The Chancun Era in Memphis is over.
Multiple media outlets are reporting that The Grizzlies have traded Chandler Parsons to the Atlanta Hawks.
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
Coming to Memphis in the deal are Soloman Hill and Miles Plumlee. Whle both are still serviceable players, their real value to the Grizzlies may be their contracts. Instead of trying to trade Parsons’ $25 million expiring deal, Memphis now has two contracts in the $12 million range which can be included in future deals.
It has been quite a transformation for the Grizzlies since the end of the NBA season. In addition to drafting Ja Morant with the No. 2 overall pick, the team engineered a trade for Mike Conley that netted them young talent (Grayson Allen), future draft picks and the draft rights to former Gonzaga forward Brandon Clarke. Now, the Parsons deal provides even more flexibility.
Hard to imagine the Grizzlies being finished . . . Stay tuned . . .
