Former Florida Gators forward Chandler Parsons will be headed 240 miles north within the state of Texas to play for the Dallas Mavericks after the Houston Rockets on Sunday declined to match the restricted free agent’s three-year, $46 million offer sheet, a source confirmed to OnlyGators.com.
Before free agency began, Houston decided not to pick up a one-year team option on Parsons for $964,750 in order to clear cap space and pursue a big-name free agent, knowing it would have to match a larger deal to bring him back into the fold.
The Rockets, however, hoped to acquire another player that would put the team in championship contention before using the Bird rights exemption to go over the salary cap and bring back Parsons at a higher salary.
Instead, Houston struck out in free agency and Parsons found an owner in Dallas’ Mark Cuban who desperately wanted his services, so much so that Cuban gave Parsons a contract offer that will likely make him one of the top-25 highest-paid players in the NBA.
OnlyGators.com exclusively reported Wednesday evening that Cuban was en route to Florida to meet with Parsons first thing Thursday morning. The two signed Parsons’s offer sheet at a club, celebrating together after reaching an agreement.
A source told OnlyGators.com on Thursday that Parsons preferred to continue his career with the Mavericks and hoped the Rockets did not match the offer sheet.