Wednesday July 9th, 2014

The Cleveland Cavaliers have pegged Houston Rockets free agent forward Chandler Parsons as their backup plan if LeBron James elects not to sign with Cleveland, reports Marc Stein of 

Parsons, who's entering his fourth NBA season, averaged 16.6 points, 5.5 rebounds and four assists per game last season, all of which were career highs. He's a restricted free agent, meaning the Rockets will have the opportunity to match any offer sheet that Parsons may sign with another team.

The clear priority for the Cavaliers is James, who spent his first seven seasons with the team and is reportedly choosing between Cleveland and a return to the Miami Heat.

After reportedly completing a three-team trade with the Brooklyn Nets and Boston Celtics involving Jarrett Jack, Tyler Zeller and others, the Cavaliers now have sufficient cap space to offer James a max deal, but will need to use their new space on one or more other players should James choose the Heat.

MORE NBA: Grading every free agent deal so far | Early free agency market trends

— Josh Sanchez

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.