Report: RFA Parsons, Mavs reach agreement

Report: RFA Parsons, Mavs reach agreement
July 9, 2014, 6:00 pm
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With the free agent moratorium about to conclude, both the Associated Press and ESPN are reporting that Rockets restricted free agent Chandler Parsons has signed a three-year offer sheet with the Mavericks, worth in excess of $45 million.

If that's the case, this means the Rockets would then have three days to match the offer.

The only realistic way for the Rockets to keep Parsons and add Chris Bosh is to sign Bosh before the three-day window ends. In order to sign Bosh, they'd have to clear the necessary cap space, which would include trading away Jeremy Lin.

Parsons made a little less than $1 million in each of his first three seasons and Rockets declined the option on his contract to keep his salary at around $950,000 for the upcoming season. They did so because they preferred to have him become a restricted free agent this offseason, when they would be able to match any contract he could find, rather than have Parsons become an unrestricted free agent following next season and run the risk of losing him.

This offseason, the Rockets have tried to lure free agents Carmelo Anthony and Bosh to Houston with offers of four-year deals, worth somewhere between $80 and $96 million dollars. At the same time, the team has maintained their intention to match any deal Parsons might get.