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On July 6, 2019, Parsons was traded to the Atlanta Hawks for Solomon Hill and Miles Plumlee. On January 15, 2020, Parsons was hit by a drunk driver, suffering a concussion and whiplash; Parsons had appeared in five games with the Hawks before the crash. On January 20, Parsons' attorney announced that his injuries could be career-ending. On February 5, Parsons was waived by the Hawks.

Parsons earned a starting spot for the 2018–19 season out of training camp, but only played in the first three games before being sidelined with right knee soreness. By the close of December, Parsons was still sidelined by order of the organization despite having been medically cleared to return on December 21. The Grizzlies were keen for Parsons to spend time in the NBA G League with their affiliate team, the Memphis Hustle, before deciding on returning Parsons to the active roster with the Grizzlies. Parsons had been willing to play in the G League but wanted a clearer plan and a timetable in place that would return him to the Grizzlies' active roster. As a result, on January 6, he left the team indefinitely as the two sides worked to structure a resolution on his future. On February 9, it was announced that Parsons would return to the Grizzlies after the All-Star break. On February 22, after having not played since the third game of the season, Parsons returned to the rotation, playing almost 20 minutes and scoring three points on 1-of-7 shooting in a 112–106 loss to the Los Angeles Clippers.

On October 28, 2017, Parsons scored 24 points on 9 of 11 from the field and 6 of 8 from 3-point range in a 103–89 win over the Houston Rockets. Parsons' 24 points were his best in 39 games with Memphis. Chandler had an extended stint on the sidelines between late December and mid-February due to right knee soreness. Despite only appearing in 36 games during the 2017–18 season, Parsons shot a career-best 42% from 3-point range.

Parsons returned to action in the third game of the 2015–16 season, then dealt with strict minutes restrictions for the first six weeks of the season. On January 24, 2016, he scored a season-high 31 points in a 115–104 loss to the Rockets. On March 25, he underwent successful surgery to address the torn meniscus in his right knee, ruling him out for the rest of the season.

On July 7, 2016, Parsons signed a multi-year contract with the Memphis Grizzlies. Heading into training camp, Parsons was on light duties coming off knee surgery. He did not play in the preseason or in the first six games of the regular season. On November 6, he made his debut for the Grizzlies against the Portland Trail Blazers, but in 22 minutes as a starter, he missed all eight of his field goals attempts. He appeared in six games for the Grizzlies before missing the next 17 with a bone bruise on his left knee, making his return to the line-up on December 21 against the Detroit Pistons. On March 13, 2017, he was ruled out indefinitely after he was diagnosed with a partial tear of the meniscus in his left knee. He subsequently missed the rest of the season with a third knee injury in three years.

On January 24, 2014, Parsons scored a career-high 34 points and made 10 3-pointers—all in the second half—in an 88–87 loss to the Memphis Grizzlies. He set an NBA record for 3s in a half and a franchise record for 3s in a game.

After the 2013–14 season, Parsons became a restricted free agent. On July 10, 2014, he received a three-year, $46 million offer sheet from the Dallas Mavericks. The Rockets declined to match the offer and Parsons signed with the Mavericks on July 15.

On December 17, 2014, Parsons scored a season-high 32 points against the Detroit Pistons. On March 8, 2015, Parsons returned to action against the Los Angeles Lakers after a seven-game absence with a sprained left ankle. Parsons missed the final six regular-season games due to a right knee injury. He played in game one of the Mavericks' first-round playoff series against the Rockets, then missed the rest of the series with the same knee injury. He subsequently had knee surgery on May 1.

In December 2013, Parsons appeared in print and video advertisements for Iconix Brand Group line Buffalo David Bitton with model Ashley Sky for the Spring 2014 line. In 2014, Parsons signed a sponsorship deal with Chinese shoe company Anta. The five-year deal is reportedly worth $1 million per year. Parsons has signed sponsorship deals with the Chinese telecommunications company ZTE and the California-based apparel manufacturer Stance.

Parsons was selected by the Houston Rockets with the 38th overall pick in the 2011 NBA draft. After playing three games with French team Cholet Basket during the 2011 NBA lockout, Parsons signed with the Rockets on December 18. In the Rockets' season finale on April 22, 2012, Parsons scored a season-high 23 points against the Miami Heat. For the season, he was named to the NBA All-Rookie Second Team.

On November 12, 2012, Parsons scored a career-high 25 points against the Heat. On November 23, he set a new career high with 31 points against the New York Knicks. On March 3, 2013, Parsons scored a career-high 32 points on 12-for-13 shooting in a 136–103 win over the Dallas Mavericks.

During the 2010–11 season, Parsons averaged 11.3 points and 7.8 rebounds in 34.1 minutes per game while leading the Gators to the best regular season record in the SEC. On January 23, 2011, the Gators trailed South Carolina by 1 when Parsons hit a three-point shot to give the Gators the win. On March 8, 2011, he was named the 2011 SEC Player of the Year, becoming the first Florida Gator to win that honor.

In his junior season, Parsons averaged 12.4 points, 6.9 rebounds and 2.6 assists per game. On January 3, 2010, Parsons hit a seventy-five-foot shot with no time left on the clock in overtime to give the Gators a one-point victory over North Carolina State. The Gators were invited to the NCAA Tournament, but lost to BYU in the first round.

During his freshman season, Parsons played in 36 games averaging 8.1 points per game and 4.0 rebounds per game, but the Gators failed to make the NCAA Tournament. During the 2008–09 season, Parsons saw more playing time and his scoring, rebounding and assists all improved. The Gators once again failed to make the NCAA tournament, though.

Parsons accepted an athletic scholarship to attend the University of Florida in Gainesville, Florida, where he played for coach Billy Donovan's Florida Gators men's basketball team from 2007 to 2011. Parsons commented that playing for four years under Donovan gave him an advantage over other players who left the team early.

Parsons was born in Casselberry, Florida, and attended Lake Howell High School in Winter Park, Florida, with future fellow Florida Gator Nick Calathes. Together, Parsons and Calathes helped the Lake Howell Silverhawks high school basketball team advance to the Florida Class 5A state basketball championship final four in 2005, 2006 and 2007, winning the state championship in 2007. As a senior, Parsons was a first-team all-state selection, and was recognized as the most valuable player of the state championship game after scoring thirty points and grabbing ten rebounds.

Chandler Parsons (born October 25, 1988) is an American professional basketball player. He played college basketball for the University of Florida and was drafted by the Houston Rockets with the 38th overall pick in the 2011 NBA draft.