Source: Mavericks, Chandler Parsons agree on 3-year offer sheet

The Dallas Mavericks and Rockets forward Chandler Parsons have agreed to terms on a three-year, $46 million contract, a source familiar with the deal told

The Dallas Mavericks and Rockets forward Chandler Parsons have agreed to terms on a three-year, $46 million contract, a source familiar with the deal told SI.com. Chandler, a restricted free agent, will sign the offer sheet on Thursday, giving Houston three days to match. 

ESPN first reported the transaction. 

Parsons, 25, is coming off a career best season where he averaged 16.6 points per game. Houston made the unorthodox decision to decline Parsons' team option after the season, making Parsons a restricted free agent. The Rockets had been clearing cap space to make a run at a high profile free agent. Houston has made a four-year $88 million offer to Miami forward Chris Bosh, according to a source. The Rockets' plan is to sign Bosh and then re-sign Parsons to form a formidable front court along with Dwight Howard. Because Houston owns Parsons' Bird rights, they can exceed the cap to bring him back. 

Dallas hopes to add Parson’s scoring to a revamped frontcourt. The Mavericks traded for defensive minded center Tyson Chandler last month and believe Parsons and franchise forward Dirk Nowitzki can develop into a dynamic scoring combination.