Here’s the Dallas Morning News with a report on the Chandler Parsons situation:

Mavs, Rockets discussing a possible Chandler Parsons sign-and-trade

The Dallas Mavericks have not yet submitted their signed offer sheet to the Houston Rockets as both teams have been talking about the possibility of a sign-and-trade that would land Chandler Parsons in Dallas.

The Mavericks have until midnight to submit the deal to the Rockets, who then would have 72 hours to decide whether to match the three-year, $46-million offer for the restricted free agent.

It makes sense for the Mavericks to see if a sign-and-trade that might be equitable for both sides and eliminate the possibility of Houston matching the deal for Parsons. Once an offer sheet is submitted, sign and trades are not allowed.

“There’s communication because there’s sign-and-trade possibilities,” president of basketball operations Donnie Nelson said Thursday morning.