Update: Bosh, Miami finalizing 5-year contract
With LeBron James headed back home to the Cleveland Cavaliers, Chris Bosh will likely join Dwight Howard and James Harden with the Houston Rockets:
Source close to situation says Rockets believe they will have commitment "soon" for Chris Bosh to come to Houston
— Marc Stein (@ESPNSteinLine) July 11, 2014
The Rockets entered free agency with their eyes on Carmelo Anthony, but their focus turned to Bosh once it appeared Anthony wasn't coming and James might leave the Miami Heat.
Houston already had an agreement in place to deal Omer Asik to the New Orleans Pelicans in order to clear cap space, and a trade of Jeremy Lin to the Philadelphia 76ers is also reportedly prepped and ready to go to get even closer to a max deal.
The Rockets can't quite sign Bosh outright to his full max if they want to keep Chandler Parsons, who recently signed a three-year, $45 million offer sheet with the Dallas Mavericks. However, if Houston can sell off a bunch of its smaller parts, they can get close to a max and then match Parsons' offer sheet. That's currently the plan:
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
A top four of Bosh, Howard, Harden and Parsons would be stacked and a certain contender in the Western Conference, even with some shaky depth. Bosh is a perfect fit as a stretch 4 next to Howard, and that duo would be a terror defensively down low.