Parsons confirmed Tuesday via his personal Instagram account that he has retired from professional basketball.

The Hawks will waive Parsons (concussion) to complete the four-team, 12-player trade that was agreed upon Wednesday between Atlanta, Houston, Denver and Minnesota, Adrian Wojnarowski of ESPN reports.

Parsons is still in the first stage of the league's concussion protocol, Chris Kirschner of The Athletic reports.

Parsons' NBA future is unclear following injuries sustained in an automobile accident earlier in January, Chris Haynes of Yahoo Sports reports.

Parsons (concussion) has been ruled out for Monday's game versus Toronto, Sarah K. Spencer of The Atlanta Journal-Constitution reports.

Parsons (concussion) won't play in Saturday's game against Detriot, Kevin Chouinard of the Hawks' official site reports.

Parsons was involved in a car accident Wednesday and diagnosed with a concussion and whiplash, Chris Kirschner of The Athletic reports.

Parsons (wrist) is available for Saturday's game against the Nets, Sarah K. Spencer of The Atlanta Journal-Constitution reports.

Parsons is probable for Saturday's game against Brooklyn due to right wrist inflammation, Chris Kirschner of The Athletic reports.

Parsons (illness) is available for Thursday's game against the Jazz.