won't pick up Chandler Parsons' option

[ElNono]

474015745743921156

[Robz4000]

Looks like they're going all in for Fatmelo...

:lol Rockets

[TheGoldStandard]

Rockets reek of desperation as long as McHale is manning that ship they are doomed.

[baseline bum]

Looks like they're going all in for Fatmelo...

:lol Rockets

Nah man, they have like $3.5 million in capspace by not picking up the options on Parsons nor Beverley.

[sexinthatsx]

I can't believe they're letting Parsons go, dude is a STUD

[Franklin]

seems like they wanna keep him for long term whatever the price. If they picked the option Chandler would be pissed working another year as a cheap labor and would surely be gone when becoming a free agent next year, but now by not picking the option the Lockets can match whatever offer Chandler receives. seems Les finally decided to begin spending, tbh.

[Chinook]

It could be a shrewd move, honestly. If the Rockets want to acquire a Melo/Love, S&Ting Parsons could add some ballast to make the deal happen. (Although they should just move Asik simultaneously.) If they want to keep him, allowing him to have an RFA year will help them set his long-term market while not really running the risk of losing him. It's not like Houston really cares how much Parsons makes next year, as they don't have cap space no matter what.

That said, they could be letting him go. We'll have to wait until July to see if he gets a QO. It's sort of weird if they let him walk, seeing as there would have definitely been a market for him. Also, his TO wasn't even guaranteed, so they could have cut him if they needed cap space even after picking up the option.

[Franklin]

if Chandler and Asik get packed and traded to NY then Dallas can make a move to bring back another Chandler- the Big Daddy Chandler, tbh. NY wouldn't need two hardcore defensive centers on the same squad, TC and Asik are both too good to be subs imho.

[RsxPiimp]

:lmao Dwight's recruiter

:lmao loyalty

[Kidd K]

lolwut? Parsons is good. They better keep his ass tbh

[The Batman]

lolwut? Parsons is good. They better keep his ass tbh
In one scenario, Houston could secure three max-out players – including Howard, Harden and a potential star free agent – and then re-sign Parsons to an extension below the max-level range. Parsons could command in the $12 million to $13 million annual range, league executives tell Yahoo Sports.


I told some of you dumbasses the kind of contract Parsons could command.

[The Batman]

Btw, this does make zero sense unless someone else in signing. It would destroy 2015 cap space to match a max offer for Parsons.

[The Batman]

In perhaps the clearest sign of the Rockets’ plans for free agency next month, the Rockets are likely to allow forward Chandler Parsons to become a restricted free agent in the hopes that they could sign a major free agent and then go over the salary cap to retain Parsons, a person with knowledge of their thinking said on Tuesday.

Yahoo Sports first reported on Tuesday that the Rockets have decided not to pick up their option on a fourth season on Parsons’ contract. A person with knowledge of the Rockets thinking said that a decision about Parsons’ contract has not been finalized, but that the team is “leaning towards” having him become a free agent this summer.

That individual emphasized that if the team becomes too concerned that Parsons will receive too great a contract this summer, the Rockets could still opt to keep him under his rookie contract for one more season. The uncertainty about what sort of deal Parsons would receive, he said, has the team more likely to make him a free agent.

By making him a free agent this off-season, rather than after the 2014-15 season, and making a qualifying offer, the Rockets would be able to match any offer sheet Parsons signs. Rockets general manager Daryl Morey said last month that Parsons would be back with the Rockets next season.

The Rockets have until June 30 to pick up their option on Parsons’ contract for next season. Worth $964,750, it would be one of the top bargains in the NBA, but Parsons would then become an unrestricted free agent after the 2014-15 season.

If the Rockets were to pursue a top free agent after that season, it would be much more difficult to sign an expensive free agent and keep Parsons than would be this off-season when they would be able to match any offer he receives. A decision to allow Parsons to become a free agent this summer would indicate some confidence that they can sign a top free agent next month and would not have to wait until after next season.

The Rockets are expected to pursue the top free agents this summer – including LeBron James, Chris Bosh, Carmelo Anthony and Dirk Nowitzki – if each opts out of contracts and will consider the Rockets. To have that sort of cap room, the Rockets would have to move several contracts, likely including Jeremy Lin and Omer Asik, especially if Parsons is a free agent because of the cap hold necessary for the Rockets to retain their rights to match offers for him.

According to an individual familiar with the Rockets’ plans, they are confident they would be able to move Lin and Asik’s contracts because unlike their failed efforts to trade Asik last season, they would be looking to clear cap room, rather than bring back rotation players with similar contracts .

Parsons, the Rockets’ third-leading scorer last season, has said he wants to return to the Rockets next season. When asked this week on Twitter if he expects to be back, he answered to ask Morey.

http://blog.chron.com/ultimaterockets/2014/06/rockets-begin-to-show-hand-for-free-agency-plans/#23623101=0

[TDMVPDPOY]

In one scenario, Houston could secure three max-out players – including Howard, Harden and a potential star free agent – and then re-sign Parsons to an extension below the max-level range. Parsons could command in the $12 million to $13 million annual range, league executives tell Yahoo Sports.


I told some of you dumbasses the kind of contract Parsons could command.

no way this clown is worth 12-13m a season, if his getting that, then kawhi should be worth more asking more

[The Batman]

474043196826079233

474043699815399425

[The Batman]

no way this clown is worth 12-13m a season, if his getting that, then kawhi should be worth more asking more
True.

[The Batman]

Nate Duncan NateDuncanNBA · 9m
Uninformed speculation: Maybe Rox and Parsons essentially struck a deal on his next contract in exchange for letting him out early.

Nate Duncan NateDuncanNBA · 8m
I.e., in exchange for declining option he agrees to re-sign with them for agreed upon price w/out soliciting other offers. Just a guess.

Nate Duncan NateDuncanNBA · 5m
Risk is he pulls a Boozer, but perhaps there's enough of a comfort level there. Again, this is just a possibility I'm considering

Nate Duncan NateDuncanNBA · 3m
Mild support for theory: Morey has said Parsons has asked what way they could pay him sooner. Maybe this was fruit of those discussions.


Nate Duncan NateDuncanNBA · 1m
To those asking, yes it would be similar to Boozer situation. That's why there'd have to be a comfort level there.

[Kidd K]

In one scenario, Houston could secure three max-out players – including Howard, Harden and a potential star free agent – and then re-sign Parsons to an extension below the max-level range. Parsons could command in the $12 million to $13 million annual range, league executives tell Yahoo Sports.


I told some of you dumbasses the kind of contract Parsons could command.

Parsons is not going to get 12-13m a year. He is a 7-9m guy.

[Dex]

Nate Duncan NateDuncanNBA · 9m
Uninformed speculation: Maybe Rox and Parsons essentially struck a deal on his next contract in exchange for letting him out early.

Nate Duncan NateDuncanNBA · 8m
I.e., in exchange for declining option he agrees to re-sign with them for agreed upon price w/out soliciting other offers. Just a guess.

Nate Duncan NateDuncanNBA · 5m
Risk is he pulls a Boozer, but perhaps there's enough of a comfort level there. Again, this is just a possibility I'm considering

Nate Duncan NateDuncanNBA · 3m
Mild support for theory: Morey has said Parsons has asked what way they could pay him sooner. Maybe this was fruit of those discussions.


Nate Duncan NateDuncanNBA · 1m
To those asking, yes it would be similar to Boozer situation. That's why there'd have to be a comfort level there.

So this is like what happened with Boozer right?

[Franklin]

Parsons is not going to get 12-13m a year. He is a 7-9m guy.
But if he had yellow skin (like Rin) he would easily get a MAX in Whoreston imho.

[Kidd K]

But if he had yellow skin (like Rin) he would easily get a MAX in Whoreston imho.

I don't think he'd get a max deal, but yeah sadly he would be getting more in that case

[DAF86]

Would like on the Spurs, tbh.

[spurraider21]

if they had already "agreed to a deal" they would have signed him to an extension... thats a bogus theory

[Chinook]

if they had already "agreed to a deal" they would have signed him to an extension... thats a bogus theory

Not really. Let's say they agree to something like $50M/5. There's a big difference between giving that deal straight (after declining his option) and giving it to him as an extension, where the final four years would total at $49 Million as opposed to somewhere between $38M and $41M. Also, an extension means Parsons would have to wait another year to get his millions. For a guy only making a little over $900k, that's a big difference.

[djohn2oo8]

if they had already "agreed to a deal" they would have signed him to an extension... thats a bogus theory
Not necessarily. They could be waiting to see who they can get in free agency before matching Chandler's contract or agreeing to an extension before going over the luxury tax. They won't sign him until they see if Melo, Love, or Dirk comes. Whoever they are wanting.

[spurraider21]

under the table "agreements" can end badly though

[Chinook]

Indeed they can, since they aren't enforceable. The Spurs could have decided to renege on their agreement with Richard Jefferson and not re-signed him when he opted out. They would have lost a ton of face doing so, however, just like Boozer did.

[spurraider21]

yeah, i remember how baffled/excited i was when i first heard RJ had opted out, only to shortly after read they were going to sign him again