The Houston Rockets have reached an agreement on a contract extension with veteran center Steven Adams, his agent Darren Matsubara and a team source confirmed to the Chronicle on Saturday. Adams was set to become an unrestricted free agent on June 30 but instead will return to the Rockets on a three-year,

Steven Adams will be returning to the Houston Rockets for next season and beyond, as the veteran center agreed to a new three-year, $39 million contract extension Saturday that will keep him in Houston and take him off the free agent market, per Shams Charania.

Adams and the Rockets have agreed to terms on a three-year, $39 million contract extension in advance of free agency, according to ESPN's Shams Charania. Adams was previously set to hit free agency after the expiration of the two-year, $25.2 million deal he originally signed with the Memphis Grizzlies.