Now what will Daryl Morey do?
The Houston Rockets were willing to step into luxury-tax territory to exercise their right to keep Chandler Parsons if they were first able to sign Chris Bosh to a near-max deal. That scenario is off the table, however, after Bosh's decision to take more money to stay in Miami.
Will the Rockets still match the Dallas Mavericks' three-year, $46 million offer to the restricted free-agent small forward? At this point, the only sure thing is that we will find out by 10:59 p.m. CT Sunday night.
The Rockets were willing to pay a steep price for Parsons if they succeeded in their offseason mission to add a stretch-shooting All-Star power forward to complement their current stars, shooting guard James Harden and center Dwight Howard. But that plan was messed up when Houston missed out on Bosh.
Maybe Morey, the Rockets' ultra-aggressive general manager, will decide to keep the core of Houston's 54-win team from last season together. Perhaps he'll swallow hard and agree to pay Parsons more than $15 million per year, knowing that would take the Rockets out of the Kevin Love sweepstakes if there is one next summer.
This certainly isn't the decision Morey thought he'd have to make this summer.
First, Morey couldn't have anticipated Parsons signing such a massive offer sheet when the Rockets made him a restricted free agent by declining the team option to pay him $965,000 next season in the final year of the former second-round pick's rookie contract. Mark Cuban and the Mavs threw a major wrench in the Rockets' plans by getting Parsons to agree to a near-max offer as soon as a deal could be signed.
Morey also believed he'd have a premier stretch-shooting power forward in place -- a perfect fit with Harden and Howard -- before the clock ran out on the Rockets' right to match Parsons. Pat Riley and the Heat threw a wrench into those plans by making Bosh a lot richer.
The Mavs and Heat, two-time Finals foes, formed a tag team of sorts to make Morey's job as hard as possible this summer.
How will Morey respond? Stay tuned.