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Parsons confirmed Tuesday via his personal Instagram account that he has retired from professional basketball.
Parsons' announcement comes as little surprise after he failed to find work elsewhere in the NBA after being waived by the Hawks in February 2020. The 33-year-old failed to meet expectations after inking a massive four-year, $94.44 million contract with the Grizzlies in the summer of 2016, with recurring knee injuries and subsequent surgeries no doubt factoring into his demise. Parsons' career was already headed on the downswing before he suffered a traumatic brain injury and a disc herniation when his vehicle was struck by a drunk driver in January 2020. Shams Charania of The Athletic notes that Parsons has since received a substantial settlement for the career-ending injuries he incurred in the accident. Parsons wraps up his nine-year stint in the NBA with averages of 12.7 points, 4.5 rebounds, 2.7 assists and 0.9 steals in 30.1 minutes per game over 440 regular-season contests with the Rockets, Mavericks, Grizzlies and Hawks.
