Houston Rockets Rumors | Hoops Rumors

Cap Observations: KD Trade, Valanciunas, Kings, H. Gonzalez

July 4th, 2025 at 9:51am CST by Luke Adams

As we catch our breath on the Fourth of July and await updates on the top remaining free agents - including an intriguing group of restricted free agents and veteran unrestricted free agents like Al Horford, Chris Paul, and Russell Westbrook - we're taking a look back at a few of the intriguing stories from the past few days.

In the space below, we're exploring what the seven-team Kevin Durant figures to look like, why the Nuggets and Kings are still moving forward with their Jonas Valanciunas/Dario Saric swap amid rumors about Valanciunas wanting to play in Greece, what the rumors about Sacramento's interest in Jonathan Kuminga suggest, and more.

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Rockets, Kevon Harris Agree To Two-Way Deal

July 3rd, 2025 at 10:58pm CST by Luke Adams

The Rockets and free agent shooting guard Kevon Harris have agreed to terms on a two-way contract, agent Darrell Comer tells Michael Scotto of HoopsHype (Twitter link).

Harris has excelled at the G League level in recent years, earning MVP honors at the NBAGL’s Next Up Game at All-Star weekend in February. On the season, he averaged 19.8 points, 6.7 rebounds, 3.9 assists, and 1.4 steals in 31.1 minutes per game across 44 Tip-Off Tournament and regular season outings for the College Park Skyhawks, Atlanta’s affiliate.

Harris’ NBA résumé is thinner, but the 28-year-old made 36 total appearances for Orlando from 2022-24 while on a two-way contract with the Magic. He was on an NBA roster most recently when he signed a 10-day deal with the Hawks in March.

Harris will join a Rockets team that currently has one of its two-way slots filled (David Roddy), with a two-way qualifying offer out to a second player (N’Faly Dante).

A two-way contract allows a team to shuttle a player back and forth between the NBA roster and its G League affiliate, with a 50-game regular season limit at the NBA level. Two-way players earn half the rookie minimum salary.

Rockets Waiving Jock Landale

July 3rd, 2025 at 2:26pm CST by Luke Adams

The Rockets will waive center Jock Landale before his $8MM salary for the 2025/26 season becomes guaranteed, according to Shams Charania of ESPN (Twitter link).

Charania adds that Landale will sign with his “preferred destination” after clearing waivers, while Kelly Iko of The Athletic says (via Twitter) a number of teams have expressed interest in him.

Landale was signed by Houston in 2023 to a four-year, $32MM contract that included just one fully guaranteed season. However, the Rockets – who were operating well below the luxury tax line, hung on him for the second year of the deal in 2024/25, even though he played a limited role for the team behind Alperen Sengun and Steven Adams in the frontcourt.

The 29-year-old averaged 4.8 points and 3.3 rebounds in 11.9 minutes per game across 42 outings (three starts) this past season.

With Sengun and Adams returning and Clint Capela joining the frontcourt mix, there was no place in the rotation going forward for Landale, and his $8MM annual salary is no longer palatable for the Rockets to carry with the roster getting more expensive. His release had been expected, even after he and the team reached an agreement over the weekend to push his salary guarantee date back to July 7.

Durant Trade Expected To Be Completed As Seven-Team Deal

July 2nd, 2025 at 9:56pm CST by Luke Adams

When the Suns and Rockets agreed a week-and-a-half ago to a deal that will send Kevin Durant to Houston, they negotiated it as a two-team trade. However, after the July moratorium lifts on Sunday and that trade can be officially completed, it’s expected to be finalized as a seven-team mega-deal, according to ESPN’s Bobby Marks (YouTube link).

Marks specifically mentions the Hawks, Timberwolves, and Nets as teams who will be involved, referencing the Rockets’ sign-and-trade deal for Clint Capela and Atlanta’s sign-and-trade for Nickeil Alexander-Walker as agreements that may be looped into this trade. Brooklyn made a minor draft-night deal with the Suns that includes a couple picks Phoenix is acquiring from Houston as part of the package for Durant.

While Marks didn’t name all seven teams, Fred Katz of The Athletic says the Warriors and Lakers are expected to play a part in the deal too.

The No. 59 overall pick (Jahmai Mashack) that was originally sent from Houston to Phoenix in the Durant agreement got rerouted by Phoenix to Golden State (who later sent it to Memphis), while No. 36 pick Adou Thiero will end up with the Lakers following a series of swaps involving the Nets, Suns, and Timberwolves.

There may also be a pathway to turning Dorian Finney-Smith‘s four-year, $53MM agreement with Houston into a sign-and-trade from the Lakers, though Katz’s report suggests Finney-Smith (and Alexander-Walker) aren’t being discussed in the current framework.

Theoretically, other previous trade agreements involving some of these teams could be roped in to expand the deal even further if it proves advantageous (or if it just streamlines the process of finalizing trades). We also still have more than 72 hours before the moratorium lifts on Sunday at 11:00 am Central time, so if more deals are reached in the coming days, it’s possible they could be attached to this one too.

To be clear, while putting together these swaps as a single mega-trade could result in minor additional pieces such as cash, a draft-rights player, or a two-way player (Katz mentions Daeqwon Plowden of the Hawks) being involved, it won’t meaningfully alter the players and picks changing hands.

It simply means that several trade agreements previously reported separately will be combined into one move to get them all done at once. That should make life easier for the league, which won’t have to process a bunch of separate trades that include certain players or draft picks.

It also means the trade will likely set a new NBA record for most teams involved in a single deal. That record was last set a year ago when six teams got together to complete the transaction that sent Klay Thompson to Dallas, Kyle Anderson and Buddy Hield to Golden State, and Josh Green to Charlotte.

Our breakdown of 2025 offseason trades can be found right here if you want to try to figure out how to get eight, nine, 10, or all 30 teams somehow involved in this deal.

Clint Capela Agrees To Three-Year Contract With Rockets

June 30th, 2025 at 7:03pm CST by Dana Gauruder

9:12pm: The Rockets are acquiring Capela in a sign-and-trade with the Hawks, according to Jake Fischer of The Stein Line (Twitter link), who reports that Houston is giving Atlanta a second-round pick swap in 2031 and cash to complete the deal.

7:03pm: The Rockets continued to retool their frontcourt by agreeing to a three-year, $21.5MM contract with Hawks free agent Clint Capela, ESPN’s Shams Charania tweets. The contract is fully guaranteed, Charania adds (Twitter link).

It’s no surprise that Capela, who lost his starting job in the second half of this past season, was leaving Atlanta. The Hawks are acquiring Kristaps Porzingis from the Celtics to be their starting big man, at least for next season.

Going to the Rockets, where he started his career, is somewhat of a surprise, given they already have one of the league’s top young big men in Alperen Sengun.

Houston also signed Steven Adams to a three-year extension in mid-June. Where Capela fits on the depth chart remains to be seen.

As for the contract terms, how they’ll acquire Capela is another mystery. Houston also agreed to a four-year deal with forward Dorian Finney-Smith on Monday, apparently via their non-taxpayer mid-level exception. That would mean the Rockets would have to work out a sign-and-trade to bring in Capela.

This past season, Capela started 41 of 55 games and averaged 8.9 points and 8.5 rebounds in 21.4 minutes. That was the first time in eight seasons Capela didn’t average a double-double. He was the Hawks’ regular starting center the previous four seasons after a six-year stay with Houston.

Dorian Finney-Smith To Sign Four-Year Contract With Rockets

June 30th, 2025 at 5:33pm CST by Luke Adams

Free agent forward Dorian Finney-Smith is leaving the Lakers in order to sign a four-year, $53MM contract with the Rockets, sources tells Shams Charania of ESPN (Twitter link).

The agreement includes a trade kicker and a mutual option (ie. a non-guaranteed player option) in year four, tweets Michael Scotto of HoopsHype.

Finney-Smith will likely be signed using Houston’s non-taxpayer mid-level exception. A full mid-level deal, starting at the maximum $14.1MM, would be worth $60.6MM, so the Rockets should still have a small portion of the exception left over after signing Finney-Smith, assuming the contract has a standard ascending structure.

Finney-Smith, who was traded from Brooklyn to Los Angeles last December, appeared in 43 games for the Lakers in 2024/25, making 20 starts. He averaged 7.9 points, 3.9 rebounds, and 1.4 assists in 28.8 minutes per game, posting a shooting line of .442/.398/.714.

While his box-score numbers certainly don’t jump off the page, Finney-Smith’s midseason arrival helped fuel a defensive turnaround in L.A. and his reliable three-point shooting helped space the floor on offense.

His impact was reflected by his on/off-court numbers — no Lakers rotation player had a better regular season net rating than Finney–Smith’s +11.1 mark in 1,239 minutes. The club had a -3.5 mark in the 1,214 minutes he didn’t play after the trade.

In Houston, he’ll serve as the type of three-and-D wing the Rockets lost when they agreed to trade Dillon Brooks to Phoenix in the Kevin Durant blockbuster.

It’s a major loss for the Lakers, given the role Finney-Smith both on and off the court for the franchise. As Dan Woike of The Athletic tweets, the 32-year-old was a popular presence in the locker room and was well-liked by Luka Doncic. However, a four-year deal for Finney-Smith didn’t fit into L.A.’s long-term plans.

Rockets Agree To Minimum Deals With Aaron Holiday, Jeff Green

June 30th, 2025 at 5:12pm CST by Luke Adams

The Rockets have agreed to bring back guard Aaron Holiday and forward Jeff Green on one-year, minimum-salary contracts, reports Kelly Iko of The Athletic (Twitter link).

The news doesn’t come as a surprise, given that word broke on Friday that Houston intended to re-sign both players – along with free agent forward Jae’Sean Tate – to deals at or near the veteran’s minimum. Tate reached a one-year, $3MM agreement with the club earlier today.

Holiday, who has spent the past two seasons in Houston, had a solid season in 2024/25 as a backup point guard, averaging 5.5 points, 1.3 assists, and 1.3 rebounds per game on .437/.398/.829 shooting. However, his playing time dipped — his 12.8 minutes per game represented a career low.

While the Rockets still like Holiday, they wanted to bring him back on a more team-friendly deal than his previous contract, so they turned down his $4.9MM team option and will now carry a $2.3MM cap hit for the 28-year-old in 2025/26.

Green also played less than ever in 2024/25, averaging a career-low 12.4 minutes per game in 32 appearances. However, he’s a respected veteran locker-room leader and held his own in his limited role, with averages of 5.4 PPG and 1.8 RPG and a .504/.367/.808 shooting line.

The Rockets still have a decision to make on Jock Landale‘s $8MM non-guaranteed salary for 2025/26. Waiving Landale would open up the full non-taxpayer mid-level exception, which is worth $14.1MM.

Rockets, Jae’Sean Tate Agree To One-Year Deal

June 30th, 2025 at 3:28pm CST by Rory Maher

The Rockets and free agent forward Jae’Sean Tate have agreed to a one-year contract worth $3MM, league sources tell Michael Scotto of HoopsHype (Twitter link).

Tate holds five years of NBA experience — all with the Rockets — and his projected minimum salary for next season is approximately $2.67MM. It’s unclear whether Houston is giving him a little more than the minimum or if the figure reported by Scotto is just Tate’s minimum being rounded up.

Tate, 29, went undrafted in 2018 after four college seasons at Ohio State. He played a couple of years overseas before catching on with the Rockets in 2020/21.

In 52 games in 2024/25, Tate averaged career lows of 3.6 points and 2.3 rebounds in 11.8 minutes per contest. His shooting slash line was .473/.348/.681.

While the 6’4″ combo forward’s role has steadily declined during his time with Houston, clearly the Rockets still value his contributions, otherwise they wouldn’t be bringing him back.

Tate is one of three veteran role players expected to re-sign with Houston in free agency, with Aaron Holiday and Jeff Green being the others.

Stein/Fischer’s Latest: Jerome, Kennard, Capela, Lakers, Bulls, More

June 30th, 2025 at 2:42pm CST by Luke Adams

In their latest round-up of scuttlebutt ahead of the start of free agency on Monday, Marc Stein and Jake Fischer of The Stein Line (Substack link) reiterate or confirm a few of the rumors that have been percolating in recent days, writing that Dennis Schröder appears to be on track to join the Kings on a two-year deal worth the non-taxpayer mid-level exception, while D’Angelo Russell is widely expected to join the Mavericks on a two-year deal that utilizes the taxpayer mid-level.

Stein and Fischer also stress that the Grizzlies are increasingly regarded as the favorites to land free agent guard Ty Jerome, with rival teams expecting him to sign for a deal in the neighborhood of $9-10MM annually (Twitter link).

Additionally, Stein and Fischer confirm that the Rockets are now eyeing Luke Kennard in addition to Dorian Finney-Smith. Besides Houston, the Hawks and Nuggets are considered potential suitors for Kennard, one of the league’s best outside shooters, according to The Stein Line duo.

Here are a few more fresh pieces of intel from Stein and Fischer:

The Clippers are viewed as a viable candidate to land free agent center Clint Capela. Los Angeles is known to be in the market for an Ivica Zubac backup, with Drew Eubanks not expected to return.
If the Lakers end up losing Finney-Smith in free agency, they’re expected to express interest in another talented perimeter defender, De’Anthony Melton, Stein and Fischer report. Dan Woike of The Athletic (Twitter link) has also heard that there’s mutual interest between Melton and the Lakers. The veteran guard signed for the full non-taxpayer mid-level a year ago, but seems unlikely to land another deal in that range after missing nearly the entire season with a torn ACL.
There’s a “strong expectation” that free agent point guard Tre Jones will remain with the Bulls, Stein and Fischer say. K.C. Johnson of the Chicago Sports Network previously reported that the odds of a reunion between the two sides were rising following the team’s Lonzo Ball trade.
The Bucks are working on potential Pat Connaughton trade scenarios and have a couple possible pathways to a deal, per Stein and Fischer. Milwaukee would likely have to attach a sweetener to move Connaughton, but perhaps could acquire a player in return who would upgrade the rotation.
The Wizards have been gauging the trade market for a pair of veterans on expiring contracts, guard Marcus Smart and big man Kelly Olynyk, Stein and Fischer write. Olynyk technically isn’t even a Wizard yet, as the deal sending him from New Orleans to Washington will become official after the July moratorium — it sounds like there’s a chance he’s flipped to another team.
DeMarre Carroll and former Wizards assistant Brian Randle are expected to have two of the front-of-bench spots on Jordan Ott‘s coaching staff, but the new Suns coach is still seeking a lead assistant who has previous head coaching experience, according to Stein and Fischer.

Free Agency Notes: Rockets, Ty. Jones, Heat, Raptors, More

June 30th, 2025 at 1:07pm CST by Rory Maher

The Rockets are diligently working secure meetings with Dorian Finney-Smith, Nickeil Alexander-Walker and Luke Kennard when free agency gets underway at 5:00 pm CT, according to Kelly Iko of The Athletic (Twitter link).

Houston is viewed as the frontrunner to land Finney-Smith after the veteran forward declined his $15.4MM player option and didn’t immediately work out a new deal with the Lakers. Marc Stein has reported multiple times that the Rockets are prepared to offer the 32-year-old a four-year deal worth most of the non-taxpayer mid-level exception.

Alexander-Walker, meanwhile, is expected to leave Minnesota after the Timberwolves agreed to lucrative new contracts with Naz Reid and Julius Randle. The Hawks have been rumored as the favorite to acquire the versatile guard, but several teams are said to be interested in his services.

Atlanta is also rumored to have interest in Kennard, who is the third-most accurate three-point shooter in NBA history at 43.8%. He has spent the past two-plus seasons in Memphis, but is expected to leave the Grizzlies in free agency.

Here are a few more free agency-related notes and rumors:

The Knicks could be a suitor for point guard Tyus Jones, per Ian Begley of SNY.tv (Twitter video link). “Tyus Jones is a name that I’m keeping an eye on,” Begley said. “Last summer, there was mutual interest…Jones was even willing to take a pay cut to come to New York. He ended up choosing Phoenix thinking it would be a very good situation for him — didn’t work out, so he’s back on the market.” New York can likely only offer the taxpayer mid-level exception or the veteran’s minimum, Begley notes.
The Magic also expressed prior interest in Tyus Jones and he could be a good fit with Orlando depending on how much money he’s seeking in free agency, according to Josh Robbins of The Athletic. If it’s not Jones, the Magic will likely look to add a different veteran point guard to improve their shooting and offense, Robbins writes.
Anthony Chiang of The Miami Herald released a guide for some of the options the Heat could explore in free agency. According to Chiang, guard Dru Smith is expected to return to Miami on a two-way deal after he was issued a two-way qualifying offer, but he has yet to accept that QO. Smith was on the verge of being promoted to a standard contract last season before suffering a torn Achilles tendon in late December.
As of now, Michael Grange of Sportsnet.ca expects the Raptors to be “fairly quiet” in free agency (Twitter link). Toronto will likely fill out the end of its roster with minimum-salary deals. A veteran extension for starting center Jakob Poeltl remains a possibility as well, Grange adds.
Zach Kram of ESPN.com lists seven “underrated players” who are about to hit the open market, including Chris Boucher, De’Anthony Melton and Gary Trent Jr.