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- The Rockets decided in-season not to trade Omer Asik and not to re-sign Chandler Parsons, instead letting the market develop for both.
- The Rockets agreed to trade Asik to the New Orleans Pelicans for a protected first-round pick and other assorted flotsam just before the draft.
- Morey began talks with agents for Carmelo Anthony and LeBron James to try to lure one to Houston. They also began talks with Pau Gasol as a third choice.
- The Rockets began serious talks with Chris Bosh after LeBron-to-Cleveland rumors got serious, offering Bosh a max contract.
- LeBron signed with the Cavs.
- The Rockets shipped off Jeremy Lin and a protected first round pick to the Lakers just to get Lin off the books to prepare a max contract for somebody (anybody).
- Carmelo re-signed with the Knicks.
- Bosh re-signed with the Heat.
- Parsons took a monster deal in Dallas which the Rockets didn?t match for value reasons.
- Gasol signed with Chicago.
- The Asik trade became a three-way sign-and-trade also involving the Pelicans which brought Ariza back to the Rockets.