Daryl Morey undecided on Chandler Parsons’ option

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The Houston Rockets are going to take a risk with Chandler Parsons, but which one?

Parsons is under contract for $964,750 next season with a team option.

If the Rockets pick up the option, they’d get Parsons for that ultra-cheap salary next year. However, he’d become an unrestricted free agent in 2015, and Houston would face a greater risk of losing him for nothing.

If the Rockets decline the option, Parsons would become a restricted free agent this summer. The Gilbert Arenas applies only to players with one or two years experience, so Parsons doesn’t qualify. But because the Rockets has Parsons’ full bird rights, they could match any offer he receives. Plus, Parsons’ restricted status would likely cool the market for him, because other teams would know Houston could match any offer.

Rockets general manager Daryl Morey, in a Q&A with Jonathan Feigen of Ultimate Rockets:

Q: How do you make a decision on picking up the option on Chandler Parsons’ contract when you don’t know what will happen in free agency two weeks after your deadline to make a decision?

A:”We won’t know everything we need to know when we have to make a decision on Chandler’s (contract) option. We have to make the best decision at the time we have to make it (June 29).”

Morey’s decision very well could hinge on Omer Asik and Jeremy Lin.

Free agents continue to count against a team’s cap until renounced or signed. How much a free agent counts against the cap – called a free agent amount – depends on multiple factors, but whenever Parsons becomes a free agent, he offers a big opportunity for his team.

This summer, his free agent amount would be $1,760,350. Next season, it would be $1,833,025. Either way, that’s extremely low for a player of Parsons’ caliber.

Houston could let Parsons sit on their books at his free agent amount, use all their other cap room and then re-sign Parsons to his larger salary ($9 million per year or so).

But the Rockets aren’t slated to have cap room this summer, so Parsons’ extraordinarily low free agent amount wouldn’t really help now. They’d still just have the mid-level, bi-annual and minimum-salary exceptions to sign free agents.

However, the Rockets are expected to have cap room in 2015, when the contracts of Asik and Lin expire ($8,374,646 each). Then, Houston could use the aforementioned trick to get most from its space before re-signing Parsons, assuming Parsons agrees to wait.

This all changes, though, if Asik and Lin are traded sooner. Either they could be traded for less salary (giving Houston cap room this summer) or a long-term contract (eliminating Houston’s cap room next summer).

Unless he’s already traded them by Parson’s option date, Morey has to weigh the likelihood of trading them later among many other factors. The decisions on Parsons is definitely complicated.

With the information I have available, I’d exercise Parsons’ option, and the call isn’t that close.

Asik and Lin hold actual 2014-15 salaries of $14,898,938 (even though their cap amounts are lower), so trading them won’t be easy. The Rockets definitely think Asik is undervalued, and they might be right. But if nobody else knows it, it doesn’t matter as far as trades. They face similar difficulties with trading Lin.

Plus, at a cheap salary, Parsons is a tremendous trade asset himself. If he becomes a restricted free agent, not only would his higher salary make him less desirable, he’d have the right to approve any trades for a year if Houston matches an offer sheet to keep him.

Unless an Asik-Lin trade emerges before the end of June, the Rockets should exercise their option on Parsons and reap the rewards of their good drafting and smart signing for one more year.

PBT Extra: Bobby Portis punch adds to challenges for Bulls this season

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Nikola Mirotic will be out 4-6 weeks due to his concussion and fractured jaw.

Bobby Portis has been suspended for the first eight games of the season for causing those injuries to Mirotic with a punch at practice.

What does this mean for a Bulls locker room that was already going to have to deal with the weight of losing a lot of games.  I get into all these questions in this latest PBT Extra.

It’s going to be a long season in Chicago.

Gordon Hayward’s agent says return this season unlikely

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Wednesday night in Boston Gordon Hayward underwent surgery to repair his dislocated ankle and fractured tibia suffered just five minutes into the season-opening game, a gruesome injury that put a pall over the rest of the night.

There had been hope from some Celtics fans that Hayward could return this season, likely for the playoffs, but now that the surgery is complete Hayward’s agent told Adrian Wojnarowski of ESPN not to expect him back until next season.

This shouldn’t be a surprise to anyone who saw the injury. Hayward is in the first year of a four-year deal with the Celtics, they were always going to choose a cautious path rather than rush him back. Under Danny Ainge Boston has always taken the long view, even with all their moves this summer — specifically bringing in Hayward and Kyrie Irving — the target was to be the team set up for next as LeBron James and the Cavaliers faded. That plan does not change now.

Earlier in the day, Hayward had sent a video message out to Celtics fans thanking them for their support in the past 24 hours.

Without Hayward, the Celtics now will focus more on smaller lineups, rookie Jayson Tatum will get more run, as will Marcus Smart in his contract year. Jaylen Brown will be thrust into a more significant role. Also, Kyrie Irving will be asked to do more as the team’s second-best playmaker is now out for the season.

The Celtics will take a step back this season without Hayward, who was going to be crucial for them on both ends of the floor. That’s evidenced by their 0-2 start, falling to the Cavaliers and Bucks on the first couple nights of the season. Boston should still be a team well above .500 and in the playoffs, but they will not be quite the same this season.

Trail Blazers beat Suns by 48, biggest season-opening rout in NBA history

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Any controversy over C.J. McCollum‘s suspension for the season-opener should be put to rest. The Trail Blazers fared fine without him.

More than fine.

Portland beat the Suns, 124-76, Wednesday. The 48-point margin is the largest ever in a season opener, even as the Trail Blazers let a 58-point fourth-quarter lead dwindle.

Here are the most lopsided season-openers in NBA history (openers for both teams appearing twice):

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The 48-point defeat is also the Suns’ worst lost in franchise history, topping a 44-point loss to the Seattle SuperSonics in 1988. It could be a long year in Phoenix.

Marcus Smart and Matthew Dellavedova scrap (video)

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Marcus Smart and Matthew Dellavedova thrive on aggravating opponents, so when matched up, of course they aggravated each other.

Deduct points from Smart for pulling the hold-me-back charade behind a referee. Plus, Dellavedova’s Bucks beat Smart’s Celtics, 108-100.