Forward
Chandler Parsons has agreed to a four-year maximum contract with the
Memphis Grizzlies worth a projected $94.8 million, league sources told ESPN.
Parsons committed to the Grizzlies immediately after a Friday meeting at agent Dan Fegan's home in Beverly Hills, California. The contract cannot officially be signed until Thursday.
The 27-year-old Parsons also met with and received a max contract offer from the
Portland Trail Blazers when free agency opened.
Sources say Parsons made his decision with the expectation that point guard
Mike Conley would return to Memphis, as the pair had several conversations about playing together with the Grizzlies. Conley is scheduled to meet with the
Mavericks in Dallas on Friday, but sources say Parsons and Conley never discussed playing together in Dallas.
With the Grizzlies able to offer a fifth year on his contract, the Mavs are widely considered an extreme long shot to sign the point guard. Dallas also missed out on two of its other top targets after center
Hassan Whiteside committed to re-signing with the
Miami Heat and small forward
Nicolas Batum opted to stay in
Charlotte.
The
Los Angeles Lakers and
Orlando Magic expressed interest in Parsons, who moved on after spending two seasons with the Mavericks when the team declined to offer him a max contract.
Parsons has an advocate in Memphis in recently hired assistant coach J.B. Bickerstaff, who formed a close relationship with Parsons during their time together with the
Houston Rockets.