He's definitely not worth the contract he signed (blame Grizzlies Management not Parsons) and he's having an awful year with the Grizzlies but he & Brandon Wright are huge factors to this team come playoff time. Right now the Grizzlies are a marginal playoff team but with a now healthy & increasingly productive Brandon Wright and if Parsons ever comes around to his normal play of 14 / 5 / 3 with good 3pt% then Grizzlies can become a dangerous team in the playoffs for anyone.
His biggest problems are he's not a good defender and compared to the rest of the roster he seems to be one of the lazier guys on the floor. I have no idea how this guy is such a good 3pt shooter when his shot is so flat. Also he seems to be very much about the NBA lifestyle outside of the lines (the clubbing, partying, the crew, the ho's, etc). VC has a routine that after every game he does 20 minute gym/weights workout and he's 40 years old...Parsons has been in the league 6 years and he seems more interested in hitting up groupies on instagram then getting himself correct to help the team out. The fact that Coach Fizdale sticks Parsons on the bench during crunchtime in the 4th and crucial plays says how much faith he has in the dude. I think this year might just be a wasted one for him & Grizz fans and the real/more productive Parsons will show up year 2....which is unfortunate because this Grizz nucleus isn't getting any younger and they have to wait on an immature party boy to catch up to their championship aspirations while that window swiftly closes.