The Dallas Mavericks and Houston Rockets have bailed on sign-and-trade discussions involving forward Chandler Parsons, reports Marc Stein of ESPN.com. That means Parsons will be heading to Dallas without the Rockets receiving any compensation after Houston opted not to match the offer sheet extended by the Mavericks.
For much of the weekend, it was expected around the league that the Rockets would ultimately match Parsons’ offer sheet after figuring out their situation with Chris Bosh, but that plan quickly blew up when Bosh re-signed with the Miami Heat. Scrambling in the aftermath of that news, Houston signed a four-year deal with Trevor Ariza to bolster its frontcourt.
That left the Rockets without nearly as much as need for Parsons, and given the Mavericks’ three-year, $46 million offer, the team couldn’t justify spending big money on multiple small forwards. So the team inked a deal with Ariza and attempted to engage in sign-and-trade discussions with Dallas before ultimately opting not to match the offer sheet.
Parsons is coming off another strong season, having averaged 15.9 points, 5.3 rebounds and 3.9 assists over 74 games with the Rockets. He also continued to be highly efficient from the field, shooting 47 percent from the field and 37 percent from beyond the arc.
While Parsons only has three years of NBA experience, he was set to his unrestricted free agency next summer as a former second-round pick. Rather than risk Parsons walking for nothing in a year, the Rockets let him hit restricted free agency this summer with the apparent plan of retaining him using Bird rights. However, once the big names didn’t sign and the Rockets’ plan seemingly changed, retaining Parsons no longer become a priority. With the Mavericks making a fairly huge offer, Houston decided to pass in favor of the cheaper, defensive-minded Ariza.