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Shai Gilgeous-Alexander scored the decisive points deep into a second overtime period as the defending champions started their NBA title defense with a 125-124 victory over the visiting Rockets.

Last season's MVP scored 35 points, including two from the free-throw line with just 2.3 seconds remaining in the second overtime, giving the champions a winning beginning.

The Rockets' big man led all scorers with 39 points and also connected on a career-high five shots from beyond the arc.

But Chet Holmgren, who contributed 28 points of his own, was instrumental together with match-winner Gilgeous-Alexander.

"Grit and defense," Gilgeous-Alexander commented of their performance. "We know that when we do it defensively we give ourselves a chance no matter what's going on—makes, missed attempts, good luck or bad luck. We did enough defensive work to secure the victory. We're still shaking off rust, but it's a good start."

Prior to the tip-off, the team's title banner was unveiled at their arena, while the players were presented with their title rings.

The Thunder defeated the Pacers in the previous season's best-of-seven NBA Finals. It was their maiden championship since the franchise moved in 2008 to OKC from Seattle, who had won the 1979 crown.

The Pacers will have the opportunity to secure some early revenge on this Friday when they host the Thunder, while the Rockets are back on court on the same day at the Pistons.

Elsewhere, a massive effort of 43 points, 12 rebounds and nine dimes from the Slovenian star was not enough to prevent his current team the Lakers from suffering a 119-109 loss against the Warriors.

Miami's star picked up 31 points and Golden State's sharpshooter chipped in 23 points for the road team.

The Lakers were missing the NBA's all-time leading scorer James as he is recovering from sciatica.