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.

Dorian Finney-Smith is the latest veteran addition for the Houston Rockets, as the 3-and-D wing declined his player option with the Lakers earlier this week and agreed to a new four-year, $53 million deal with the Rockets,

Free agent forward Dorian Finney-Smith has agreed to a four-year, $53 million deal with the Houston Rockets, sources tell ESPN. Finney-Smith's agent, Michael Tellem of Excel Sports, negotiated the terms of the deal tonight with Rockets executives for the 3-and-D wing.