NBA free agency 2014: Houston Rockets to make Chandler Parsons a free agent, according to report

Chandler Parsons - Bob Levey

Houston will decline its option on the Casselberry native, giving it the right of first refusal on any contract he signs over the summer.

Citing "league sources," Adrian Wojnarowski of Yahoo! Sports reported Tuesday evening that the Houston Rockets will enable Chandler Parsons to become a restricted free agent in July by declining the fourth-year option on his contract. As such, the Rockets will have the right to match any offer Parsons signs with another club.

Given the Orlando Magic's general dearth of talent and specifically on the wings, Parsons would seem to be a natural fit for his hometown team. The Lake Howell product, now 25, posted career-bests in per-game scoring (16.6), rebounding (5.5), and assists (four) in his third professional season while posting a True Shooting mark of 56.5 percent.

Though the Magic will have spending power in the free-agent period, a report Monday suggested that they're unlikely to use much of it, as they'll soon need to offer new deals to center Nik Vučević and forward Tobias Harris. Though not a max-contract player, Parsons figures to command a salary in the low eight figures annually--according to Wojnarowski, "league executives" peg Parsons' value at around $12 million--and the championship-hungry Rockets are likely to match any offer in that range.

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