Mavs, Parsons agree to three-year, $46 million offer sheet

Chandler Parsons is set to sign a three-year offer sheet with the Mavs.
Chandler Parsons is set to sign a three-year offer sheet with the Mavs. (USATSI)

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The Dallas Mavericks have reached an agreement with Houston Rockets restricted free agent Chandler Parsons on a three-year offer sheet for more than $45 million.

For the Rockets, there will be a 72-hour window after the agreement is signed in which the team will be able to acquire a star, such as Chris Bosh, before going over the salary cap to match Parsons' deal. Otherwise, if Houston is going to sign a marquee free agent, it will have to surrender Parsons. This would hurt after allowing Parsons to hit restricted free agency rather than paying him less than $1 million in 2014-2015 before he'd become an unrestricted free agent next summer.

If the Rockets don't match, this is a great deal for Dallas. Parsons would be a tremendous fit for the Mavericks, and that isn't an unreasonable amount of money for a player this young and versatile. When you consider that Gordon Hayward agreed to a four-year, $63 maximum offer sheet, this looks like it would be an absolute steal.

The problem, for Dallas, is that Houston could very well match it. And in the meantime, the Mavs' cap space would be tied up for three days, while their other targets would be free to sign elsewhere.

CBS Sports Writer

James Herbert is somewhat fond of basketball, feature writing and understatements. A former season-ticket holder for the expansion Toronto Raptors, Herbert does not think the NBA was better back in the... Full Bio

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