Bottom line: As a restricted free agent, Chandler Parsons will count against the Rockets' cap (until he signs an offer sheet or a contract) at the amount of his qualifying offer, or $2,875,130. http://rockets.clutchfans.net/5862/chandler-parsons-contract-exercise-decline-team-option/ They can also withdraw their qualifying offer (by late July), "allow" Parsons to become unrestricted, in which case his cap hold would decrease to $1,760,350. No way the Rockets do this, though, unless they already have a deal agreed upon with Chandler but just need the extra $1 million or so in cap room. Either way, the Rockets don't lose Parsons's Bird rights.
I think what the potential huge increase in the cap does is give Morey the latitude to overpay Parsons to make him whole for being underpaid the first 3 seasons of his deal without running the team too deep into the luxury tax if at all.
If this is true this is 100% what I thought was going to happen, great teams do not let people walk for free - they find a way to keep their guys. And Morey has done this several times, with Lowry & Landry to name two. Good move, it will lock him up at market price. DD
This is unrelated but I was wondering if someone could answer this: If another team offers Parsons a Morey type of deal (backloaded contract), what can happen then? Would we match or pass? I'm assuming we would probably match because we can always trade him if a better opportunity arises in the near future, just like we are probably going to do to Lin and Asik...or am I wrong to assume this?
If lance is estimated to have deals in 7-8 million range even while being erratic and player like parsons is 10-11. Is he really worth that much? Also what if we strike out on all targets and end up having to run with the same team just with higher salaries that would suck. I hope morey really has a trump card. Also since he's restricted and has a cap hold of 2 mil and if we let go of the non guarenteed contracts as well as Asik and Lin don't we have around 18-19 mill to spend. If we do sign a target free agent and then match a huge offer for parsons we will be over the cap and get to use the mle. Maybe that's Moreys plan. also I can see a bunch of vets taking the minimum. That would be great for us but the stars have to align just right for this scenario which I believe he's going at.
You mean one where they offer Parsons 3yr/$25mil? Morey would match that in a second and do a little dance. Edit: Do want to add that what you're proposing is impossible under the CBA. What Morey did only applied to 2nd year FAs. It's really interesting how after the Asik/Lin signings, everyone seems to believe that teams can just backload contracts at will now. Morey truly is a trendsetter.
He can't be offered one, the Arenas rule, that allows the large increase after the 2nd year can only be offered to people with 1 or 2 years experience, Parsons has 3.
If there is an agreement in place, and the rockets are getting parsons his new contract a year earlier then I'd have to think our contract could come in about 2.5-3mill/yr lower than other teams offers simply because we'd be getting parsons 10 million sooner than we'd have to. So maybe he'd be okay with a 9 million/4 year contract from us instead of a 12 million/ 4 year contract from another team since we'd basically be giving him the difference in the form of an earlier new contract.
Teams cannot offer Parsons a poison pill contract like we gave Lin and Asik. That contract is only possible for non-1st round picks with 1 or 2 years experience. Since Parsons has 3 years experience he doesn't qualify. Any offer to Parsons will have the yearly increase restricted like all other deals.
I'm curious as to what others here think. If the goal is to sign melo and keep parsons and it'd be parsons at sf and melo at pf, does anyone think parsons can be a good defender again or even better than he was before if the offensive responsibilities are on melo, harden and Howard? The biggest problem with that line up is wing defense. Strong defense at only the 1 and 5 isn't going to cut it IMO.
Need a plan defensively. Team defense is key. Even if every starter was 2004 Pistons-like defensively, the Rockets would need a good plan on defense. Couldn't care less about one on ones if everyone is not on the same page. Take a look at the Pacers: Great defense, but when the issues started, and they weren't on the same page, they started to get destroyed defensively.
By declining the Parsons option, Morey has limited some of the possible options he has to use a trade to sign a big eligible free agent. I personally doubt teams would take just Parsons, a couple of bench players and a draft pick for a player on the level of Rondo, Love or Melo. A team that would trade a star would want to get 2-3 starters back. When Shaq was traded from the Lakers to Miami, they got back 3 players + a draft pick (turned into Jordan Farmar), 2 of those players were regular starters in Caron Butler and Lamar Odom. For a trade that big, a team would want Lin or Asik (likely both) as part of the deal. Those 2 players already make enough money to offset the incoming salary, so declining Parsons' option doesn't make it easier for that type of trade to happen. The other obvious risk is that teams offer Parsons a lot of money (which they will) and that will further limit the ability to use him in a trade scenario.
Parson has far exceded the player I thought he would be. To get 17ppg along with the fg%,pts and rebs is pretty impressivehes not the defender he was early,but he has good defensive principles. As long as its not over 12m, the rockets should match. Find me another sf who get 17 5 5 with 50%fg and 38 3pts.
<blockquote class="twitter-tweet" lang="en"><p>All eyes are on LeBron, but team execs say focus soon shifts to RFAs Chandler Parsons and Gordon Hayward. "They'll get paid," said one.</p>— Ken Berger (@KBergCBS) <a href="https://twitter.com/KBergCBS/statuses/481558436401143809">June 24, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
