On July 13, 2009, Pargo signed a one-year deal with the Chicago Bulls, bringing him back to the Bulls and the NBA for a second time. On September 24, 2010, he signed with the New Orleans Hornets. However, he was released before the start of the regular season because of his slow recovery from knee surgery. On March 20, 2011, Pargo re-signed with the Bulls. On December 16, 2011, Pargo was waived by the Bulls. On December 20, 2011, Pargo signed with the Atlanta Hawks. On October 1, 2012, Pargo signed with the Washington Wizards. On November 15, 2012, Pargo was released by the Wizards to make room for Shaun Livingston. On January 21, 2013, Pargo signed a 10-day contract with the Atlanta Hawks after injuries to Lou Williams and Devin Harris decimated their depth at the point guard position. On February 2, 2013, he signed a second 10-day contract with the Hawks. On March 14, 2013, Pargo signed a 10-day contract with the Charlotte Bobcats. On March 24, 2013, he signed a second 10-day contract with the Bobcats, and on April 3, 2013, he signed for the remainder of the season. On August 9, 2013, he re-signed with the Bobcats. In April 2014, the Charlotte Bobcats were renamed the Hornets. On July 25, 2014, Pargo re-signed with the Charlotte Hornets to a reported fully guaranteed one-year, $1.45 million contract. In his 2014–15 season debut on November 9, 2014, he became the first modern-day player to play for both the New Orleans Hornets and Charlotte Hornets franchises. On February 4, 2015, he was waived by the Hornets.
NBA Development League
On February 2, 2016, Pargo was acquired by the Oklahoma City Blue, and after rehabbing a left ankle sprain, he joined the team on March 31. That night, he made his debut for the Blue in a 122–117 loss to the Rio Grande Valley Vipers, recording 13 points, one rebound and two assists in 16 minutes off the bench. On February 23, 2017, Pargo was waived by the Blue.
In the summer of 2017, Pargo played in The Basketball Tournament on ESPN for team A Few Good Men. He competed for the $2 million prize, and for team A Few Good Men, he scored 21 points in his only game played. Pargo helped take team A Few Good Men to the Super 16 round, where they then lost to Team Challenge ALS 77–60.
Coaching career
On September 15, 2017, Pargo was named as an assistant coach for the Windy City Bulls of the NBA G League., On July 1, 2019, he was named an assistant coach for the Portland Trail Blazers.
NBA career statistics
Regular season
Playoffs
Personal life
Pargo's brother, Jeremy, is also a professional basketball player. Pargo and his wife, Malaysia, lived in Riverwoods, Illinois since 2009, but filed for divorce in 2014.