8:00pm: Sign-and-trade talks between the two sides have ended without a deal, sources tell Marc Stein of ESPN.com (on Twitter).
6:25pm: The Rockets and Mavericks have expressed a willingness to try and hammer out a sign-and-trade deal, but it’s not clear if the league will allow them to do so, tweets Marc Stein of ESPN.com.
4:59pm: The Rockets have decided not to match the offer sheet Chandler Parsons signed with the Mavericks, tweets Jonathan Feigen of the Houston Chronicle. Parsons will now earn more than $46,084,500 over the next three seasons with Dallas, a figure slightly less than the maximum he could have received in an offer sheet over that timeframe.
The Rockets were hoping to land free agent Chris Bosh and also match the Mavs’ offer sheet for Parsons. However, when Bosh surprised Houston by returning to Miami, the Rockets decided to spend their money elsewhere.
Parsons will earn $14.7MM next season, $15.36MM in 2015/16 and $16.02MM in 2016/17 for a total of $46.08MM over three years. The third and final year of the deal includes a player option.
Houston chose to decline the extremely reasonable $960K team option for Parsons this season in a move that preserved their right to match offers for the third-year forward in restricted free agency rather than see him become an unrestricted free agent next summer.
uh why?
To get another SF.
my question was regarding the Rockets not matching the offer
Good fit in Dallas. They overpaid, but he’s a solid player who’s continuing to develop. He will fit in nicely with that team.
LOL this is why I talked about them getting greedy and what happens when you do that. They tried to save money for next year and the next couple by declining the option, and it backfired. As I’ve said, I dont understand why they felt they needed another star, or why people have spoken about that all year. They could have kept Parsons, signed Ariza, and they were in business. Instead, they dont have the star they wanted, they dont have Parsons, they dont have Lin. Good job
I wonder if Houston will turn their interest to Lance Stephenson now…
Maybe Mavs can send back a PF if a Trade is allowed.
They do have Brendan Wright. He only makes 5 mil and his contract expires after the upcoming season.
Richard Hamilton & Chandler Parsons will supplement the three point shooting the Mavs lost in Calderon and Vince
Rockets made a high-risk, high-reward decision to decline Parsons’s option. In hindsight, it backfired tremendously, if only because they now missed out on having another year of star player production for less than $1 million.
I’ll add that Parsons is a HUGE winner because of the Rockets’ wrong decision.