The Cavs were hoping to get the young guard away from the Rockets, but the Rockets were able to hang on to him.
Kyle Lowry will sign a 3-year deal worth $24 million with an option for a 4th year. The Cas made the offer and the Rockets wasted no time in matching the offer.
Lowry averaged 9 points and 5 assists in a back-up role last season for the Rockets.
Luis Scala is the Rockets only remaining restricted free agent and Rockets GM Daryl Morey said he hoped to have Scala signed soon.
Tags: Houston Rockets, NBA Free Agency