Report: Mavericks, Chandler Parsons agree on 3-year, $46-million offer sheet
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With Carmelo Anthony reportedly returning to New York, and LeBron James deciding between the Miami Heat and Cleveland Cavaliers, the Dallas Mavericks have switched to plan B - Chandler Parsons.
ESPN sources say Mavericks and Rockets RFA Chandler Parsons have reached agreement on three-year offer sheet worth in excess of $45 million
— Marc Stein (@ESPNSteinLine) July 9, 2014
Restricted free agent Parsons, I'm told, will sign deal early Thursday ... after which Houston will have three days to match Dallas' offer
— Marc Stein (@ESPNSteinLine) July 9, 2014
Chandler Parsons is finalizing a three-year, $46 million offer sheet with Dallas, league source tells Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014
Houston and Parsons, a restricted free agent, negotiated throughout day, but were unable to come to an agreement on a deal, sources said.
— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014
Parsons is a restricted free agent, and the Houston Rockets can match any deals floated his way. As noted by Stein, the Rockets will have three days in their decision to match. Marc Spears of Yahoo Sports notes that Parsons will sign shortly after midnight on Thursday.
The move has ramification for both the Mavericks and Rockets' cap. After Parsons signs, Dallas' cap space will be largely consumed by Parsons' deal, while the Rockets will still retain theirs until they choose to match.
The Rockets are reportedly interested in bringing in another free agent in addition to re-signing Parsons, meaning they will have 72 hours to consummate an agreement.
The 25-year-old is an up-and-coming small forward who averaged 16.6 points, 5.5 rebounds and four assists per game. He is a strong perimeter defender and can reliably knock down three-pointers. He was reportedly attracted to Dallas due to their apparent willingness to play up-tempo.
The contract will also include a 15 percent trade kicker, per Yahoo Sports.
If you've ever wondered how a deal comes together, by the way...
Pay The Guy!!! @mcuban @ChandlerParsons @WojYahooNBA @SpearsNBAYahoo @ESPNSteinLine @GoodmanESPN pic.twitter.com/K0kLUfuPPl
— Daniel Morgan (@DmoSwag) July 10, 2014