Rockets will not pick up Chandler Parsons' player option..

[Yenohb]

http://probasketballtalk.nbcsports.com/2014/06/28/report-rockets-will-not-pick-up-chandler-parsons-player-option-hell-be-restricted-free-agent/?ocid=Yahoo&partner=ya5nbcs

I hope we can find a trade partner for Jeff Green and sign Parsons as our starting SF. He is a much better fit on Steven's motion offense.

[gar]

Love Parsons. Would be a great addition. Can't we just "waive" Wallace.

[Waew]

mannix: Wouldn't be surprised if Boston tries to make a big offer to at least make Houston match an offer on him.

[Lucky17]

Change thread title, please. This is NOT what the Rockets are doing.

From the article:

By declining the option now his cap hold goes up some (to $2.9 million, because he met starter criteria), but the Rockets have the right to match any offer, plus it makes him a very valuable sign-and-trade piece to help get a free agent.

[BudweiserCeltic]

I have NO interest in Parsons, completely over-hyped at this point and those that will get him, if any, will regret it severely for overpaying for him.

[footey]

I have NO interest in Parsons, completely over-hyped at this point and those that will get him, if any, will regret it severely for overpaying for him.

I agree.  He would just clutter our payroll. He is a decent piece if you are one decent piece from a title team.  But otherwise a salary eater.

[Future Celtics Owner]

Maybe do a s and t or something. I was just thinking about trying to acquire him and then trading him to the Hornets.

[Yenohb]

Change thread title, please. This is NOT what the Rockets are doing.

From the article:

By declining the option now his cap hold goes up some (to $2.9 million, because he met starter criteria), but the Rockets have the right to match any offer, plus it makes him a very valuable sign-and-trade piece to help get a free agent.

Fixed.

[saltlover]

Change thread title, please. This is NOT what the Rockets are doing.

From the article:

By declining the option now his cap hold goes up some (to $2.9 million, because he met starter criteria), but the Rockets have the right to match any offer, plus it makes him a very valuable sign-and-trade piece to help get a free agent.

Seriously, this has been out there for awhile people.  Parsons cap hold is small, less than $1.8 million, as a free agent.  Declining his option makes him a restricted fee agent, and only takes up $800k more than it otherwise would have.  Being a restricted free agent means the rockets can match any offer, and also means they've done parsons a favor by letting him earn what he's worth a year earlier, so he'll be more likely to want to stay.  If they picked up the option, he'd be unrestricted next year, and there's a greater chance they would lose him.

[Future Celtics Owner]

Change thread title, please. This is NOT what the Rockets are doing.

From the article:

By declining the option now his cap hold goes up some (to $2.9 million, because he met starter criteria), but the Rockets have the right to match any offer, plus it makes him a very valuable sign-and-trade piece to help get a free agent.

Thanks. i should have read. i just texted my friends that chandler parsons is being cut....now I'm gonna retract it and they will call me rick bucker

[More Banners]

I have NO interest in Parsons, completely over-hyped at this point and those that will get him, if any, will regret it severely for overpaying for him.

I agree.  He would just clutter our payroll. He is a decent piece if you are one decent piece from a title team.  But otherwise a salary eater.

He seems to be a very good multi-skilled player...which means he's a starting wing, I guess.

As 3rd banana, he put up numbers.  So does Jeff Green.  Neiter can be more than 3rd banana.

[gar]

Change thread title, please. This is NOT what the Rockets are doing.

From the article:

By declining the option now his cap hold goes up some (to $2.9 million, because he met starter criteria), but the Rockets have the right to match any offer, plus it makes him a very valuable sign-and-trade piece to help get a free agent.

Seriously, this has been out there for awhile people.  Parsons cap hold is small, less than $1.8 million, as a free agent.  Declining his option makes him a restricted fee agent, and only takes up $800k more than it otherwise would have.  Being a restricted free agent means the rockets can match any offer, and also means they've done parsons a favor by letting him earn what he's worth a year earlier, so he'll be more likely to want to stay.  If they picked up the option, he'd be unrestricted next year, and there's a greater chance they would lose him.

Makes sense, did not think they would let him go without a fight.