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Shai Gilgeous-Alexander delivered the decisive points late in a second overtime period as the defending champions started their NBA title defense with a 125-124 win over the visiting Rockets.

The reigning MVP poured in 35 points, featuring two clutch free throws with just mere seconds remaining in double OT, giving the champions a positive start.

The Rockets' big man top-scored with a game-high 39 and also hit a personal-best five three-pointers.

But Chet Holmgren, who added 28 points, was instrumental alongside the game's hero.

"Grit and defense," Gilgeous-Alexander commented of their showing. "We know that when we do it defensively we give ourselves a chance no matter what's going on—shots, missed attempts, good luck or misfortune. We did sufficient defence to get the win. We're still shaking off rust, but it's a good start."

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

The Thunder defeated the Indiana Pacers in last season's championship series. It was their maiden championship since the franchise relocated in 2008 to Oklahoma City from Seattle, who had claimed the 1979 crown.

The Pacers will have the opportunity to secure some early revenge on Friday when they host Oklahoma, while the Rockets return to action on the same day at the Detroit Pistons.

Elsewhere, a massive performance of 43 points, 12 boards and nine assists from Luka Doncic was insufficient to stop his new team the Lakers from suffering a 119-109 loss against the Warriors.

Miami's star picked up 31 points and Stephen Curry added 23 points for the visiting Warriors.

Los Angeles were without the NBA's all-time leading scorer LeBron James as he recovers from a back issue.