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.
Oct 20, 2014, 12:26 AM EDT
Kobe Bryant reaches, Alec Burks teaches.
Oct 19, 2014, 11:37 PM EDT
Taj Gibson knows how to finish.
Oct 19, 2014, 10:00 PM EDT
Tom Thibodeau is not the yoga type.
Oct 19, 2014, 8:30 PM EDT
LeBron James, Kyrie Irving and Kevin Love will take the floor together for the first time since the preseason opener.
Oct 19, 2014, 7:01 PM EDT
Experimental preseason game between Nets and Celtics took place Sunday.
Oct 19, 2014, 6:30 PM EDT
Things feel a little different in Miami.
Oct 19, 2014, 5:00 PM EDT
Parker wants the league to spread out the regular season over more weeks.
Oct 19, 2014, 3:30 PM EDT
Hollins won’t adjust starters minutes as he coaches the Nets during the experimental game Sunday.
Oct 19, 2014, 2:00 PM EDT
“Akron” celebrates James’ homecoming.
Oct 19, 2014, 12:30 PM EDT
The Knicks star says the biggest issue for players is the amount of consecutive games they play.
Kawhi Leonard to miss remainder of preseason due to infection, availability for opening night in question
Oct 19, 2014, 11:00 AM EDT
Popovich had legitimate reasons for holding him out.
Oct 19, 2014, 9:30 AM EDT
Oct 19, 2014, 8:00 AM EDT
Anthony should have more help than in the recent past, but he’ll need to score plenty in order for his team to have a shot.
Oct 18, 2014, 11:00 PM EDT
Olajuwon is employed by the Rockets, and has been working with Howard the last two summers.
Spurs’ Gregg Popovich fires back at Suns owner’s apology: ‘I’m just surprised he didn’t do it in a chicken suit’
Oct 18, 2014, 9:30 PM EDT
Popovich goes deep, referencing an incident that occurred back in 2005.
Oct 18, 2014, 8:00 PM EDT
Parker is the favorite to win Rookie of the Year honors.
Oct 18, 2014, 6:30 PM EDT
Bryant can still get up.
Oct 18, 2014, 5:00 PM EDT
Celtics have too many guaranteed contracts, and are already set at Bynum’s position.
NBA announces groundbreaking partnership to implement basketball development curriculum in Chinese schools
Oct 18, 2014, 3:30 PM EDT
Huge step in increasing the game’s popularity on a global scale.
Oct 18, 2014, 2:00 PM EDT
Of course that’s not going to happen.
- NBA’s 44-minute game clocks in at under two hours, players barely notice 0
- Nets coach Hollins on 44-minute game: ‘The change will be for the guys who don’t start’ 9
- Spurs’ Gregg Popovich fires back at Suns owner’s apology: ‘I’m just surprised he didn’t do it in a chicken suit’ 6
- Blake Griffin goes after Trevor Booker following flagrant foul, says he may retaliate in the future (VIDEO) 30
- Suns coach Hornacek says shortening games won’t help teams rest their stars 2
- Lakers coach Byron Scott’s philosophy on three-pointers: ‘I don’t believe it wins championships’ 33
- Accounting for Klay Thompson choosing a contract extension over new-TV-deal money 2
- Kobe Bryant calls ESPN voters who ranked him No. 40 ‘idiots’ 34