can find his 2015 self), or even a SJ or Prince (which would have cost us more than 2 2nds/Wade/Nik).
Also, I'm assuming a CJ for Love swap isn't a option. That probably would've meant the Hood deal would've been included in a bigger trade. I think getting Love would give us a way better chance to make a postseason run than our current position provides. Maybe the injury scares our front office away, which is something I could understand.
Something I'd like to add:
Rodney Hood is 6-8. He's playing like an undersized SG. To put things in perspective, here's how he ranks among guards (out of 122 qualifying players (minimum 20 mpg)):
PER 13.2 (64th)
TS% 0.542 (61st)
3PAr 0.335 (83rd)
TRB% 5.1 (102nd)
AST% 11.6 (92nd)
USG% 19.2 (63rd)
OWS 1.6 (42nd)
DWS -0.1 (121st)
WS 1.5 (74th)
WS/48 0.057 (81st)
OBPM 0.1 (62nd)
DBPM -2.8 (113th)
BPM -2.7 (98th)
VORP -0.2 (106th)
What I'm saying is... don't build your hopes on this guy. At the price he's a decent add, low risk, but to expect anything more than a few games of high score output is too much to ask. He's no 1:1 CJ replacement, he's no reliable second or even third option, he's not a reliable shooter. His effective shooting percentages and true shooting percentages have always been below league average. His defense has been among the worst in the league. His rebounding and playmaking is non existent.