The Memphis Grizzlies have agreed to trade Chandler Parsons to the Atlanta Hawks' for Solomon Hill and Miles Plumlee, according to ESPN's Adrian Wojnarowski. Parsons and the Grizzlies were unable to agree on a buyout number, so Memphis made the trade with Atlanta, which would allow the Grizzlies to move Hill's and Plumlee's contract individually while the Hawks free up a roster spot.
The Grizzlies have been regretting the four-year, $94.4 million deal they doled out to Parsons ever since they took the plunge to snatch him from the Dallas Mavericks in 2016.
Since then, they've had to pay a whopping $69.3 million during the first three years, with another $24.1 million coming down the pipe for this last year of his contract.
For a long time, Parsons' contract was deemed unmovable, as the often-injured forward has proved to be a shell of who he was during his time with the Houston Rockets and the Mavericks, unable to reach his true potential as a hot-shooting big man.
Now that it's down to the last chunk of his deal, the Hawks have been willing to eat up big salaries as they rebuild for the future while Memphis is looking to clean up their bad salaries to start a rebuild around rookie Ja Morant and second-year forward Jaren Jackson Jr.
The trade gets each team what they had hoped for, as the both maneuver for further acquisitions in free agency.
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