Following LeBron James' announcement that he will sign with the Cleveland Cavaliers, the Houston Rockets are rushing to finalize their own free agency plans. Adrian Wojnarowski of Yahoo Sports is reporting that the Rockets are "moving quickly" to sign Bosh and that the team plans to match Chandler Parsons' $45 million offer sheet.
Wojnarowski also reported that a rival executive believes every player on the Rockets' roster, save for the main cogs, is available as Houston tries to clear cap space.
Grantland's Zach Lowe reported that teams dealing with Houston are getting the impression that Bosh is "locked in."
CBS Sports' Ken Berger reported that it is believed Houston can get up to just $1 million shy of the max in cap room.
The Rockets had previously agreed to a trade to send center Omer Asik to the New Orleans Pelicans in a move to clear cap space. Asik counts for $8.3 million against the cap next year, but is actually due $14.9 million in salary, thanks to the "poison pill" contract Houston signed him to in the summer of 2012.
The Rockets had also been interested in trading point guard Jeremy Lin in order to free up more cap space. The Philadelphia 76ers were reportedly interested, but a more recent report indicated that they feel Lin's contract may be too pricey. ESPN's Marc Stein reported that the Rockets are trying to trade Jeremy Lin to the Lakers.
Lin has a similar contract structure to Asik, counting for $8.4 million against the cap, but due $15 million in salary.
Houston and Chris Bosh moving quickly on securing deal, and with Bosh, Rockets will match Chandler Parsons offer sheet, source tells Yahoo. — Adrian Wojnarowski (@WojYahooNBA) July 11, 2014