Per Spotrac, the Rockets were $50.6 million over the cap before the addition of Finney-Smith, but ESPN's Bobby Marks noted that Finney-Smith's contract comes out of the $14.1 million non-taxpayer mid-level exception.

NBA veteran Dorian Finney-Smith will sign a four-year contract with the Houston Rockets, according to multiple reports on Monday.

The Spurs lured center Luke Kornet away from Boston with a four-year, $41 million deal as NBA free agency got underway Monday.

Saturday afternoon, in a move first reported by The Athletic, the Philadelphia 76ers tendered Quentin Grimes an $8.7 million qualifying offer, making him a restricted free agent. That will allow Philadelphia to match any offer Grimes gets on the open free-agent market.

LeBron James picks up option to return for a 23rd season with countless records, multiple MVPs and titles. He is the NBA's all-time leading scorer.