Updated: December 17, 2011, 6:39 pm ET

Rockets sign rookie Chandler Parsons

By HOOPSWORLD
Basketball News & NBA Rumors

The Houston Rockets signed rookie Chandler Parsons to a four-year contract.

The deal is worth $3.7 million for Parsons, according to his agent Mark Bartelstein.

The first two years of the contract are guaranteed and includes conditional guarantees for the final two seasons.

Parsons was the 38th overall pich out of Florida, Parsons was playing in France before the NBA lockout was settled.

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