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Chandler Parsons: Rockets to decline fourth-year contract option

Chandler Parsons #25 of the Houston Rockets signals after making a three-point shot against the Portland Trail Blazers in Game 5 of the Western Conference Quarterfinals during the 2014 NBA Playoffs at the Toyota Center on April 30, 2014 in Houston, Texas.
Photo by Bob Levey/Getty Images

Houston Rockets young star Chandler Parsons will be hitting the free-agency market this summer. According to Yahoo Sports on Tuesday, the Houston Rockets are expected to decline the fourth-year option of Parsons’ rookie contract which would free him up to become a restricted free agent this summer meaning the Rockets can match an offer sheet to retain the young forward on a long-term contract.

Parsons has exceeded expectations as an NBA player. As a 2011 second-round pick, the 25-year-old Parsons has emerged as one of the top small forwards in the Western Conference and a player who has been rumored in the center of trade talks. By declining the fourth-year option, the Rockets will have the ability to re-sign Parsons verses picking up the option for 2014-15 and allowing him to become an unrestricted free agent in 2015.

Going the restricted route at least gives the Rockets a bit of control in keeping Parsons. A team would basically have to overpay for the young star in order to ply him away from Houston. With Dwight Howard and James Harden already signed to max contracts, any chances of keeping Parsons in that scenario would’ve been difficult, especially since the team is one of a few teams interested in the services of All-Star power forward Kevin Love.

The Rockets are also expected to be in pursuit of other stars who may opt out of deals. Those players include LeBron James, Chris Bosh, Carmelo Anthony and Dirk Nowitzki. As of now Chandler Parsons is a bargain for the Rockets considering the type of production and talent he provides. Las season he averaged 16.6 points and 5.5 rebounds for the Rockets and was clearly on of their top options on offense. Parsons is very much interested in remaining with the Houston Rockets.