(Editors Note: I was wrong and so is ESPN, the Rockets are actually in 9th place right now, or at least they are until tomorrow night.)
According to ESPN, here they are:
In the event two or more teams are tied in the standings, a series of tiebreakers are applied to determine which team receives the higher seeding.
Two-Team Tiebreaker
1. Better record in head-to-head games
2. Higher winning percentage within division (if teams are in the same division)
3. Higher winning percentage in conference games
4. Higher winning percentage against playoff teams in own conference
5. Higher winning percentage against playoff teams in opposite conference
6. Higher point differential between points scored and points allowed
Three-Team Tiebreaker
1. Best head-to-head winning percentage among all teams tied
2. Highest winning percentage within division (if teams are in the same division)
3. Highest winning percentage in conference games
4. Highest winning percentage against playoff teams in own conference
5. Highest point differential between points scored and points
allowed