The Houston Rockets have officially declined Chandler Parsons‘ 4th-year option making him a restricted free agent this summer, according to Marc J. Spears (Yahoo Sports).
The Rockets have told Chandler Parsons they have officially declined his 4th-year option next season thus making him a RFA, a source said.
— Marc J. Spears (@SpearsNBAYahoo) June 28, 2014
Adrian Wojnarowski (Yahoo Sports) originally reported in early June that the Rockets were planning on declining Parsons’ option, and they officially did so on Saturday.
The Rockets could have kept Parsons for next season at just under $1 million, however by doing so, Parsons would have then went straight to unrestricted free agency and the Rockets wouldn’t have been able to control his future. By declining Parsons’ option, the Rockets will allow Parsons to seek the best deal possible from other teams, and the Rockets have the ability to match any offer Parsons receives.
Parsons likely won’t sign any offer sheet until the Rockets make their moves in free agency. Once finished with their moves, they can sign Parsons to a deal that puts them over the salary cap if necessary.
The Rockets could also entertain sign-and-trade scenarios with Parsons. If the Rockets strike out in the LeBron James and Carmelo Anthony sweepstakes, the Rockets could look to sign-and-trade Parsons to the Minnesota Timberwolves for Kevin Love. Other scenarios would be in play as well.
Making Parsons an RFA was just one small move of a much larger offseason plan for the Rockets.
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