Jul 9, 2014, 7:08 PM EDT
The Houston Rockets made a calculated risk when they declined Chandler Parsons’ team option and made him a restricted free agent this offseason rather than letting him becoming an unrestricted free agent next summer.
Had Houston simply picked up Parsons’ option, he would have counted safely at just $964,750 against the cap this offseason. Instead, he counts at $2,875,130 until his new contract goes into effect. When it does, his 2014-15 salary will become his cap number, and that will be much higher.
Essentially the Rockets were betting Parsons would patiently wait an offer. Houston would sign an outside free agent first and then exceed the cap to re-sign Parsons.
That plan might have backfired.
Marc Stein of ESPN:
David Aldridge of NBA.com:
On a three-year contract, Parsons’ max is $46,164,000, so this is a max contract or close to it. Parsons’ max starting salary is $ 14,725,359 – a heck of a lot more than $2,875,130.
The easy path for the Rockets is signing a top free agent during the 72-hour period they have to match, and then they can go over the cap to keep Parsons.
But that’s predicated on other free agents deciding so quickly. Houston might not get everything to line up so conveniently.
If the Rockets match, they’ll be out of the race for any elite free agents and likely anyone who commands more than the mid-level exception. Carmelo Anthony reportedly plans to re-sign with the Knicks, so there’s likely no dilemma there.
Daryl Morey backed himself into a corner.
The Mavericks might be hamstringing themselves, too. That’s a lot of money to pay Parsons if Houston doesn’t match – though, if Gordon Hayward deserves a max contract, Parsons probably does, too. Those two have similar value.
For the most part, I like the deal for Dallas, even if it hinders long-term flexibility. The Mavericks are trying to maximize Dirk Nowitzki’s final years. Trading for Tyson Chandler was a good step, and this would be another. Parsons is a solid all-around player who immediately makes the team better.
Plus, if the Rockets match and miss out on a premier free agent, Mark Cuban can take pride in making life difficult for a rival.
May 29, 2015, 12:43 PM EDT
Believable, but is that why it’s believed?
May 29, 2015, 12:04 PM EDT
Varejao was slated to miss the entire season with an Achilles tear
May 29, 2015, 11:17 AM EDT
NBA gives Rockets center a flagrant foul, rescinds technical fouls for him and Andrew Bogut
May 29, 2015, 10:54 AM EDT
Contract negotiations reportedly ongoing
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May 29, 2015, 10:21 AM EDT
My money is on Davis outlasting Pelicans’ next coach in New Orleans
May 29, 2015, 9:45 AM EDT
Gokul Venkatachalam predicts Cavaliers in 6
May 29, 2015, 9:08 AM EDT
Iowa State coach reportedly had concerns about NBA jump due to health
May 29, 2015, 8:30 AM EDT
They want Fred Hoiberg, but does he want them?
Report: Kevin Love going to “look around” this summer as free agent; Celtics, Lakers, Rockets possible
May 29, 2015, 8:00 AM EDT
I expect Love will stay with the Cavaliers this summer, but a lot of people around the league are not so convinced.
John Wall kicked off plane in Las Vegas after someone in his group allegedly threatened another passenger
May 29, 2015, 12:30 AM EDT
No charges were filed, but …
Bulls GM: Permission would have been granted for other teams to talk to Thibodeau, but ‘nobody called’
May 28, 2015, 11:30 PM EDT
Maybe because they knew Thibodeau would be available eventually.
May 28, 2015, 10:30 PM EDT
Tough to see him as a stronger candidate than at least two others. Unless …
May 28, 2015, 9:45 PM EDT
Thompson was throwing up after the game.
May 28, 2015, 9:00 PM EDT
Players supposedly said they’d avoid team facility this summer if Thibodeau remained the head coach.
May 28, 2015, 8:15 PM EDT
How this was handled raises questions.
May 28, 2015, 7:30 PM EDT
Thibodeau was fired as Bulls head coach on Thursday.
May 28, 2015, 6:45 PM EDT
Wade wants a bigger contract when he opts out this summer.
May 28, 2015, 6:00 PM EDT
The 2012 first-round pick has played in three NBA games.
May 28, 2015, 5:15 PM EDT
Okay Bulls, now find someone better.
Bulls front office on Tom Thibodeau firing: “We probably wouldn’t be sitting here if we won a championship”
May 28, 2015, 4:28 PM EDT
The team believes not beating the Cavaliers was a missed opportunity.
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- PBT Extra: Did Chicago make the right move in firing Thibodeau? 23
- Bulls front office on Tom Thibodeau firing: “We probably wouldn’t be sitting here if we won a championship” 11
- Bulls fire Tom Thibodeau 63
- Dwight Howard: “I’m still a champion. And I won’t let anyone tell me anything different.” 72
- Rockets had an excellent season. Are they content with that? 22