With NBA free agency underway, and a rising salary cap, a lot of NBA free agents have received huge new contracts.
Former Florida Gator Chandler Parsons is among them, as Adrian Wojnarowski of the Vertical reports that Parsons has agreed to a four-year $94 million deal with the Memphis Grizzlies.
This will be Parsons third team in the NBA. He spent his first three years with the Houston Rockets before signing with the Dallas Mavericks two years ago.
Parsons was the No. 46 pick in the 2011 NBA draft. In his first five seasons in the NBA, Parsons has averaged 13.1 points and 5.3 rebounds per game. Last season for the Mavericks, he averaged 13.7 points per game and shot 41 percent from 3-point range, despite missing 21 games with a knee injury.
Parsons was the SEC Player of the Year in 2011, his last last season at Florida. Parsons averaged 11.3 points and 7.8 rebounds per game that year, as Florida made it to the Elite Eight of the NCAA tournament.
Fellow Florida Gator Bradley Beal also signed a new contract, as he agreed to a five-year $128 million deal to stay with the Washington Wizards.