Jabari Smith Jr. is locking in with the Houston Rockets. He agreed to a five-year, $122 million contract extension.

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Per ESPN's Shams Charania, Rockets forward Jabari Smith Jr. intends to sign a five-year, $122 million rookie contract extension that is fully guaranteed through the 2030-31 season. Smith's new deal will be added to a Rockets salary cap that currently stands at $205.

NBA free agency 2025 updates, news, rumors, speculation, targets, trades for Phoenix Suns ahead of NBA free agent signing period. What will team do?

Things have already begun to shift, with the Phoenix Suns trading superstar Kevin Durant to the Houston Rockets for Jalen Green, Dillon Brooks and the 10th pick (Khaman Maluach) in the 2025 NBA Draft.