As of last week, it appeared as though no extension offer had been made by the Cowboys to Micah Parsons. That has apparently changed, and the team is willing to go to record-breaking lengths to get a deal done. 
Dallas has submitted an offer which will make Parsons the league’s highest-paid non-quarterback, Clarence Hill Jr. of All DLLS reports. That title currently belongs to receiver Ja’Marr Chase, whose Bengals extension averages $40.25MM per year. Amongst edge rushers in particular (and defenders in general), Browns All-Pro Myles Garrett leads the way at $40MM annually.
Interestingly, Hill adds an agreement is in place following a meeting between Parsons and owner Jerry Jones. Serious extension talks were not believed to have ocurred prior to this latest update. A sticking point with respect to a contract being signed, however, is the fact the summit between Jones and Parsons did not involve the latter’s agent, David Mulugheta. No talks with Mulugheta present have taken place since the Combine, per Hill.
“Some guys want to visit,” EVP Stephen Jones recently said when speaking about Parsons’ situation (via Jon Machota of The Athletic). “And some guys don’t want to visit about their money. We respect both ways. But if players want to come in and talk to us, we got an open-door policy, whether it’s Jerry or myself. Micah likes to visit, so that’s a good thing.”
Jerry Jones confirmed on Tuesday that multiple meetings with Parsons have occurred and that an agreement is in place on several contract-related fronts (h/t ESPN’s Todd Archer). Nothing is imminent at this time, however. Nevertheless, it is clear considerable progress has been made toward ensuring the 25-year-old remains in Dallas for the foreseeable future.
Parsons has racked up between 12 and 14 sacks each year to date. He is under contract for 2025 as a result of the team’s decision to pick up his $24.01MM fifth-year option, but a long-term pact will of course be much more expensive. The four-time Pro Bowler has been attached to an asking price of $200MM on his extension, although it is unclear how long such a pact would be. Hitting that total on a five-year deal would match Garrett’s AAV; if the Cowboys are indeed prepared to move Parsons to the top of the defensive pecking order, though, his new deal will need to be shorter or reach an even higher total value.
The Cowboys made a pair of monster long-term commitments in Dak Prescott and CeeDee Lamb last offseason. It quickly became clear a new Parsons accord would need to wait until 2025, and the Penn State product’s initial goal of working out a deal before free agency was pushed back to training camp. Given today’s development, hitting that new target certainly seems feasible.
The team has previously spoken to Parsons about attending voluntary workouts this spring. On that point, new head coach Brian Schottenheimer said (via Archer) he expects that to be the case. Dallas’ offseason program begins April 7, and Parsons attending could represent another sign an agreement is close.
Well they waited so long they basically have to at this point.
Yeah they should totally have extended him at least 2-3 years ago or even after he had his name called in the draft.
The guy’s only 25, he plays one of the two highest paid non-QB positions, he’s been All-Pro three of four seasons he’s been in the league, he’s only missed four games as a pro, and he’s sixth all time in sacks through four seasons.
So yeah, they’d better be either willing to make him the NFL’s highest paid non-QB or be willing to trade him. Those are the only realistic options.
Feels like a perfect trade piece, going with rookies is the cheaper option and they don’t exactly have a lot of good options. Its just hard to trade that type of elite talent away.
Yeah, it’s also hard to get value for a hall of fame track premium position player still with a lot of prime years left. There’s the abstract idea of a trade and then there’s the reality of making one that’s actually worth it and makes you feel confident you’re not going to feel stupid in a year or two.
Those aren’t stats to pay him the most though? Maybe 4th most. Lol. 😂
He’s on a hall of fame track at arguably the second most valued position in football, he hasn’t turned 26 yet, and it’s his turn to get paid. That’s the profile of someone who gets the most non-QB money in football.
They would have rather had 4 other people. All I’m saying. He’s top 5 money. Just next up gets you 1 money. He ain’t 1. But I want him to be.
I guess the Cowboys will field a team of 3 players since they won’t have money to sign anyone else. It’ll be a team of minimum wage players and 3 overpriced players.
A fool and his money are soon parted. The Jerry Jones Autobiography.
This is not true at all. This guy trips and falls and lands in a gold mine. Lol. He’s anointed for some reason. Guy special.
Haven’t the Joneses previously gotten in trouble with the NFLPA for going around agents in negotiations? Has Jerry finally realized that players have no reason whatsoever to take a pay cut to play for his garbage team?
Ur about as Bright as Midnight!!!
Typical Jerry move, wait too long to sign their high profile players, have to overpay and then don’t have enough to keep the re seed t of their players. The rest of the NFC East loves Jerry in their division.
The rest
His desire to lock him up and keep him from going home and balling out as an Eagle (like Saquan) will lead to a big overpay.