Chandler Parsons 'Extremely Disappointed' to Leave the Grizzlies

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Chandler Parsons says he's "disappointed" that he couldn't finish the season with the Memphis Grizzlies and insisted he's "ready to play and committed to getting back on the court".

The Memphis Grizzlies and Chandler Parsons have agreed to part ways.

ESPN's Adrian Wojnarowski reported that the team and Parsons' agent, James Dunleavy of ISE Sports, will work on a "resolution" for Parsons' future as well as a trade for the eighth-year veteran.

Parson's remaining contract with Memphis stands at about 38 million through 2020. Instead, Memphis wanted Parsons to play in the G-League, something he was only willing to do if the team had a clear plan for him to play in games in the National Basketball Association. Some were surprised that Parsons - who had averaged over 13 points per game four years in a row at that point, but whom had never been an All-Star - received a maximum value contract from Memphis.

"We met with Chandler and spoke with him and his representation numerous times during his rehab process, laying out a number of options to help integrate a healthy and effective Chandler back onto the floor", Wallace said in a statement to ESPN's Tim MacMahon.

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According to sources cited by ESPN, team officials were convinced that Parsons could contribute offensively, but had questions about his defensive ability, and wanted to see him perform in live play at the G League level.

"We will continue to monitor Chandler's progress", Wallace said in a statement Sunday night. Limited by injuries, he played a combined 70 games over the first two seasons of that contract, but Dunleavy told The Commercial Appeal on December 28 that Parsons had been cleared and was ready to play. "Unfortunately, that option wasn't presented to me".

"Let me play!" Parsons shouted at Wallace several times after hitting 3-pointers during a scrimmage, sources said. The Grizzlies and Parsons couldn't agree on a G League assignment plan that would assure Parsons of his return to the active National Basketball Association roster this season.

At media day in September, Parsons said he thought his knee issues were past him after playing with no limitations during the summer.