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Does Chandler Parsons make the Grizzlies an elite West team again?

How good are the Grizzlies with Chandler Parsons? Cary Edmondson/USA TODAY Sports

Welcome to the brave new world where the Memphis Grizzlies have landed one of the top free agents to change teams. Friday afternoon, former Dallas Mavericks forward Chandler Parsons reportedly agreed to a four-year, $94 million max offer to join the Grizzlies.

Now that Memphis also has agreed on a deal to re-sign Mike Conley, where do the Grizzlies fit in the Western Conference playoff picture going forward?