AP Sources: Memphis lands Chandler Parsons for 4 years, $94M

Two people with knowledge of the situation tell The Associated Press that free agent forward Chandler Parsons has agreed to terms with the Memphis Grizzlies on a four-year deal worth $94 million.

The two sides came to agreement on Friday afternoon after meeting in Los Angeles. The people spoke on the condition of anonymity because the deal cannot be signed until July 7.

Parsons also met with the Portland Trail Blazers before deciding on Memphis.

He averaged 16.7 points and 5.7 rebounds for the Dallas Mavericks the last two seasons, but has dealt with injuries that limited him 127 games over that span.

Yahoo Sports first reported the agreement.