Good night, sweet Instagram prince.
According to a report from Adrian Wojnarowski of ESPN, the Memphis Grizzlies have agreed to part with Chandler Parsons via trade. Parsons is heading to Atlanta and their Hawks in exchange for Miles Plumlee and Solomon Hill.
Memphis has agreed to trade Chandler Parsons to Atlanta for Solomon Hill and Miles Plumlee, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) July 3, 2019
Woj goes on to report that Memphis tried to negotiate a Parsons buyout, but to no avail.
Memphis and Parsons were unable to agree on a buyout number, so Grizzlies made the trade with Atlanta. As @BobbyMarks42 says, it's easier to move out salaries by breaking Parsons' $25M into two smaller contracts. Hawks free a roster spot. https://t.co/guRiX905mW— Adrian Wojnarowski (@wojespn) July 3, 2019
This is another extremely savvy move by the Grizzlies front office, led by Zachary Kleiman, and it actually helps both teams. Atlanta frees up a roster spot, giving them more flexability to bring in another young player, while Memphis takes the gigantic Parsons contract and essentially splits it in two. The money exchanged is pretty much equal, and all three contracts are expiring. A nice case of two southern teams helping each other out.
Parsons was, of course, supposed to be the bridge to the next era of Memphis Grizzlies basketball alongside Marc Gasol and Mike Conley. That never materialized - Parsons was unable to be healthy enough to stay on the floor for a prolonged period of time, and when he did play he was a shell of his former self, from his shot to his explosiveness. He had the skill set to make the Grizzlies a real threat in the west at the time of his signing, and if Memphis hadn’t made such a splashy move it’s possible Mike Conley may have left. Unfortunately, it just wasn’t meant to be.
Plumlee and Hill both could in theory stay around (the Grizzlies are in need of a backup center especially, and Plumlee fits that bill), but this feels like the first step towards something else. It’s easier to buy out smaller deals such as these, and both Hill (a wing, which Memphis already has plenty of) and Plumlee could hold value to another team - more so than Parsons at this stage. They also could be pieces of a larger trade for a larger contract as Memphis brass continue to try to acquire assets for the rebuild.
Stick with GBB as more craziness unfolds during NBA Free Agency.