Parsons a gamble for Bulls as backup plan

July, 8, 2014
Jul 8
1:04
PM CT
Friedell By Nick Friedell
ESPNChicago.com
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Chandler ParsonsTroy Taormina/USA TODAY SportsChandler Parsons, a second-round pick in 2011, is in for a big payday this summer.
As the basketball world awaits a decision from the top stars in the NBA, the Chicago Bulls have to continue planning for the future despite the uncertainty of the present.

If Carmelo Anthony does not sign in Chicago, the Bulls are going to have a lot of choices to make in a short amount of time. Like many teams, the Bulls have money to spend but there is a lot of competition to land second- and third-tier free agents. Once the first big dominoes of free agency fall when LeBron James and Anthony make their decisions, everything else will come down quickly.

The Bulls have several contingency plans in order and they must act decisively if they are left at the alter by Anthony.

With that in mind, here are a few of the options Gar Forman and John Paxson will have to consider if Anthony passes on the Bulls:

Chandler Parsons, SF


It always seemed like Houston would end up matching whatever offer materialized for the restricted free agent. But if the Rockets end up landing Chris Bosh, maybe the game changes for a team like the Bulls. At 25, Parsons is sure to have many suitors -- the interesting aspect of his deal, as my colleague Tim MacMahon from ESPNDallas.com noted, is that any team that signs Parsons to an offer sheet may then have to wait three full days to see if the Rockets would match the offer.

If James still hasn't made his decision in a few days and Bosh is waiting to see what happens, would a team like the Mavericks or Bulls be willing to gamble on signing Parsons to the offer sheet, in the event that Anthony picks a team?

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There are a lot of moving pieces in this scenario, but it's hard to envision the Bulls making that choice knowing that they may not end up with any of their targets if they tie up their money in the offer for three days and then Houston ends up matching anyway.

Parsons would fill a huge need for the Bulls in the form of outside shooting, but would the Bulls be willing to create enough cap space to land him? According to ESPN capologist Larry Coon, the Bulls would have about $13 million in available cap space if they use the amnesty provision to eliminate the final year of Carlos Boozer's deal and trade Mike Dunleavy. With Nikola Mirotic's arrival looming on the horizon, the Bulls wouldn't even come close to offering Parsons a competitive offer if Mirotic wants somewhere between $6 million and $8 million.

As Coon noted, the Bulls can't offer Parsons the same kind of "poison pill" contract the Rockets offered former Bull Omer Asik because Parsons has already been in the league for three years and is not bound to the same contract restrictions. Plus, if the Mavericks, or another team swoop in to sign Parsons to a big offer sheet, then the Bulls are out of contention anyway. Parsons is a close friend of Bulls center and fellow Florida product Joakim Noah, but that tight bond probably isn't going to be enough to bring him to Chicago.

Gasol

Pau Gasol, C



Gasol's name has been on the Bulls' radar for a while. The front office flew out to meet with Gasol last week in Los Angeles and he seems to be at the forefront of any non-Anthony contingency plan. As with Parsons, there are a lot of teams contending for his services. The Bulls don't figure to offer Gasol nearly as much as the Lakers will, but they can sell playing on a team that believes it has a legitimate chance to contend next season in the much weaker Eastern Conference. Still, landing Gasol is going to be tough because of the quality of suitors in the hunt for him.

Stephenson

Lance Stephenson, SG



The mercurial 23-year-old Pacers swingman has already turned down a five-year, $44 million deal from Indiana and ESPN.com's Chris Broussard reported Monday that the two sides are still "far apart on a deal." I still don't believe the Bulls will make a serious run at Stephenson because of his documented ability to upset a locker room, but if they whiff on other names, he remains a possibility, especially if the Pacers can't come to terms with him.

Deng

Luol Deng, SF



Don't hold your breath for a Deng reunion with the Bulls. Deng already turned down a three-year, $30 million deal last season. He and his camp were not happy with how the Bulls approached the contract process and there are still lingering feelings on both sides. Plus, adding Deng after potentially missing out on Anthony & Co. would not satisfy a fan base that already knows what kind of team the Bulls are with Deng in the fold.

Ariza

Trevor Ariza, SF



The Washington Wizards swingman would fit into the Bulls' system on many levels. He is a solid defender and can knock down open jumpers -- as evidenced by some of his performances in the Wizards' first-round playoff win over the Bulls. Washington would still like to re-sign him, but he could be an answer if the Bulls are willing to splurge a little.

As the Bulls' front office tries to filter through all the scenarios, the big problem they have is the same one every team is dealing with. Many organizations have a lot of money to spend this summer.

As the Bulls learned in the past with Carlos Boozer, and others, teams usually have to overpay in free agency. That's why it's more imperative than ever for the Bulls to target one big free agent and lock him up right away if Anthony isn't ready to come to Chicago. The Bulls aren't going to have time to wait and see what happens in a crowded marketplace.

Nick Friedell | email

Chicago Bulls beat reporter
Nick Friedell is the Chicago Bulls beat reporter for ESPN Chicago. Friedell is a graduate of the S.I. Newhouse School of Public Communications at Syracuse University and joined ESPNChicago.com for its launch in April 2009.

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TEAM LEADERS

POINTS
Derrick Rose
PTS AST STL MIN
15.9 4.3 0.5 31.1
OTHER LEADERS
ReboundsJ. Noah 11.3
AssistsJ. Noah 5.4
StealsJ. Butler 1.9
BlocksJ. Noah 1.5