Mavericks get Chandler Parsons after Rockets decline to match $46 million offer sheet

By Adam Silverstein
July 13, 2014

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

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. 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 on Thursday that Parsons preferred to continue his career with the Mavericks and hoped the Rockets did not match the offer sheet.

The defection of LeBron James from Miami to Cleveland put Houston in contention for the services of Chris Bosh on Friday. The Rockets had decided to bring back Parsons if they were able to acquire Bosh; however, Bosh chose to return to the Heat and Houston has therefore chosen to leave its cap space open for future moves.

Parsons’s three-year contract with Dallas includes a player option for the third season and a 15 percent trade kicker should the Mavericks try to move him at any point during his tenure with the franchise. He could become an unrestricted free agent at the age of 27 and will likely exercise that option if he is playing at the level many expect in two seasons.

Parsons, who averaged career-highs of 16.6 points, 5.5 rebounds and 4.0 assists per game for the Rockets last year, will have an average salary of $15.3 million over the next three seasons. That figure puts him among the top-20 highest paid players in the league based on NBA salaries paid out in the 2013-14 season.

It will also be the largest average salary ever paid to a former Gators basketball player.

Just last season, Parsons set a Houston team record for most three-pointers in a game when he drained 10 in the second half on the way to a career-high 34 points. He also achieved an NBA record that night for most treys made in one half of a game.

Jonathan Feigen of the Houston Chronicle first reported the decision.


  1. gatorboi352 says:

    Baffled that Orlando didn’t corral the hometown kid and kind of do their own LeBron James “coming home” type of thing.

    Apparently Hennigan has a few more years of ‘rebuild mode’ in mind than the fan base does.

  2. Malikg says:

    It wouldn’t have made sense for the Magic to get Parsons on a max contract as the only guy making that kind of money.

    Dallas, however, was willing and able to overpay at that level because they have Dirk Nowitzki choosing to make only $10 million a year (less than HALF of what he could command as an elite player). The Mavericks also both knew they had to make a rich contract to make it hard for Houston to match AND were eager to hurt a division and state rival.

    None of those things apply for the Magic. I don’t have a problem with the Magic not spending big in free agency yet. Where I think they’ve slipped is in not improving the BOTTOM their roster. There were and continue to be better players available in the 2nd round and undrafted than Romero Osby and Devyn Marble.

    Harris, Harkless, Vucevic, Nicholson, Oladipo, Fournier, Payton and Gordon are all young prospects with upside that Hennigan has acquired, though. That’s a nice core of cheap assets to let germinate while collecting more picks who may turn into the nucleus of a winning team.

  3. Gatoralum88 says:

    Way to go Chandler! You’ve earned it! Good luck making the US national team! Go Gators!

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