The Houston Rockets have decided not to match the Mavericks' three-year, $46 million offer sheet for Chandler Parsons, which means the versatile forward will join Dirk Nowitzki in Dallas.

Parsons told ESPN.com he received the call from the Rockets just prior to 6 p.m. ET on Sunday informing him that they would not be matching the offer.

"I really appreciate the opportunity Houston gave me and I had three great years there," Parsons told ESPN.com, "but I am really excited for the next chapter of my career in Dallas -- to play with one of the greatest players in Dirk and a terrific owner in Mark Cuban."

Cuban was equally ecstatic to land Parsons, saying "Welcome to Dallas, Chandler Parsons!!!" via his Cyber Dust messaging app.

Sources told ESPN.com's Marc Stein that the teams have already begun to engage in sign-and-trade talks that could potentially create a trade exception for Houston, but Parsons is going to Dallas either way.

The 25-year-old Parsons averaged 16.6 points, 5.5 rebounds and 4.0 assists this past season -- his third with the Rockets.

Parsons will have a player option for the third year and can become an unrestricted free agent at the age of 27.

The Rockets had until 11:59 p.m. ET Sunday night to match the Mavericks' offer.