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Theis agreed Monday to a four-year, $36 million contract with the Rockets, Adrian Wojnarowski of ESPN reports. The deal is expected to be part of the Victor Oladipo trade exception, which means a sign-and-trade with the Bulls is likely.

Theis saw action with the Celtics and Bulls last season, with the big man averaging 9.6 points, 5.5 rebounds and 1.7 assists. It's not clear which of Theis, Christian Wood and rookie Alperen Sengun will nab the two starting frontcourt spots, but even if Theis comes off the bench, he should see sixth-man minutes.

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