While the clock nears midnight for every team riding the free agent merry-go-round, it’s ticking louder now for the Rockets.
With small forward Chandler Parsons agreeing to terms on a three-year contract worth more than $45 million with the Mavs, the Rockets will now have to speed up their pursuit of Chris Bosh or risk losing both players.
Mark Stein of ESPN.com first reported that Parsons tossed in his lot with the in-state rivals from Dallas.
The plan and hope all along by Rockets general manager Daryl Morey was that the team could land one of the big-name free agents — LeBron James, Carmelo Anthony or Bosh — and then go over the cap with Bird Rights to re-sign Parsons.
Timing is everything.
As soon as the offer sheet from Dallas is signed and delivered, the Rockets will have three days to match. That means that the Rockets, who have reportedly made a four-year maximum offer to Bosh of $85 million, would have 72 hours to close that deal. If they don’t and move to match Parsons’ offer instead, they would lose the space under the salary cap to sign Bosh.
Of course, the trouble is that Bosh is evidently waiting for James to make up his mind on where he’ll play in October. It’s believed that if James returns to Miami, Bosh will join him and Dwyane Wade in a continuation of the Big Three with the Heat. The longer James dallies and Bosh waits in line, the situation becomes more precarious in Houston.
That’s the reason Morey was on the phone talking to the agents for Trevor Ariza, Luol Deng and Paul Pierce today, according to Adrian Wojnarowski of Yahoo Sports.
That clock is ticking.