Jun 3, 2014, 11:36 PM EDT
If they desire, the Rockets will keep Chandler Parsons next season. That was always the case.
It will just cost them a little more now – by their choice.
The Rockets hold a $964,750 team option on Parsons for next season. If they exercise it, he’ll become an unrestricted free agent in 2015. If they decline it, he’ll become a restricted free agent this summer – i.e., getting a raise sooner but one Houston can match.
The Houston Rockets plan to decline the fourth-year option on forward Chandler Parsons’ contract, freeing him to become a restricted free agent this summer, league sources told Yahoo Sports.
Houston plans to pursue the major stars who could be available upon opting out of deals, including Miami’s LeBron James and Chris Bosh, and New York’s Carmelo Anthony, league sources said. Dallas’ Dirk Nowitzki is expected to be a target too.
However, if the Rockets were intent on maximizing cap room, they would have just picked up Parsons’ option to ensure he’d count against the cap at $964,750.
By Houston declining it and then extending a qualifying offer, Parsons will count against the cap at $2,875,130* until he signs either a contract or offer sheet. Then, he’ll count against the cap at his 2014-15 salary, which will surely be much higher.
*He earned a higher qualifying offer by meeting the starter criteria. That puts his qualifying offer equal to the rookie-scale amount for the No. 21 pick in the 2010 draft (not 2011, as previously noted). Though Parsons was drafted in 2011, the 2010 draft is used because players drafted in the first round in 2010 are finishing their contracts this season.
So, it seems the Rockets are more interested in a sign-and-trade.
I’d think a player of Parsons’ quality making less than $1 million, even if on an expiring contract and due a big raise the following year, would have high trade value. But to add salary in a trade – LeBron, Bosh, Melo, Nowitzki or Love wouldn’t come cheap – the Rockets would have to send out a comparable amount of salary. In that sense, a higher-paid Parsons could be more helpful.
This decision might say something about the low trade value of Omer Asik and Jeremy Lin, who will each count $8,374,646 against the cap next season while owed $14,898,938 in real money. Though that cap number could facilitate a sign-and-trade, teams might balk about actually paying so much in actual dollars.
Hence, Parsons – a better player than Asik and Lin – could become the preferred sign-and-trade option.
Of course, Parsons would have to go along with a sign-and-trade. He’s clearly fond of Houston, and he might not accommodate a deal that sends him elsewhere.
That said, he should welcome making around $10 million rather than less than $1 million next season. Wherever Parsons plays in 2014-15, Houston is doing him a huge favor.
Personally, I would have exercised Parsons’ option and enjoyed the advantages of a good starter making so little money for an extra year. Then, once the contracts of Asik and Lin expire next summer, I would have tried to leverage Parsons’ tiny free agent amount into huge cap space and then gone over the cap to re-sign Parsons.
But Morey should know the Rockets’ current options better than I do. This could be the first step to something very big.
And if that backfires, Houston will at least safely lock up Parsons for several more years, though at a higher cost.
Jul 29, 2015, 9:26 AM EDT
He’ll likely compete with Aaron Harrison to make regular-season roster
Jul 29, 2015, 8:31 AM EDT
Cleveland’s Tristan Thompson and J.R. Smith head the list.
Jul 29, 2015, 8:00 AM EDT
Bounce passes are less effective in baseball.
Jul 29, 2015, 12:05 AM EDT
Cuban said presidential candidate is ‘probably the best thing to happen to politics in a long, long time’
Jul 28, 2015, 11:09 PM EDT
Could former summer-league standout fill Golden State’s need for an off-the-bench shooter?
Jul 28, 2015, 10:11 PM EDT
Hint, hint, hint
Jul 28, 2015, 9:16 PM EDT
Dallas also reportedly talking to Salah Mejri
Jul 28, 2015, 8:19 PM EDT
Thunder power forward was scheduled to play in African exhibition game
Jul 28, 2015, 7:24 PM EDT
Miami cleared roster room for second-round pick
Jul 28, 2015, 6:30 PM EDT
I can tell you where Batum will land next summer — whichever team offers him the most money.
Jul 28, 2015, 5:46 PM EDT
He’ll be back this fall.
Jul 28, 2015, 5:05 PM EDT
The Lakers and Knicks don’t make a ton of sense for him.
Jul 28, 2015, 4:15 PM EDT
He’s been sober four years, which is most important.
Jul 28, 2015, 3:29 PM EDT
With more number retirements in Boston on the way in a few years.
Jul 28, 2015, 2:46 PM EDT
Did Michael Jordan hijack the draft process in Charlotte again?
Jul 28, 2015, 1:54 PM EDT
Walker is expected to sign the bill to allocate funds for a new arena.
Jul 28, 2015, 1:43 PM EDT
Batum will be a free agent next summer.
Jul 28, 2015, 1:32 PM EDT
The Nets added solid role players in addition to re-signing Brook Lopez and Thaddeus Young.
Jul 28, 2015, 1:20 PM EDT
Udoh played five seasons with the Warriors, Bucks and Clippers.
Jul 28, 2015, 12:59 PM EDT
Barnes hasn’t forgotten Ibaka’s altercations with Blake Griffin.
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