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.
Sep 22, 2014, 10:32 AM EDT
A healthy D Rose could have the Bulls contending for a title.
Sep 22, 2014, 10:11 AM EDT
Toddler imitates Allen Iverson’s practice rant
Sep 22, 2014, 9:31 AM EDT
LeBron is gone but Miami is still playing small, pressuring the ball.
Sep 22, 2014, 9:05 AM EDT
Price will provide point guard depth – at least through training camp
Sep 22, 2014, 8:00 AM EDT
“The truthful answer is I really don’t know.” —Danny Ainge on potentially trading Rajon Rondo
Sep 22, 2014, 12:21 AM EDT
Remember Sanders suffered a serious eye injury last season.
Sep 21, 2014, 11:00 PM EDT
Way more Andre Iguodala than you might expect.
Sep 21, 2014, 9:30 PM EDT
Turner’s stock has dropped significantly since being traded from the Sixers to the Pacers in the middle of last season.
NBA’s rookie transition program tries to educate, but some of the information is presented in poor taste
Sep 21, 2014, 8:00 PM EDT
You can see what they’re trying to do, but some of the things presented went a bit too far.
Sep 21, 2014, 6:30 PM EDT
Our first real look at the new uniforms and new court design.
Sep 21, 2014, 5:00 PM EDT
I’m pretty sure Popovich doesn’t want him taking one of these in a game.
Sep 21, 2014, 3:30 PM EDT
He’s going to fight for minutes at a crowded wing spot in Charlotte.
Sep 21, 2014, 2:00 PM EDT
Nobody expects much from the Timberwolves or Wiggins this season, outside of a few highlight dunks.
Sep 21, 2014, 12:30 PM EDT
A team is going to have to pay him at least $2 million a year to make it worth his while.
Sep 21, 2014, 11:00 AM EDT
Neither player made this summer’s final 12-man roster.
Sep 21, 2014, 9:30 AM EDT
Lakers president believes Bryant is ready after he missed all but six games last season due to injury.
Sep 21, 2014, 8:00 AM EDT
Sep 20, 2014, 11:00 PM EDT
Rubio may not like it, but Minnesota can retain his rights in restricted free agency next summer.
Sep 20, 2014, 9:30 PM EDT
Big man from Mexico preferred to remain in the NBA, but took the payday to return overseas.
Sep 20, 2014, 8:00 PM EDT
Watch it all the way through.
- ProBasketballTalk 2014-15 Preview: Chicago Bulls 0
- Tony Parker hits a back over-the-head halfcourt shot (VIDEO) 8
- Timberwolves ‘not necessarily in a rush’ to agree to contract extension with Ricky Rubio 15
- Andray Blatche signs deal to play in China next season 11
- Is Klay Thompson the best two-way shooting guard? Stephen Curry would ‘put him up against anybody.’ 18
- UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks 40
- LeBron James unveils latest signature shoe from Nike: The LEBRON 12 12
- ProBasketballTalk 2014-15 Preview: Toronto Raptors 10