Why Chandler Parsons Being an RFA is a Good Thing
Rumors have come down that the Rockets will decline Chandler Parsons‘ 4th year, making him a restricted free agent. Many Rockets (Parsons?) fans were devastated to hear this news.
They fail to realize, however, that this is a great situation for the Rockets to be in. In making Chandler Parsons a restricted free agent, the Rockets will be able to match any offer that is thrown at him this summer.
If the Rockets had let Parsons keep playing on his current contract, he would be able to sign with any team he wanted in the summer of 2015, and the Rockets couldn’t have matched the offer. There are a few other benefits that aren’t so obvious, though.
1. The Rockets can add a 3rd All-Star
By declining the 4th year of Parsons’ contract, the Rockets have suggested that they will be able to dump the contracts of Jeremy Lin and Omer Asik, who will hit the cap for a combined approximate of $17 million.
In doing so, they’ll have the money to sign a 3rd All-Star to play next to James Harden and Dwight Howard. After doing so, the Rockets can match whatever offer Chandler Parsons gets and enter the luxury tax.
2. If the Rockets stay over the cap, they will keep their Mid-Level Exception.
A Mid-Level Exception is essentially a yearly stipend that teams can use to sign players. If the Rockets are over the cap, they will have about $5.5 million to spend on another free agent. If they fall under the salary cap, they will only have about $1.5 million.
Sean Highkin of hardwoodparoxysm.com made a pretty good suggestion for the Rockets to sign with their MLE — Shawn Marion.
Adding someone like Shawn Marion to the Rockets would cover a big hole in the Rockets’ lackluster (non-existent?) perimeter defense.
3. The Rockets can KEEP Chandler Parsons!
I know, it’s crazy, right? All the tweets from fans thinking this was the end of Chandler Parsons‘ career in Houston. All the sadness of fan girls crazed by Chandler Parsons’ hair. All the intangibles he brings to the Rockets.
Well guess what Rockets fans? Parsons is going to be with the Rockets after all.
Les Alexander has made it very clear that he has no problem going over the salary cap and paying the luxury tax to win a championship. The Rockets’ front office will spare some extra money to take this team to the NBA Finals.
The Rockets are a win-now team, and keeping Chandler Parsons will only help their efforts to take home a title.