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Report: Rockets will not pick up Chandler Parsons’ player option, he’ll be restricted free agent

Jun 28, 2014, 2:23 PM EDT

Oklahoma City Thunder v Houston Rockets - Game Four Getty Images

This is another move that is about getting cap space to chase Carmelo Anthony (and maybe LeBron James or Chris Bosh or Kevin Love or any other big name free agents).

As expected, the Houston Rockets will not pick up the player option for Chandler Parsons, reports Marc Spears at Yahoo Sports. Jonathan Feigen of the Houston Chronicle says per the team’s usual “wait to the deadline” policy the Rockets will not make that official until Monday.

Still, it’s going to happen.

If the Rockets had picked it up they could have gotten Parsons to play for them at just $964,750 — a complete bargain. However, at the end of next season he would have been an unrestricted free agent and just bolted. By declining the option now his cap hold goes up some (to $2.9 million, because he met starter criteria), but the Rockets have the right to match any offer, plus it makes him a very valuable sign-and-trade piece to help get a free agent.

Parsons is going to cost the Rockets now if they do try to keep the athletic swingman — another team is going to come in with a big offer, very possibly an eight figure offer, and the Rockets will have to match (and go over the cap to do it). Parsons is going to get paid.

Parsons averaged 16.6 points a game with a true shooting percentage of 56.5 percent plus he grabbed 5.5 rebounds a contest playing almost 38 minutes a game. He’s athletic, can finish around the rim and shot 37 percent from three. He had a PER of 15.9 and is improving each year. He is going to draw a lot of interest.

But the Rockets are big game hunting and looking for all the leverage they can get.

  1. cruzan80 - Jun 28, 2014 at 2:41 PM

    Now their gonna end up overpaying him or losing him for nothing after Melo & Lebron spurns them.

  2. R. Edmond - Jun 28, 2014 at 2:51 PM

    Damian Lillard would like to have a word with you about the “athletic wingman” bit!

  3. Hard On For Harden - Jun 28, 2014 at 2:55 PM

    Can you read? They would’ve overpaid him more if they allowed him to become an unrestricted free agent next year and the only way they risk losing him is if Les Alexander doesn’t want to pay the luxury tax, which I sincerely doubt is an issue.

    • cruzan80 - Jun 28, 2014 at 4:22 PM

      @ hard on

      If they picked up his option they could’ve:

      1.See if he’ll actually get any better in THEIR uniform so at least come next season when he becomes an unrestricted free agent, they can be confident in what their spending their money on.

      2.They’ve just offered an extension.

      3.It’s very possible that a team will pull the same thing they pulled on the Knicks with Jeremy Lin. If they match…they end up grossly overpaying a player who might have already reached his ceiling or they lose him for nothing.

      No matter how you twist it…this is a major gamble in an attempt to get two players who have given no indication that they are remotely interested in playing for them.

      • Hard On For Harden - Jun 28, 2014 at 9:01 PM

        I’m definitely not twisting anything. With Parsons, they went out in the first round to a Blazers team who had not been in the playoffs in 5 years. That is not good enough. Dwight came into the league out of high school and the clocks ticking, the time is now. Let me break it down for you, even though I’ll get a million thumbs down because it’s so “difficult” to comprehend.

        1) Your point about Lin is irrelevant, apples to oranges. We have Parsons bird rights, Lin hadn’t accrued them with the Knicks. Any poison pill contract with a high cap hit does not matter as we can exceed the cap by however much to sign Parsons. The only slight issue is paying the luxury tax, and especially in the event we signed Parsons after somehow acquiring Melo, I sincerely doubt Les Alexander would give a rats @$$ about paying the luxury tax. This isn’t Mickey Arison we’re talking about here.

        2) So they pick up Parsons option and simply offer him an extension? Yeah, that’d totally be great if you just offered guys extensions and they were 100% guaranteed to sign it. That’d be super awesome if it worked that way, but it doesn’t. And you’re an absolute fool if you think Parsons wouldn’t prefer to hit the open market to let that determine his contract, he’s been playing for pennies on the dollar thus far on his second round rookie contract.

        3) Parsons been a Rocket for three years, I think we have a pretty good grasp of what he is. He’s not just going to take some monumental step forward from years 3-4 to become some superstar. And regardless, getting him under contract by matching a restricted offer sheet from another team isn’t bad at all. If it doesn’t work out, just another asset to trade. All of you mocked Morey endlessly for the Asik/Lin deals and how he wouldn’t be able to get rid of those salaries. He just did it with Asik and I guarantee he has a trade lined up for Lin if he knows he has Melo in the bag.

        Like I said, the current state isn’t good enough, and if two top 5 players in the NBA are available, you make sure you have the flexibility to bring them in. I expect that of my GM, and theres no reason any other fan wouldn’t demand that their GM is constantly looking for ways to improve. I don’t think we’ll get Melo or LBJ, but even bringing back Lowry is a drastic upgrade over Lin (he recently said he regretted how things went down with McHale etc.). Morey’s the same guy who traded Rafer Alston for Lowry and was ripped to shreds at the time, then ripped even further when he matched Cleveland’s offer sheet for him. You guys can’t handle that the nerd from MIT continually puts all of you in your place. He took over a team built around T-Mac/Yao, kept them at .500 for a few years solely with the role players he’d acquired after both of their careers fizzled out, and completely flipped this roster WITHOUT tanking. I’m going to give him the benefit of the doubt.

      • rohlo - Jun 28, 2014 at 10:16 PM

        thye cant do the same thing they did with lin and asik….parsons was drafted by the rockets as where lin and asik werent drafted..if you are a drafted player you cant pull the poison pill stunt..

  4. rrhoe - Jun 28, 2014 at 2:57 PM

    If the Spurs have shown anything it is that for a team to sustain being a contender on a yearly basis you need depth,but yet teams are willing to forgo that for three “superstars” and spare parts. Why not surround the two “superstars” they have with a better supporting cast.

    • ddarqwon - Jun 28, 2014 at 11:54 PM

      I can appreciate the Spurs recent championship as much as the next guy. It was a thing of beauty watching them dissect the Heat.
      But let’s not try to rewrite history here.

      The Heat have won two of the last three championships with their “Big 3″ model and have been to 4 Finals in a row. So to suggest that it’s not a worthy approach is asinine.
      Even the team you cited, The Spurs, can attest to that since they’ve won championships with 2 different “Big 3″ style rosters (Sean, David,& Tim…then Tim, Tony, & Manu).

      Bottom line is there is more than one way to skin a cat, so people should stop trying to act as if the Spurs just gave us the blueprint for perpetual championships (especially considering their previous one was 7 years ago).

      • rrhoe - Jun 29, 2014 at 2:26 AM

        Never said anything about championship’s,I said being a yearly contender. What Miami did worked for them,cannot argue that,but as a player one should want to be in contention for a championship every season,that’s usually the sign of good management.

  5. seansull83 - Jun 28, 2014 at 3:08 PM

    Because people haven’t fully realized how a Big 3 setup can hurt you long term. Boston fans know it all to well though, but we are one team. Lakers kinda similar situation, and Miami soon will be as well. You have to pay for talent. Get 3 superstars get 3 superstar bills. It stifles any development programs you can have, because you have to choose between young guns or vets on thier last leg.

    • sportsfan18 - Jun 28, 2014 at 5:45 PM

      D Wade’s knees have already ushered them into that period of “hurt” as you mentioned…

    • ddarqwon - Jun 28, 2014 at 11:58 PM

      Do you think ANY Celtics fan would trade that championship for what you are talking about?

  6. Mr. Wright 212 - Jun 28, 2014 at 3:17 PM

    You can have Shumpert, Larkin and Ellington, sign Parsons for $7M and hand him over.

    Thanks.

  7. imakcds - Jun 28, 2014 at 3:49 PM

    I just find it so amusing that Houston is making major overhauls to its roster, yet Dwight Howard chose them because they were already championship ready.

    • Hard On For Harden - Jun 28, 2014 at 3:59 PM

      Gotta love revisionist historians. They were an 8th seed before he came. Anyone claiming they were immediately a title contender was a front runner.

  8. farminfool - Jun 28, 2014 at 5:12 PM

    Ok Flip go get him. Twolves need this guy. No brainier

    • sportsfan18 - Jun 28, 2014 at 5:46 PM

      He’s allergic to snow…

      Sorry

  9. jadaruler - Jun 28, 2014 at 7:24 PM

    Phoenix will offer 4 for 44 the first night of free agency knowing Melo won’t decide until the week after.

    • ddarqwon - Jun 29, 2014 at 12:01 AM

      Good thing that doesn’t have any impact on when Parsons decides to sign.

  10. neko123 - Jun 28, 2014 at 7:37 PM

    I don’t get all this frantic money waving to land Melo. What has he done as a pro since leading Syracuse to the title? He couldn’t get it done in Denver, and after a promising first season in NY has looked less like a winner every year. Comparing Melo to LeBron is ridiculous. LeBron will make any team a contender. Melo, no. So why give up a valuable piece like Parsons at all. RE-sign him next year and be done with that issue. The only hope for any team to overtake the Spurs or OKC in the next few years is to entice LeBron to join them. Melo will not do the trick….

    • joeypeepee - Jun 28, 2014 at 11:33 PM

      You’re right, Melo’s not Lebron, or close to it. But he would be a clear upgrade from Parsons. And players of Melo’s caliber don’t become available every year. That’s why Houston will give it a shot. Parsons is a very good player who will probably continue to get better. But Melo is a star in his prime, hungry to win a championship. Having 3 top 10 (arguably) players is very enticing.

    • bkbell3 - Jun 29, 2014 at 12:05 AM

      Yea neko123, what has Stockton and Malone done as a pro. They couldn’t get it done in college and they couldn’t get it done in Utah after many promising seasons. smh. We could try this with Barkley or many more players if you want. And no one in the league is lbj, not melo not Durant etc. so whats your point, 29 teams can’t have lbj so my god! what will they possibly do? How can anybody possibly be a contender with out lbj? I guess we should just shut down the league until lbj dies, or or or maybe just maybe we could put a hit out on him, yea, yea that’s the ticket.lol

  11. edavidberg - Jun 28, 2014 at 8:51 PM

    Houston may lose him if another team overpays him. I can see him getting $10 million plus a year from a team with cap room.

    • rohlo - Jun 28, 2014 at 10:17 PM

      he cant just leabe,he is restricted free agent,not an un-restricted free agent!

  12. campcouch - Jun 28, 2014 at 11:51 PM

    He may be good as gone anyways. Ego is a powerful thing and being jerked because the team is hoping to land another player..who plays your position BTW, can leave a bruise. 17 ppg and 6 rpg will get him a starting spot and paid elsewhere.

    • Hard On For Harden - Jun 28, 2014 at 11:57 PM

      Oh yeah, those same teams that passed on him in the draft rushing in to save the day. Give me a break.

    • ddarqwon - Jun 29, 2014 at 12:09 AM

      I’m pretty sure it’s safe to assume that Parsons is in the loop with what Houston is trying to do, especially given that he said as much when this news first broke three weeks ago.

    • bkbell3 - Jun 29, 2014 at 12:12 AM

      camp if they can clear cap and somehow sign melo and be under the cap after then resign parsons to as much as they want and exceed the cap and give him a nice raise a year sooner and not risk letting him become an unrestricted free agent by picking up his option this year. Also by making him restricted this year they can let the market set his price and his cap hold is still low. Yes there is a chance that someone offers something stupid but if teams know that Houston will match almost anything reasonable they wouldn’t want to put a hold on their cap space while parson mulls over their offer.

  13. willardj - Jun 29, 2014 at 12:44 AM

    Hinkie and the Sixers will give him an offer he cant refuse. Under the guise of tanking, Lord Hink will secretly build a competitive team.

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