Miami Heat v Houston Rockets

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

83 Comments

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.

Carmelo Anthony’s jumper with 0.3 seconds left gives Knicks 110-109 win over 76ers

1 Comment

NEW YORK (AP) — Carmelo Anthony made a jumper with 0.3 seconds left to give the New York Knicks a 110-109 victory over the Philadelphia 76ers on Saturday night.

The Knicks blew a 17-point lead and fell behind by one when Jahlil Okafor scored with 9 seconds remaining. But Anthony dribbled left after a timeout, pulling up over Robert Covington to cap his 37-point performance.

The Knicks then intercepted the 76ers’ inbounds pass to hold on and snap their two-game losing streak.

Derrick Rose added 18 points and Justin Holiday had 14 for the Knicks, who won for just the third time in 11 games. They played without starters Kristaps Porzingis (sprained right ankle) and Joakim Noah (sore left hamstring).

Okafor had a season-high 28 points and grabbed 10 rebounds as the 76ers nearly pulled out the victory after beating Washington on Friday. Dario Saric had 19 points and 15 rebounds, and Covington finished with 20 points and 10 boards.

The Knicks avoided falling behind the 76ers into 13th place in the Eastern Conference, but they seem to realize it might be too late to get ahead of the teams they need to. They came in five games behind Detroit for the eighth and final playoff spot, and coach Jeff Hornacek before the game talked of players’ development as a goal instead of trying to make a playoff push.

Before the game, Philadelphia coach Brett Brown said his experience was that teams playing on the second night of a back-to-back usually started quickly before getting fatigued. But it was the Knicks was started fast thanks to Anthony, who was 7 for 10 for 17 points as New York led 31-25.

The Knicks led by 10 at halftime and Rose scored 10 in the third to keep Philadelphia from cutting into it. The Sixers were still down double digits well into the fourth quarter before Okafor and T.J. McConnell led them in what became a frantic finish.

TIP-INS

76ers: Philadelphia had won four of its previous five games. … The Sixers have dropped six straight at Madison Square Garden.

Knicks: Hornacek said Porzingis was considered day-to-day, with a possibility of returning in their next game Monday. But he said Noah would be out longer after having a setback in his recovery during the break. … Noah celebrated his 32nd birthday.

TWEETS

Knicks President of Basketball Operations Phil Jackson tweeted for just the fourth time this season on Saturday, wishing Tex Winter a happy 95th birthday. Winter was his former assistant coach and is considered the pioneer of the triangle offense. Jackson ended the tweet with a triangle emoji.

SPEAKING OF THE TRIANGLE

The Knicks have started running it more, according to Hornacek. He says it not only benefits the younger players on offense but also helps the Knicks be in better position to get back on defense. The Knicks ran the offense that Jackson used to win 11 championships as a coach under Derek Fisher and Kurt Rambis the previous two seasons, but Hornacek had opened up the offense this season to get the Knicks playing quicker.

UP NEXT

76ers: Host Golden State on Monday.

Knicks: Host Toronto on Monday. The Raptors have won the last five meetings.

Anthony Morrow says he’ll switch from No. 1 with Bulls after Derrick Rose fans complain

CHICAGO, IL - FEBRUARY 24: Anthony Morrow #1 of the Chicago Bulls participates in warm-ups beofre the Bulls take on the Phoenix Suns at the United Center on February 24, 2017 in Chicago, Illinois. 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 Jonathan Daniel/Getty Images)
Jonathan Daniel/Getty Images
3 Comments

Anthony Morrow clearly didn’t follow the Michael Carter-Williams saga.

Morrow, like Carter-Williams, took No. 1 when joining the Bulls.

And Morrow, like Carter-Williams, swiftly changed course when Derrick Rose fans protested.

Morrow:

Morrow had never worn No. 1 in the NBA. The No. 23 he wore with the Mavericks is obviously retired in Chicago for Michael Jordan, and two of Morrow’s other previous numbers — No. 2 (Jerian Grant), No. 3 (Dwyane Wade) — were already taken. As far as Morrow’s other previous number, Cameron Payne, who came from the Thunder with Morrow, kept the No. 22 the point guard wore in Oklahoma City.

So, Morrow needed a new number. I’m just not sure why the Bulls didn’t warn him off No. 1 and the backlash that would come with it.

Doc Rivers on DeMarcus Cousins: “I’m 55. It’s tough for me to call a grown man ‘Boogie'”

6 Comments

The Kings trade with the Pelicans has made DeMarcus Cousins the NBA’s mostdiscussed player lately.

But Clippers president/coach Doc Rivers isn’t sure he can address Cousins by his nickname.

J.A. Adande of ESPN:

Cool story, Glenn.

Deron Williams clears waivers, intends to sign with Cavs

CHARLOTTE, NC - DECEMBER 01:  Deron Williams #8 of the Dallas Mavericks brings the ball down the floor against the Charlotte Hornets during their game at Spectrum Center on December 1, 2016 in Charlotte, North Carolina. 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 Streeter Lecka/Getty Images)
6 Comments

CLEVELAND (AP) — Free agent guard Deron Williams has cleared waivers and told the Cleveland Cavaliers he intends to sign with them.

Williams, a five-time All-Star, was waived earlier this week by Dallas. He will give the defending NBA champions a playmaker they’ve needed all season and one LeBron James demanded.

Williams cannot sign with the Cavs until Monday. Cleveland hosts the Milwaukee Bucks that night. The Cavs will be the fourth team for Williams, who is averaging 13.1 points this season.

Cleveland coach Tyronn Lue can bring him off the bench and also play him with Cleveland’s starters to give James and Kyrie Irving rest before the playoffs.