The Memphis Grizzlies were able to offload one of their worst free agent signings in team history by trading Chandler Parsons to the Atlanta Hawks for Solomon Hill and Miles Plumlee Wednesday, according to ESPN’s Adrian Wojnarowski.
Parsons signed a four-year, $94 million contract back in 2016 and has never lived up to his yearly salary. The oft-injured forward played just 95 games in three seasons and averaged just over seven points per game.
Atlanta will take on the last year of his contract that will pay Parsons $25.1 million before he becomes an unrestricted free agent next season. For Memphis, they get a couple of expiring deals as both Hill ($12.8 million remaining) and Plumlee ($12.5 million remaining) will come off the books as well next season.
Hill, who was recently acquired from the New Orleans Pelicans on draft night in order for the Hawks to move up and get DeAndre Hunter, played just 44 games last year averaging 4.3 points and three rebounds per game.
Plumlee signed a four-year, $50 million deal with the Milwaukee Bucks back in 2015 and will join his third team in four years. With Atlanta this past year, he played just 18 games averaging just 4.4 points per game.
From an outside perspective, Parsons could add some veteran mentorship to a young Hawks’ squad. As for Memphis, they’ll get back more moveable contracts during the beginning of their rebuild.