Woj: Rockets decline Parson's options to go after a 3rd star (ex. Love)

[Lucky17]

For the life of me, Id never thought they'd do this. It makes room for Melo if they send him via sign and trade, but Chandler Parsons, he's a good player, but I don't think he's really head and shoulders above Gallinari or Batum.

And the rules regarding cap holds are not in Houston's favor. The minute one of Parsons's suitors put an offer officially to Parsons, that's his new cap hold. If any team wants to offer a starting salary in the $10 million range, that's Parsons's cap hold. Houston can than renounce their rights, and still move him via sign and trade, but they can't retain him without leaving his cap hold on the books.

If Houston wanted to create cap space, they could just cut Covington and Daniels, at no cost, and create the same amount as Parsons's option, which still counts as their cap hold, and then some.

So basically, it really only makes sense if they're trying to move him via sign and trade, unless I'm missing something.

How long will the bidding period on Parsons last though? As a RFA, won't the time between the first bid is received and the last minute Houston can officially match still provide a large enough window to land an unrestricted FA in between, assuming Houston has already dumped Asik and Lin?

[RJ87]

Parsons can command $12 -$13 mil? Seems a little high for him, no?

In this economy, no. He's pretty well rounded as a player and relatively efficient. If you have the pieces in place, it's a worthy gamble. I can def see a team like New Orleans trying to work a sign and trade, or the Phoenix making a run at him. He could be an intriguing option for the Lakers and Cavs if neither of those teams pull a big fish.

I can't imagine he won't at least get 10/yr. 12-13 seems reasonable given just how reliable and well-rounded he really is. Is there a team in the NBA that wouldn't at least be interested in him at the right price? He is the kind of player a great team needs to fill up a stat sheet without being too selfish about it.

Exactly.  I actually think he's underappreciated by general NBA fans because he plays next to Dwight and Harden. Which is why this move is odd on Houston's part. He will generate a lot of interest from other teams nd it takes away a trade asset for the time being.

[pearljammer10]

For the life of me, Id never thought they'd do this. It makes room for Melo if they send him via sign and trade, but Chandler Parsons, he's a good player, but I don't think he's really head and shoulders above Gallinari or Batum.

And the rules regarding cap holds are not in Houston's favor. The minute one of Parsons's suitors put an offer officially to Parsons, that's his new cap hold. If any team wants to offer a starting salary in the $10 million range, that's Parsons's cap hold. Houston can than renounce their rights, and still move him via sign and trade, but they can't retain him without leaving his cap hold on the books.

If Houston wanted to create cap space, they could just cut Covington and Daniels, at no cost, and create the same amount as Parsons's option, which still counts as their cap hold, and then some.

So basically, it really only makes sense if they're trying to move him via sign and trade, unless I'm missing something.

I can't make any sense of it either. Parsons at under 1 mil for next year is an amazing fourth option next to Harden, Howard, Love/Melo. Why not keep him for the year at his option and then be able to sign him without matching an offer sheet in the next season?

And if they move him in a sign and trade would his contract be able to match Love's or Melo's for next year? Not at the 12-13 mil range, which is an over payment, and unless they'll have the cap room to take him?

[indeedproceed]

The thing is, if Danny misses on Love, he could easily pursue another player, or another asset outside of Asik/Lin, they'll really have a tough time acquiring a 3 to replace Parsons. There may be another team out there with both the cap room or exceptions to absorb the Lin/Asik contracts, but also the incentive, but I can't think of one off-hand.

So if that's the case, and Houston really does need Boston, I'm not sure this impacts out chances of getting Love one way or another.

[saltlover]

I think people are getting out of control here.  Parsons has a cheap option, yes.  But his cap hold is like $1.7 mil.  Still cheap.  However, he's also a restricted free agent.  Next year, if they exercised his option, he'd be unrestricted, and could go elsewhere without the rockets having a chance to match.  This move will help them keep Parsons long term, without costing much cap room.  Sure, it also opens up a sign-and-trade if Parsons wants to be part of that, but mostly it means Parsons can't leave without the Rockets getting right of first refusal.  It also probably creates goodwill with Paraons, who will get a big raise this offseason, instead of next offseason.  It has very little to do with their machinations towards Melo, Love, or any other player the Celtics might be interested in.

[indeedproceed]

For the life of me, Id never thought they'd do this. It makes room for Melo if they send him via sign and trade, but Chandler Parsons, he's a good player, but I don't think he's really head and shoulders above Gallinari or Batum.

And the rules regarding cap holds are not in Houston's favor. The minute one of Parsons's suitors put an offer officially to Parsons, that's his new cap hold. If any team wants to offer a starting salary in the $10 million range, that's Parsons's cap hold. Houston can than renounce their rights, and still move him via sign and trade, but they can't retain him without leaving his cap hold on the books.

If Houston wanted to create cap space, they could just cut Covington and Daniels, at no cost, and create the same amount as Parsons's option, which still counts as their cap hold, and then some.

So basically, it really only makes sense if they're trying to move him via sign and trade, unless I'm missing something.

How long will the bidding period on Parsons last though? As a RFA, won't the time between the first bid is received and the last minute Houston can officially match still provide a large enough window to land an unrestricted FA in between, assuming Houston has already dumped Asik and Lin?

They will be able to match it, but until they renounce his rights, his cap hold goes to the highest bid, unless I'm misunderstanding the CBA.

[BleedGreen1989]

Not all that surprised really.

[SparzWizard]

Don't go to Houston, Love! You can't win any championships with Dwight Howard in that pathetic roster.

Just ask Portland what happened 

[Lucky17]

For the life of me, Id never thought they'd do this. It makes room for Melo if they send him via sign and trade, but Chandler Parsons, he's a good player, but I don't think he's really head and shoulders above Gallinari or Batum.

And the rules regarding cap holds are not in Houston's favor. The minute one of Parsons's suitors put an offer officially to Parsons, that's his new cap hold. If any team wants to offer a starting salary in the $10 million range, that's Parsons's cap hold. Houston can than renounce their rights, and still move him via sign and trade, but they can't retain him without leaving his cap hold on the books.

If Houston wanted to create cap space, they could just cut Covington and Daniels, at no cost, and create the same amount as Parsons's option, which still counts as their cap hold, and then some.

So basically, it really only makes sense if they're trying to move him via sign and trade, unless I'm missing something.

How long will the bidding period on Parsons last though? As a RFA, won't the time between the first bid is received and the last minute Houston can officially match still provide a large enough window to land an unrestricted FA in between, assuming Houston has already dumped Asik and Lin?

They will be able to match it, but until they renounce his rights, his cap hold goes to the highest bid, unless I'm misunderstanding the CBA.

IP, are you sure about this? I know that offer sheets extended to other teams' RFAs must be accounted for with cap holds while the bids are out.

http://www.cbafaq.com/salarycap.htm#Q14

But I think that while Parsons fields bids, his cap hold is only the QO that Houston must extend to him to own the right of first refusal, no?

[rondohondo]

The Houston Rockets plan to decline the fourth-year option on forward Chandler Parsons' contract, freeing him to become a restricted free agent this summer, league sources told Yahoo Sports.

The Rockets are pursuing Minnesota's Kevin Love in trade talks too, and Parsons could hold sign-and-trade possibilities.

In one scenario, Houston could secure three max-out players ? including Howard, Harden and a potential star free agent ? and then re-sign Parsons to an extension below the max-level range. Parsons could command in the $12 million to $13 million annual range, league executives tell Yahoo Sports.

http://sports.yahoo.com/news/sources--rockets-will-decline-chandler-parsons--option-making-him-a-restricted-free-agent-022721563-nba.html

Still don't se how anyone can top the c's offer

Parsons and lin or asik only makes the Wolves a middle of the pack team. They won't get a lottery pick for 2015 because they will be to good , but won't be good enough tho make the playoffs in the West.

Same with the GSW trades. Even if they offer Thompson and Lee, they will bea mediocre team, also won't be able to get a lottery pick , and will have to resign them eventually taking up valuable cap space .

With the C's offer , they get Sully (who is on a rookie contract for 2 more years, a lottery pick this year, a lottery pick next year because they won't be a playoff team, plus 2 more 1st rd picks , and the ability to shed some of their long term contracts.

C's clearly have the best offer IMO

[indeedproceed]

For the life of me, Id never thought they'd do this. It makes room for Melo if they send him via sign and trade, but Chandler Parsons, he's a good player, but I don't think he's really head and shoulders above Gallinari or Batum.

And the rules regarding cap holds are not in Houston's favor. The minute one of Parsons's suitors put an offer officially to Parsons, that's his new cap hold. If any team wants to offer a starting salary in the $10 million range, that's Parsons's cap hold. Houston can than renounce their rights, and still move him via sign and trade, but they can't retain him without leaving his cap hold on the books.

If Houston wanted to create cap space, they could just cut Covington and Daniels, at no cost, and create the same amount as Parsons's option, which still counts as their cap hold, and then some.

So basically, it really only makes sense if they're trying to move him via sign and trade, unless I'm missing something.

How long will the bidding period on Parsons last though? As a RFA, won't the time between the first bid is received and the last minute Houston can officially match still provide a large enough window to land an unrestricted FA in between, assuming Houston has already dumped Asik and Lin?

They will be able to match it, but until they renounce his rights, his cap hold goes to the highest bid, unless I'm misunderstanding the CBA.

IP, are you sure about this? I know that offer sheets extended to other teams' RFAs must be accounted for with cap holds while the bids are out.

http://www.cbafaq.com/salarycap.htm#Q14

But I think that while Parsons fields bids, his cap hold is only the QO that Houston must extend to him to own the right of first refusal, no?

My understanding is that RFA's have 'offer sheets', as soon as one is offered, that's the new cap hold.

[saltlover]

For the life of me, Id never thought they'd do this. It makes room for Melo if they send him via sign and trade, but Chandler Parsons, he's a good player, but I don't think he's really head and shoulders above Gallinari or Batum.

And the rules regarding cap holds are not in Houston's favor. The minute one of Parsons's suitors put an offer officially to Parsons, that's his new cap hold. If any team wants to offer a starting salary in the $10 million range, that's Parsons's cap hold. Houston can than renounce their rights, and still move him via sign and trade, but they can't retain him without leaving his cap hold on the books.

If Houston wanted to create cap space, they could just cut Covington and Daniels, at no cost, and create the same amount as Parsons's option, which still counts as their cap hold, and then some.

So basically, it really only makes sense if they're trying to move him via sign and trade, unless I'm missing something.

How long will the bidding period on Parsons last though? As a RFA, won't the time between the first bid is received and the last minute Houston can officially match still provide a large enough window to land an unrestricted FA in between, assuming Houston has already dumped Asik and Lin?

They will be able to match it, but until they renounce his rights, his cap hold goes to the highest bid, unless I'm misunderstanding the CBA.

IP, are you sure about this? I know that offer sheets extended to other teams' RFAs must be accounted for with cap holds while the bids are out.

http://www.cbafaq.com/salarycap.htm#Q14

But I think that while Parsons fields bids, his cap hold is only the QO that Houston must extend to him to own the right of first refusal, no?

Correct.  His cap hold is his QO, 190% of his previous salary, so $1.76 million.  My opinion is that if the Rockets have a deal with a free agent for cap space worked out, Parsons will delay signing a QO until that had worked out, so that he stays in Houston, thus allowing them to extend their cap space. This is the quid pro quo, because Houston has every right to keep him for the minimum next year, but would then risk him leaving as an unrestricted free agent.  It is not to clear cap room for signing a star.

[saltlover]

The Houston Rockets plan to decline the fourth-year option on forward Chandler Parsons' contract, freeing him to become a restricted free agent this summer, league sources told Yahoo Sports.

The Rockets are pursuing Minnesota's Kevin Love in trade talks too, and Parsons could hold sign-and-trade possibilities.

In one scenario, Houston could secure three max-out players ? including Howard, Harden and a potential star free agent ? and then re-sign Parsons to an extension below the max-level range. Parsons could command in the $12 million to $13 million annual range, league executives tell Yahoo Sports.

http://sports.yahoo.com/news/sources--rockets-will-decline-chandler-parsons--option-making-him-a-restricted-free-agent-022721563-nba.html

Still don't se how anyone can top the c's offer

Parsons and lin or asik only makes the Wolves a middle of the pack team. They won't get a lottery pick for 2015 because they will be to good , but won't be good enough tho make the playoffs in the West.

Same with the GSW trades. Even if they offer Thompson and Lee, they will bea mediocre team, also won't be able to get a lottery pick , and will have to resign them eventually taking up valuable cap space .

With the C's offer , they get Sully (who is on a rookie contract for 2 more years, a lottery pick this year, a lottery pick next year because they won't be a playoff team, plus 2 more 1st rd picks , and the ability to shed some of their long term contracts.

C's clearly have the best offer IMO

It doesn't help the Rockets offer for Love because why is Parsons signing in Minnesota, when he'll certainly have other options, like Chicago, maybe Lakers, even Washington or Charlotte?  Maybe he'd agree to go to NY in a Melo deal, because it's NY and Phil Jackson gives them credibility, but no way does Chandler Parsons end up in Minnesota.

[j804]

How does this effect us and our chances at Love?

[saltlover]

How does this effect us and our chances at Love?

It doesn't.  Small chance it affects our chances at Melo, but that largely depends how great you think our chances are to begin with.