Post by b1ake on Jun 4, 2014 10:43:28 GMT -5
The Houston Rockets won't pick up the team option on forward Chandler Parsons' contract, making him a restricted free agent this summer, Yahoo! Sports has reported.
Parsons, 25, who averaged 16.6 points and 5.5 rebounds for the Rockets this season, could command $12 million to $13 million annually, the Yahoo! Sports report said, citing league executives.
The last year of Parson's contract is only worth $960,000. But according to the report, the Rockets would like to keep Parsons by matching any offer sheet he signs in July and by signing him to a long-term deal before he can become an unrestricted free agent next summer.
Declining to pick up the option on Parsons, who has expressed a strong desire to stay with the Rockets, could serve to fulfill a strategy in which they clear salary cap space in an effort to lure a player worth a third maximum free agent contract to join Dwight Howard and James Harden, Yahoo! Sports reported.
The deadline for the Rockets to formally decline the option is June 30.
Parsons, 25, who averaged 16.6 points and 5.5 rebounds for the Rockets this season, could command $12 million to $13 million annually, the Yahoo! Sports report said, citing league executives.
The last year of Parson's contract is only worth $960,000. But according to the report, the Rockets would like to keep Parsons by matching any offer sheet he signs in July and by signing him to a long-term deal before he can become an unrestricted free agent next summer.
Declining to pick up the option on Parsons, who has expressed a strong desire to stay with the Rockets, could serve to fulfill a strategy in which they clear salary cap space in an effort to lure a player worth a third maximum free agent contract to join Dwight Howard and James Harden, Yahoo! Sports reported.
The deadline for the Rockets to formally decline the option is June 30.
