Updated on July 10 at 2:00 a.m.
Former Florida Gators forward Chandler Parsons may be headed 240 miles north within the state of Texas if the Dallas Mavericks have their way after the team agreed to terms Wednesday afternoon on a three-year, $46 million offer sheet with the Houston Rockets‘ restricted free agent.
Adrian Wojnarowski of Yahoo! Sports and Marc Stein of ESPN.com both reported that Parsons has agreed to the terms of the offer sheet and will officially sign it first thing Thursday morning once the NBA allows free agents to ink new contracts. The Rockets will have three days to match the offer and bring Parsons back.
Wojnarowski further reports that Parsons ultimately decided to sign the deal after he and Houston “negotiated throughout the day but were unable to come to an agreement” on a new contract. Dallas’s offer sheet includes a player option for the third season as well as a 15 percent trade kicker should he be moved.
Update I: A source close to the situation told OnlyGators.com late Wednesday night that Mavericks owner Mark Cuban is personally flying to Florida to have Parsons sign the offer sheet at 12:01 a.m. Thursday morning.
The source also notes that Parsons has established a strong relationship with Cuban and prefers to play in Dallas over Houston next season.
Update II: Parsons officially signed the Mavericks’ offer sheet early Thursday. He is pictured below celebrating with Cuban in Florida after inking the three-year deal.
A great celebration! pic.twitter.com/M7yy4WoFmq
— Terri Parsons (@sadie1532) July 10, 2014
“Extremely humbled! One night of fun and back to work. THANK YOU to everyone who has helped me! I am blessed,” he wrote on his Twitter account.