Nope - Parsons is a restricted free agent this year, that's why Houston did this now instead of taking his cheap option and letting him be an unrestricted free agent next year.
It's rumored that Houston has it's eye's on either Melo or Love to put along side Howard. The only way we could get Parsons, who I love, would be if Houston spends a ton of money on either Love or Melo, and we were to make an offer so high that they might refuse to match. Problem is, we don't have enough capspace to make such an offer, and even if we did, it's still likely that they would match. I'm still sick that we passed on Parsons when we had the chance to draft him. Where is Honeycutt now? Honeycutt was my second choice though.