Miami Heat v Houston Rockets

Report: Rockets to decline team option on Chandler Parsons in pursuit of bigger star

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If they desire, the Rockets will keep Chandler Parsons next season. That was always the case.

It will just cost them a little more now – by their choice.

The Rockets hold a $964,750 team option on Parsons for next season. If they exercise it, he’ll become an unrestricted free agent in 2015. If they decline it, he’ll become a restricted free agent this summer – i.e., getting a raise sooner but one Houston can match.

Adrian Wojnarowski of Yahoo Sports:

The Houston Rockets plan to decline the fourth-year option on forward Chandler Parsons’ contract, freeing him to become a restricted free agent this summer, league sources told Yahoo Sports.

Houston is determined to clear the necessary salary cap space this summer to chase a third maximum contract free agent to join Dwight Howard and James Harden, league sources tell Yahoo Sports.

Houston plans to pursue the major stars who could be available upon opting out of deals, including Miami’s LeBron James and Chris Bosh, and New York’s Carmelo Anthony, league sources said. Dallas’ Dirk Nowitzki is expected to be a target too.

We already knew the Rockets were interested in Kevin Love, an attainable target. But why not also put LeBron, Bosh, Melo and Nowitzki on the radar? Who wouldn’t want one of those players?

However, if the Rockets were intent on maximizing cap room, they would have just picked up Parsons’ option to ensure he’d count against the cap at $964,750.

[MORE: PBT Podcast — Finals preview, Heat vs. Spurs]

By Houston declining it and then extending a qualifying offer, Parsons will count against the cap at $2,875,130* until he signs either a contract or offer sheet. Then, he’ll count against the cap at his 2014-15 salary, which will surely be much higher.

*He earned a higher qualifying offer by meeting the starter criteria. That puts his qualifying offer equal to the rookie-scale amount for the No. 21 pick in the 2010 draft (not 2011, as previously noted). Though Parsons was drafted in 2011, the 2010 draft is used because players drafted in the first round in 2010 are finishing their contracts this season.

So, it seems the Rockets are more interested in a sign-and-trade.

I’d think a player of Parsons’ quality making less than $1 million, even if on an expiring contract and due a big raise the following year, would have high trade value. But to add salary in a trade – LeBron, Bosh, Melo, Nowitzki or Love wouldn’t come cheap – the Rockets would have to send out a comparable amount of salary. In that sense, a higher-paid Parsons could be more helpful.

This decision might say something about the low trade value of Omer Asik and Jeremy Lin, who will each count $8,374,646 against the cap next season while owed $14,898,938 in real money. Though that cap number could facilitate a sign-and-trade, teams might balk about actually paying so much in actual dollars.

Hence, Parsons – a better player than Asik and Lin – could become the preferred sign-and-trade option.

Of course, Parsons would have to go along with a sign-and-trade. He’s clearly fond of Houston, and he might not accommodate a deal that sends him elsewhere.

[MORE: The curious case of Chandler Parsons]

That said, he should welcome making around $10 million rather than less than $1 million next season. Wherever Parsons plays in 2014-15, Houston is doing him a huge favor.

Personally, I would have exercised Parsons’ option and enjoyed the advantages of a good starter making so little money for an extra year. Then, once the contracts of Asik and Lin expire next summer, I would have tried to leverage Parsons’ tiny free agent amount into huge cap space and then gone over the cap to re-sign Parsons.

But Morey should know the Rockets’ current options better than I do. This could be the first step to something very big.

And if that backfires, Houston will at least safely lock up Parsons for several more years, though at a higher cost.

Penny Hardaway inducted into Magic Hall of Fame (VIDEO)

NEW ORLEANS, LA - FEBRUARY 15:  Penny Hardaway attends the Sears Shooting Stars Competition 2014 as part of the 2014 NBA All-Star Weekend at the Smoothie King Center on February 15, 2014 in New Orleans, Louisiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ronald Martinez/Getty Images)
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ORLANDO, Fla. (AP) — The Orlando Magic have inducted Penny Hardaway into the franchise’s Hall of Fame.

Hardaway, a game-changing point guard at 6-foot-7, becomes just the fifth player in franchise history to be inducted into the team’s Hall of Fame. He was enshrined during a pregame ceremony Friday and will be honored during a special halftime presentation during Orlando’s game against the Milwaukee Bucks at Amway Center.

Acquired by the Magic during the 1993 NBA Draft, Hardaway spent six seasons in Orlando where he averaged 19 points, 6.3 assists, 4.7 rebounds and 1.95 steals per game. Hardaway and center Shaquille O’Neal guided the Magic to the NBA Finals in 1995 where they lost to the Houston Rockets.

Hardaway remains third on the team’s all-time steals list (718) and fourth in assists (2,343).

Robert Covington with deep, contested three game-winner for Sixers (VIDEO)

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The Sixers have just become fun.

It’s not just Joel Embiid, it’s guards and wings feeling fearless in big game situations. A few games ago it was T.J. McConnell. Friday night, it was Robert Covington.

Down two with 13 seconds left after Damian Lillard missed a free throw, Brett Brown chose not to call a timeout and count on getting a good shot out of the chaos. What the Sixers got was Covington a full step behind the arc with Evan Turner in his face contesting.

It didn’t matter. Bucket. Ballgame.

The Sixers were down 13 at the half and came back to get the win. Sixers fans did get a scare in this one when Embiid left the game for a while and went to the locker room after tweaking his knee landing from a dunk. It proved to be nothing serious and he returned to the game, at which point you could hear and audible sigh of relief from the entire city of Philadelphia.

Report: Timberwolves, Pistons discussing Ricky Rubio for Reggie Jackson trade

DENVER, CO - DECEMBER 28: Ricky Rubio #9 of the Minnesota Timberwolves brings the ball down court against the Denver Nuggets at the Pepsi Center on December 28, 2016 in Denver, Colorado. NOTE TO USER: User expressly acknowledges and agrees that , by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Matthew Stockman/Getty Images)
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A year ago, Reggie Jackson looked like the future paired with Andre Drummond in Detroit. But since he came back from injury this season things have not meshed as well — the Pistons are being outscored by 8.1 points per 100 possessions when those two are on the court together.

Minnesota is loaded with young talent, but they need some floor spacing shooting and the sense there is a different feel from the point guard spot than Ricky Rubio is providing.

So, maybe the two sides swap problems? Marc Stein and Chris Haynes of ESPN report the two sides are talking.

The Minnesota Timberwolves and Detroit Pistons have discussed a potential swap of point guards Ricky Rubio and Reggie Jackson, according to league sources.

Sources told ESPN that no deal appeared imminent Friday but said the teams have engaged in dialogue this week on a potential multiplayer exchange that would be headlined by Rubio and Jackson….

The Wolves have been openly trying to move Rubio for some time and reportedly are willing to attach swingman Shabazz Muhammad to offers featuring the veteran Spanish point guard‎.

At first glance, I don’t love the fit of Rubio in Detroit — if you’re going to play four out with Drummond in the middle, you need shooters and Rubio is a step back from Jackson there. Actually, several steps back — Jackson is shooting 37 percent from three this season, Rubio 24 percent.

However, to actually evaluate this deal I’d need to see who else is involved because this would expand to multiple players.

Wizards’ assistant coach Lowe fined $5,000, team $15,000 for coach’s distraction of Knicks shooter

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Down just three points 13.7 seconds left in the game, the Knicks needed a three. Carmelo Anthony had the ball and passed to an open Courtney Lee, who passed up a clean look at a three-pointer, instead passing to Brandon Jennings, who turned the ball over, and the Wizards got the win. Lee said after the game he passed because he felt someone near him.

I’m looking at Oubre closing out next to me, and I’m hearing somebody right next to me saying, “I’m here. I’m here. I got your stunt. I got your stunt.” And, so I don’t shoot it. I drop the ball, thinking it is going to be a double closeout. And then I try to make a play to Brandon, and I think he bobbled the ball a little bit, and that’s the end of the game….

I thought it was one of their players because you’re getting ready to shoot – in my peripheral you see a body right there, and he’s saying, “I’m right here. I’m right here. I got your stunt.” Usually in basketball terminology, that’s we’ll switch or I am going to jump out. So, I shot-faked and drove. But I still should have shot the shot.

Turns out the guy on the court making those comments was Wizards assistant coach Sidney Lowe. The Last Two-Minute Report on the officiating said the referees missed the call and Lowe should have been called for a technical for being on the court and trying to impact the play.

The league took that one step further — Lowe was fined $5,000 and the Wizards’ organization $15,000 for “Lowe’s standing on the playing court and potentially impacting game action.”

Hopefully, this is the first step in the league and referees cracking down on coaches stepping on to the court. Look for it during a game, some teams do it a lot.