Report: RFA Chandler Parsons signs three-year offer sheet with Mavs

The Dallas Mavericks have just signed Houston Rockets restricted free agent Chandler Parsons to a multi-year offer sheet, per Marc Stein of ESPN.com.

According to Stein, the three-year deal would pay Parsons quite handsomely to join forces with future NBA Hall-of-Famer Dirk Nowitzki:

ESPN sources say Mavericks and Rockets RFA Chandler Parsons have reached agreement on three-year offer sheet worth in excess of $45 million

— Marc Stein (@ESPNSteinLine) July 9, 2014

Yahoo! Sports' Adrian Wojnarowski is reporting that the Rockets and Parsons worked diligently on a deal earlier in the day - to no avail:

Houston and Parsons, a restricted free agent, negotiated throughout day, but were unable to come to an agreement on a deal, sources said. — Adrian Wojnarowski (@WojYahooNBA) July 9, 2014

Parsons will sign his offer sheet with the Mavs early tomorrow, with the Rockets having 72 hours to either match or let Parsons walk in free agency:

Restricted free agent Parsons, I'm told, will sign deal early Thursday ... after which Houston will have three days to match Dallas' offer

— Marc Stein (@ESPNSteinLine) July 9, 2014

As of this point, there is no word on whether Houston will pay to retain Parsons. However, it's not looking like they will at this point:

No clear answer yet on Rockets matching sheet, but GM Morey had been on phone w/ agents for Ariza, Deng and Pierce today, sources tell Y.

— Adrian Wojnarowski (@WojYahooNBA) July 9, 2014

For all the latest on Parsons' offer sheet with the Mavs, stay tuned to Chat Sports and our Dallas Mavericks and Houston Rockets team pages.