HEADLINES

Micah Parsons

Latest On Cowboys’ Contract Holdups

August 21st, 2024 at 10:17pm CST by Ely Allen

Cowboys owner/president/general manager Jerry Jones is starting to tip his hand. All offseason, we have watched the market for quarterbacks and wide receivers be reset as other teams across the NFL pay their players, some of whom were not free agents and still had time left on their contracts. All the while, Dallas has been negotiating, leaving quarterback Dak Prescott, wide receiver CeeDee Lamb, and outside linebacker Micah Parsons as some of the few players with unresolved contract issues.

In an interview today, Jones clued us in as to why the Cowboys seem to be resting on their laurels while the rest of the league signs their players. DallasCowboys.com writer Nick Harris provided the full quote.

“Well, again, we’re just continuing to talk,” Jones started before getting to the point at hand. “The thing is there, since we’re really (nearing) in-season, practicing, doing all those things, we’re operating under the existing contract really good.

“One of the things that the fans should really understand is that, nine times out of ten, these are existing contracts that you have in place. You should be able to operate under those, but we’ve gotten it now in the NFL — other teams are dealing with it — with some time on the contract, you still might have a contract discussion. And that’s what we’re doing. None of us — player or team — want to hurt the preparation or likelihood of playing at your best.”

There it is. It’s seemed as if the Cowboys are sitting on their hands in terms of extending their three stars because Jones seemingly wants the players to honor the remainder of their contracts before taking extension conversations seriously. On its surface, this seems like a reasonable expectation, until the flipside shows teams cutting veterans with multiple years left on their contracts because they don’t want to be beholden to the cap figures they agreed to.

It’s strange to see Jones play ignorant to the concept that there is value in keeping your star players happy by offering them security and a raise above what they are already owed. One of the league’s most-talented defenders, Parsons is set to be paid as the 76th highest-paid edge rusher (in terms of annual average contract value) in the NFL in 2024. He’ll receive $2.99MM in cash this year. Lamb is set up a little better with his fifth-year option paying him $17.99MM this year, though that amount would qualify as the 25th-highest annual average for receivers in the league.

Prescott is rightfully content to play out the 2024 season on his current deal, as he’ll receive $34MM in cash this year, but one might think that his $55.13MM cap hit in 2024 might encourage Jones to work out a new deal to reduce his cap impact. The team has already shoveled $54.14MM of Prescott’s cap numbers into future void seasons, so perhaps Jones is hesitant to dig the future hole even deeper.

Jones already voiced a lack of urgency in extending Lamb. The holdout receiver could do nothing but laugh on social media as a response. Jones’ comments today concerning Prescott’s situation indicate more of the same. While other teams are attempting to stay ahead of the ever-inflating contract numbers around the NFL, Jones is keeping his wallet closed for now. Jones even blamed some of his tight-purse tendencies on the NFL’s DirecTV case that could involve a large payout from the league.

Regardless, it seems evident that, at the very least, an extension for Prescott will not likely occur before the start of the regular season. Parsons seemed to be on a lower priority level than Prescott, so he will likely have to wait, as well. As for Lamb? He continues to hold out as offers are proffered and rejected. While media pundits seem to think that Lamb will be out there for Week 1, Jones’ continued nonchalance in negotiating could end up forcing Lamb to continue his holdout into the regular season.

Dak Prescott’s Price Point Beyond $55MM Per Year; Cowboys Closer With CeeDee Lamb?

August 9th, 2024 at 9:52pm CST by Sam Robinson

The Cowboys remain in talks with both Dak Prescott and CeeDee Lamb, but the standout duo remains a contract-year combination. Months into these proceedings, Lamb is holding out and Prescott continues to wield enormous leverage.

While Prescott has said the right things about another deal with Dallas, his asking price is justifiably high. The ninth-year quarterback is seeking a contract that breaks the NFL AAV record, with The Athletic’s Jeff Howe indicating the Cowboys are negotiating with a player aiming for more than $55MM on average (subscription required).

Given Prescott’s position, it is understandable his price point has reached this place. The parties are not believed to be close on terms, per Howe, though the Cowboys made an offer recently. COO Stephen Jones has also said the ball is in the QB’s court.

As mentioned regularly here (though, perhaps not quite as often as Brandon Aiyuk particulars), Prescott holds a no-trade and cannot be franchise-tagged in 2025. His 2024 cap number ($55.13MM) will break a league record — as Deshaun Watson and other QBs are poised to as well — and the Cowboys would take on $40.13MM in 2025 dead money if they let their QB’s contract expire by the start of the 2025 league year. Rarely in this position with players, the Cowboys are here because they could not come to an agreement on a second contract with the former Offensive Rookie of the Year until a third offseason of negotiations (2021).

The Cowboys “badly” want Dak back on a third contract, Howe adds, and have been trying to finalize a deal before free agency becomes a real possibility. But they are negotiating with a player who has outperformed a few of the QBs who recently joined the $50MM-per-year club. That said, all eight passers presently among that contingent have not yet turned 30. Prescott will turn 31 this season. Though, the 2023 second-team All-Pro remains squarely in his prime and just saw Kirk Cousins collect $100MM in practical guarantees coming off an Achilles tear at 35.

If Prescott pushes this toward free agency, suitors will be there. The Cowboys not playing ball now would run the risk of a historically rare development. On the other side, Dallas will need to again agree to player-friendly terms if it wants to keep Prescott. A deal that hits $60MM per year with a strong guarantee structure will likely be required if Dak is to sign before the season starts. Otherwise, this saga figures to linger to the point other teams will start becoming connected to the former fourth-round find.

Starting over is not exactly a sought-after reality for a Cowboys team that is riding three straight 12-win seasons, but the team does have two other top-market extensions — those for Lamb and Micah Parsons — on its radar. Describing Parsons’ pact as a backburner issue — which runs counter to a recent assessment of the All-Pro pass rusher’s situation — Howe indicates the Cowboys appear closer on terms with Lamb than they do Prescott.

After Jerry Jones said the team does not have urgency to extend the holdout wide receiver, Lamb offered an “lol” X response. Prescott, via The Athletic’s Jon Machota, indeed said he urgently wants the team to pay his top weapon.

The sides have exchanged offers, however, and Howe notes progress has emerged. This deal is viewed as being closer to completion. The Cowboys can waive the daily fines Lamb is accruing due to the fifth-year target being on a rookie contract.

A late-July report pegged Lamb as not being insistent on becoming the NFL’s highest-paid non-QB — a title Justin Jefferson holds at $35MM per year — and Howe indeed offers the Cowboys are hesitant about reaching the AAV the Vikings WR secured in June. Lamb would then stand to command a number between Jefferson and No. 2 on the current list (A.J. Brown‘s $32MM average).

While guarantees could then be a Cowboys concession if they are truly unwilling to go where the Vikings went regarding AAV, the team prefers longer-term deals compared to those receivers have landed this offseason. Dallas has not fully guaranteed a receiver more than $40MM — the Amari Cooper figure from 2020 — but surely realizes it will take more to wrap the Lamb talks. D.J. Moore securing $82MM in total guarantees from the Bears certainly should set a Lamb floor; only Brown ($84MM) is between Moore and Jefferson in this category.

The Cowboys still have some time, but the team has undoubtedly seen prices rise by waiting this long. Although Jones brushed off the notion urgency is needed here, it would surprise if at least one of the two stars was not extended before Week 1.

DE Micah Parsons’ Extension Not On Backburner For Cowboys?

August 2nd, 2024 at 10:42pm CST by Ely Allen

The Cowboys have had a busy offseason, yet they’re still waiting for a good amount to get done. Yes, that offseason did include a changing of coordinators, the signing of some free agents, and a draft, but what many have viewed as Dallas’ most pressing concerns have yet to be taken care of.

Contract extensions for quarterback Dak Prescott and wide receiver CeeDee Lamb have seemingly been on the forefront in the front office of late, but owner/president/general manager Jerry Jones insists that that doesn’t mean they aren’t thinking about defensive star Micah Parsons, as well, per Todd Archer of ESPN.

For the last several weeks, we have been seeing updates on the contract situations for Prescott and Lamb. Unlike Parsons, both players are on contract years. Like Parsons, though, both players are likely to set to high marks at their position for salary numbers. Prescott and Lamb are both hoping to earn new deals, but they’re set to receive $34MM and $32.13MM, respectively, in cash this year. They’d obviously prefer long-term security, but playing out their currents deals is not the end of the world.

It should be a much bigger priority for the team as the two make up cap hits of $55.13MM and $17.99MM, respectively. Signing their two offensive stars to new contracts would allow the Cowboys to reduce their cap impacts for the 2024 NFL season providing a significant amount of breathing room to sign last-second veterans or push at the trade deadline. In order to do so, though, they are going to need to work harder to get new deals done.

The opposite situation applies to Parsons’ situation. This year, Parsons only represents a $5.43MM cap hit for Dallas, and he’ll only receive $2.99MM in cash — perhaps one of the league’s best bargains. The team also picked up his fifth-year option, so they know he’ll be under contract at least through next season. Still, Jones denies that the team is taking this approach.

“Well, first of all, I know what you’re implying,” Jones said in reply to a question asking about the status of Parsons’ contract in regard to Lamb and Prescott’s. “He’s not a backburner issue, but that’s not the point. You’re saying, ‘how about the urgency of his contract?’ And I think that, obviously, Micah’s a key player for the Cowboys and, in my mind, just really getting started.

“It’s exciting with what (Cowboys defensive coordinator Mike Zimmer)’s got him (doing), how he’s practicing, and what they’re thinking about how they might be using (him) to get more production.” Jones concluded, “He’s front and center, and his potential future, relative to contract, impacts our thinking today about contracts. So, in that sense, he’s in the view, the mirror.”

Jones’ comments don’t do much to ease any concerns that Parsons is on the backburner. He lauds Parsons for his impact on the field and is excited about how he’ll work with his new defensive coordinator. He even offers that Parsons’ potential extension impacts how they’re thinking about Prescott and Lamb’s deals. But he doesn’t offer much in the way of progress on an actual Parsons extension.

It seems the Cowboys will likely do as they have done with Prescott and Lamb, taking advantage of every bit of time in Parsons’ current deal. They’ll likely scramble to try and make sure that they don’t have to pay the outrageous figures of the fifth-year option, but for now, Jones’ comments do not paint Parsons as much of a priority.

Stephen Jones On Cowboys’ Extension Efforts

July 19th, 2024 at 10:02am CST by Adam La Rose

With training camps beginning to open around the NFL, numerous extension agreements are likely to be finalized in the near future. For the Cowboys, negotiations on several fronts are ongoing.

COO Stephen Jones made an appearance on The Athletic’s Scoop City podcast to discuss where things currently stand with respect to contract talks for quarterback Dak Prescott, wideout CeeDee Lamb and edge rusher Micah Parsons. Prescott and Lamb are entering the final year of their respective deals, and keeping both in the fold while leaving enough cap resources to extend Parsons will prove to be a challenge. It is one the Cowboys are optimistic can be met, though.

“Well those things take time,” Jones said. “And we’re talking about deals here. You know when you’re talking about CeeDee and Dak and you know somebody like a Micah coming up. I mean you’re talking about two players that aren’t quarterbacks that feel like they ought to be a little bit like [Justin] Jefferson, the top-paid non-quarterbacks in the league.

“And, of course, we’ve got a big one in Dak. And we got [Trevon] Diggs right there. And then you got Zack Martin and [DeMarcus Lawrence]. And so we got a lot of guys making you know quite a bit of money. And you know that’s no excuses. We think we can get this done, know we can get it done. But it just takes time.”

Prescott’s deal is positioned to check in at the highest AAV figure, but both Lamb and Parsons have been connected to an asking price which would allow them to top their respective markets. Dallas is not looking to go to those lengths, though in any event much will depend on the particulars of Prescott’s extension. When addressing the latter point, Jones confirmed he and owner Jerry Jones have been in communication with Prescott himself as well as agent Todd France.

A Prescott accord will likely be finalized before one for Lamb – something which could lead to a training camp holdout if the franchise record-setting wideout does not have a deal in hand in the near future. Week 1 represents a more firm deadline, of course, but the start of camp will be an interesting checkpoint to watch for as Dallas continues to negotiate multiple big-ticket extensions. If the Prescott talks gain traction during the coming days, at least one item off the team’s checklist could be taken care of.

Community Tailgate: The Cowboys’ Contract Dilemma

July 10th, 2024 at 10:34pm CST by Sam Robinson

The 2019 Cowboys offseason featured several extension candidates. The team ended up paying most of them, giving extensions to Ezekiel Elliott, Dak Prescott, La’el Collins and Jaylon Smith. Dallas eventually re-signed Amari Cooper, though he hit free agency before that deal was finalized. Byron Jones departed for Miami shortly before the Cooper agreement.

Although one of the extensions — Prescott’s — affects where the Cowboys are now, this offseason’s dilemma dwarfs where Dallas stood five years ago. Three players — Prescott, CeeDee Lamb, Micah Parsons — are either in contract years or eligible for an extension. Each member of the trio can make a case to become the highest-paid player at his position. For Lamb and Parsons, that means the highest-paid non-QB. Prescott has unique leverage to force the issue into not only becoming the NFL’s highest-paid player but creating a gap between himself and No. 2 on that list.

The Cowboys are not believed to want to set markets, but they may not have a choice. This qualifies as a good problem, given the talent Parsons and Lamb have displayed on their rookie deals. Prescott has not proven himself to be as good at his position compared to the younger Cowboys stars, but as an upper-echelon quarterback, he would carry significant leverage even if his contract situation veered toward a standard place.

But Dak’s circumstances are far from standard. The former Day 3 sensation bucked the trend by playing out his fourth season, for fourth-round money, and waiting on an extension. This meant a year on the franchise tag. Despite that 2020 season being cut short by an ankle injury that still impacts him today, Prescott secured a four-year, $160MM deal just before the March 2021 deadline to apply franchise tags. Prescott became the outlier Cowboy standout, signing for less than five years, and his leverage-maximization tactics led to a procedural franchise tag and a no-trade clause. Part one of that effort looms large years later.

It is hard to overstate how much leverage the Cowboys have given their ninth-year quarterback. Not only can Prescott not be tagged or traded, an offseason restructure placed a $40.13MM dead money figure in play for 2025. That penalty would hit Dallas’ 2025 cap sheet if Prescott is not re-signed before the start of the 2025 league year. The Vikings are taking this medicine after Kirk Cousins departed in March, though Minnesota’s dead cap hit from that defection is $28.5MM.

Prescott is also tied to what would be a record-setting 2024 cap number ($55.13MM) — Dak, Deshaun Watson and Daniel Jones would each set that record barring changes to their contracts — but the void years on his contract threaten a future penalty. A Zack Martin restructure would also give Dallas a $26.5MM dead cap hit if he is not re-signed before the ’25 league year. Prescott, 30, securing a deal in the $60MM-per-year ballpark should be considered in play based on the ammo he carries.

While the 49ers have seen their Brandon Aiyuk talks impacted by another receiver market boom, the Cowboys are more directly affected by what took place in Minnesota last month. The Vikings gave Justin Jefferson a $35MM-per-year deal that includes record-smashing guarantees ($110MM in total, $88.7MM at signing). The latter figure hovers a staggering $36MM north of the next-closest wideout. Aiyuk has been tied to wanting a guarantee north of $80MM; Lamb — a two-time Pro Bowler and 2023 first-team All-Pro — has proven more and can make a stronger case for Jefferson-level terms.

As they prepare to make a strong Prescott offer, the Cowboys may well have their QB in place as a higher priority compared to their top pass catcher. Lamb can be tagged in 2025, and while the team has used its franchise tag in six of the past seven years, a cap hold near $25MM would be an issue. Though, the Cowboys — albeit without Prescott, Martin and Lamb signed for 2025 — are projected to hold more than $64MM in cap space next year. They would have an easier time tagging Lamb than the 49ers would cuffing Aiyuk. For 2024, a Lamb holdout looms. Martin succeeded down this path last year, but Lamb’s matter is different due to the WR seeking a monster extension instead of more security on an existing contract.

Expecting to become the NFL’s highest-paid non-QB, Parsons has said waiting until 2025 for his payday would be acceptable. Another cap jump and another dominant season would put him on track to command close to $40MM per year, though the Cowboys do not expect next year’s cap spike to match this year’s $30.6MM jump. If the Cowboys do finalize extensions for Prescott and Lamb this year, will three top-market contracts be a workable scenario?

Of the three, Parsons is probably the best overall player. The three-time All-Pro is tied to a 2025 fifth-year option and could be tagged in 2026, separating this matter from the near-future Prescott and Lamb deadlines. But the Cowboys will certainly need to factor in a Parsons payday as they navigate talks for their QB-WR combo.

The team would have saved money by extending Prescott or Lamb last year, but the team checked off other boxes — re-ups for Trevon Diggs and Terence Steele — as these expensive matters lingered. Time is running out for Jerry Jones and Co. to begin enacting solutions before training camp.

How will the team end up resolving this quandary? As costs rise, will trade rumors emerge surrounding one of the standouts? Weigh in with your thoughts on the Cowboys’ situation in PFR’s latest Community Tailgate.

Cowboys’ Micah Parsons Expects To Become NFL’s Highest-Paid Non-QB

June 5th, 2024 at 10:32pm CST by Sam Robinson

Micah Parsons is probably the Cowboys’ best player, but he appears to sit third in the team’s latest extension queue due to contract timelines. Dak Prescott and CeeDee Lamb‘s contract-year statuses make their situations front-burner matters. Parsons appears fine waiting.

Rather than push the issue ahead of his fourth seasons, Parsons is prepared to see where the market will go once his time to see market-changing money comes. During the fifth-year option era (2011-present), the Cowboys have paid three first-rounders (Tyron Smith, Travis Frederick, Ezekiel Elliott) before their fourth seasons. Dallas exercised Parsons’ fifth-year option, but it does not seem like an early deal — given the Prescott and Lamb matters — is coming.

[RELATED: CeeDee Lamb Not Present At Cowboys’ Minicamp]

“I’m patient. Patience is a virtue,” Parsons said, via the Fort Worth Star-Telegram’s Clarence Hill. “I’m waiting my turn. Let CeeDee go get whatever. Let Dak get whatever. I kind of know where the money is. It’s not like I see the Cowboys with $90MM in cap space.

“This market is going to just jump up and the cap goes up again next year. They’re talking about these contracts might for a high-caliber player might be up to $40MM by then.”

When asked if he expected to become the NFL’s highest-paid non-quarterback on his second contract, the All-Pro Dallas defender replied, “I mean, yeah.” Parsons, 25, will have a clear-cut case to surpass Nick Bosa‘s $34MM-per-year deal and Justin Jefferson‘s new $35MM-AAV accord. While the cap might not take another $30MM jump in 2025, it will check in higher than its $255.4MM place next year. This bodes well for Parsons, who has displayed transformative abilities during his rookie contract.

Frequently battling double-teams, the 2021 first-round pick is 3-for-3 in All-Pro nods (two first-team selections) and is one of just five players in the sack era (1982-present) to record 40 sacks over his first three seasons. The Cowboys did well by nabbing Parsons following a trade down to No. 12, which helped the Eagles outflank the Giants for DeVonta Smith; they will need to reward their impact defender in the not-too-distant future.

The 49ers’ Bosa extension talks came down to the wire last September, with the former Defensive Player of the Year inking a deal that placed him nearly $6MM north of previous top edge earner T.J. Watt. Although Brian Burns and Josh Allen have signed extensions this offseason, their deals barely outpace Watt’s for AAV. No one is within $20MM of Bosa’s guarantee number ($122MM); the San Francisco dynamo’s $88MM full guarantee checks in $8MM higher than Watt’s. The Bosa deal should set the floor for the Cowboys, who should have more financial clarity by the time they enter serious extension talks with Parsons (likely in 2025).

Parsons is tied to a $2.99MM 2024 salary and a fully guaranteed $21.32MM fifth-year option number. The Cowboys are in the rare position of needing to consider record-setting QB, WR and defender payments on one cap sheet. The team is expected to make a strong Prescott extension offer — one that would reduce his 2024 cap hit from its eye-popping $55.13MM place — this summer and has viewed 2024 as the Lamb extension window. Jefferson’s guarantees will complicate Lamb talks, which will occur as Prescott carries considerable leverage against his team.

Despite their past early extension efforts, the Cowboys have taken some heat for creating this situation. While this can be dubbed a good problem due to the talents of Prescott, Lamb and Parsons, the team will certainly see its depth tested if it opts to pay all three players. No trade rumors have emerged regarding the trio; Prescott holds a no-trade clause.

For now, Parsons appears set to play a fourth season on his rookie contract. Bosa and Aaron Donald did so in the past. But the Cowboys waiting with the Penn State product runs the risk of upping his asking price when negotiations commence.

Jerry Jones On Cowboys’ Financial Approach

April 28th, 2024 at 3:20pm CST by Adam La Rose

The Cowboys’ lack of outside additions in free agency and movement in terms of extending their top players has been a key talking point this offseason. Many of Dallas’ younger in-house options will be counted on to take a step forward in 2024, while plenty of attention remains focused on the financial futures of quarterback Dak Prescott, wideout CeeDee Lamb and edge rusher Micah Parsons.

To no surprise, owner Jerry Jones has faced plenty of questions related to Dallas’ comparative inaction on the market in 2024. Linebacker Eric Kendricks and running back Royce Freeman represent the only veterans brought in to date, and the team’s tight cap situation is a key reason why. As Jones recently stated, retaining any or all members of the Prescott-Lamb-Parsons trio will lead to notable complications elsewhere on the roster.

“Our rules of this game is to have a salary cap,” Jones said, via The Athletic’s Jon Machota (subscription required). “There’s no question we’ve been operating on the credit card. That’s how we’ve had Dak Prescott plus his great supporting cast around him for the last three or four years… So if you decide to have a key player and you pay him to that extent, then he’s going to have less supporting cast around. Look around. That’s the way it works.

“We have known that you were going to basically have to have less in order to have some of the players that we want to have at the prices they are. You got to have less supporting cast. There’s no getting around it.”

The Cowboys have indeed enjoyed having Lamb and Parsons on their rookie contracts while retaining Prescott at a high cap hit. The latter is in line to play out 2024 on the final year of his pact, and while Dallas is hopeful a new agreement can be worked out, the 30-year-old recently suggested he is open to reaching free agency. Prescott could command $60MM per year on a new accord, and Lamb and Parsons could each approach the top of the market at their respective positions.

Especially in recent years, many teams around the league have attempted to get ahead of the curve by locking up top producers early and leaving others to react to a new price point. Jones confirmed the Cowboys are instead taking a different approach with their foundational players. In the case of Prescott and Lamb in particular, Dallas is content to wait for the next wave of new deals.

“We’d like to see some more leaves fall,” Jones added. “We’d like to see some more action… It’s on your mind. It’d be madness not to know that the contracts are ahead. I want to see a few more cards played, candidly. If you got trouble with when the timing is around here, it’s because I’m not ready to go.”

The top of the QB market has surpassed $50MM per season, while the league’s ascending receivers are benefiting from the position’s lucrative nature. Recent extensions for the likes of DeVonta Smith, Amon-Ra St. Brown and A.J. Brown have offered a potential framework for a Lamb deal. The likes of Justin Jefferson, Ja’Marr Chase and Jaylen Waddle could also push the top of the market even higher.

Lamb is absent from Dallas’ offseason program amidst the lack of negotiations on an extension. Given the way things are headed from a financial standpoint, any new deal (which could avoided for several months since he is set to play out his fifth-year option in 2024) will drastically alter Dallas’ cap situation. That is certainly true of Prescott and Parsons as well (both of whom also are still firmly in the team’s long-term plans), but a patient approach will apparently remain the Cowboys’ preference.

2025 NFL Fifth-Year Option Tracker

April 24th, 2024 at 10:57pm CST by Sam Robinson

NFL teams have until May 2 to officially pick up fifth-year options on 2021 first-rounders. The 2020 CBA revamped the option structure and made them fully guaranteed, rather than guaranteed for injury only. Meanwhile, fifth-year option salaries are now determined by a blend of the player’s position, initial draft placement and performance- and usage-based benchmarks:

  • Two-time Pro Bowlers (excluding alternates) will earn the same as their position’s franchise tag
  • One-time Pro Bowlers will earn the equivalent of the transition tag
  • Players who achieve any of the following will receive the average of the third-20th-highest salaries at their position:
    • At least a 75% snap rate in two of their first three seasons
    • A 75% snap average across all three seasons
    • At least 50% in each of first three seasons
  • Players who do not hit any of those benchmarks will receive the average of the third-25th top salaries at their position

With the deadline looming, we will use the space below to track all the option decisions from around the league:

  1. QB Trevor Lawrence, Jaguars ($25.66MM): Exercised
  2. QB Zach Wilson, Broncos* ($22.41MM): Declined
  3. QB Trey Lance, Cowboys** ($22.41MM): Declined
  4. TE Kyle Pitts, Falcons ($10.88MM): Exercised
  5. WR Ja’Marr Chase, Bengals ($21.82MM): Exercised
  6. WR Jaylen Waddle, Dolphins ($15.59MM): Exercised
  7. T Penei Sewell, Lions ($19MM): Extended through 2029
  8. CB Jaycee Horn, Panthers ($12.47MM): Exercised
  9. CB Patrick Surtain, Broncos ($19.82MM): Exercised
  10. WR DeVonta Smith, Eagles ($15.59MM): Extended through 2028
  11. QB Justin Fields, Steelers*** ($25.66MM): Declined
  12. DE Micah Parsons, Cowboys ($21.32MM): Exercised
  13. T Rashawn Slater, Chargers ($19MM): Exercised
  14. OL Alijah Vera-Tucker, Jets ($13.31MM): Exercised
  15. QB Mac Jones, Jaguars**** ($25.66MM): Declined
  16. LB Zaven Collins, Cardinals ($13.25MM): Declined
  17. T Alex Leatherwood, Raiders: N/A
  18. LB Jaelan Phillips, Dolphins ($13.3MM): Exercised
  19. LB Jamin Davis, Commanders ($14.48MM): Declined
  20. WR Kadarius Toney, Chiefs***** ($14.35MM): Declined
  21. DE Kwity Paye, Colts ($13.4MM): Exercised
  22. CB Caleb Farley, Titans ($12.47MM): Declined
  23. T Christian Darrisaw, Vikings ($16MM): Exercised
  24. RB Najee Harris, Steelers ($6.79MM): Declined
  25. RB Travis Etienne, Jaguars ($6.14MM): Exercised
  26. CB Greg Newsome, Browns ($13.38MM): To be exercised
  27. WR Rashod Bateman, Ravens ($14.35MM): N/A; extended through 2026
  28. DE Payton Turner, Saints ($13.39MM): Declined
  29. CB Eric Stokes, Packers ($12.47MM): Declined
  30. DE Greg Rousseau, Bills ($13.39MM): Exercised
  31. LB Odafe Oweh, Ravens ($13.25MM): Exercised
  32. LB Joe Tryon-Shoyinka, Buccaneers ($13.25MM): Declined

* = Jets traded Wilson on April 22, 2024
** = 49ers traded Lance on August 25, 2023
*** = Bears traded Fields on March 16, 2024
**** = Patriots traded Jones on March 10, 2024
***** = Giants traded Toney on October 27, 2022

Cowboys Pick Up Micah Parsons’ Fifth-Year Option

April 24th, 2024 at 3:28pm CST by Adam La Rose

With the draft approaching, teams continue to make decisions on 2021 first-round selections’ futures. To no surprise, the Cowboys will keep edge rusher Micah Parsons in the fold for at least the next two years.

Dallas has picked up Parsons’ option, ESPN’s Todd Archer reports. The move – which the team has since announced – will come at a cost of $21.32MM, since the former No. 12 pick has been designated as a defensive end. A tender with an outside linebacker classification would have been costlier, but Parsons is nevertheless in line for a monster second contract.

Dallas, of course, has massive financial decisions to make with respect to Parsons, quarterback Dak Prescott and wideout CeeDee Lamb. Each member of that trio is due for a considerable raise, although Prescott is currently entering a walk year and Lamb – having been drafted one year before Parsons – represents a more pressing priority. The latter has said he is willing to wait on contract talks, but classifying defenders as defensive ends (rather than outside linebackers) often leads to grievances.

In many cases, compromises are made with time to spare in terms of multi-year deals being worked out or middle ground figures being agreed to on an option. Parsons has certainly made a case to take the top spot in the league in terms of annual compensation amongst edge rushers, a title which currently belongs to Nick Bosa ($34MM). That extension was signed on the eve of the 2023 campaign, and it has been followed by an historic jump in the salary cap ceiling. Parsons delivered a third straight Pro Bowl campaign this year, leading to a third-place finish in Defensive Player of the Year voting.

The 24-year-old has recorded 13, 13.5 and 14 sacks during his decorated career so far. That has earned him first-team All-Pro acclaim on two occasions (along with a second-team nod in 2023), cementing his status as a foundational member of Dallas’ defense. That will remain the case for at least the intermediate future, but progress on a long-term deal will be a story to follow this offseason.

A recent report on the Parsons situation indicated an agreement is still expected to be reached on a mega-extension. The Cowboys have been notably hesitant on the quarterback and receiver fronts this offseason, aiming to gauge the outside market at those positions before committing to Prescott and/or Lamb. Regardless of what happens with those two, a massive Parsons investment will be needed relatively soon to keep him in the fold and avoid any contractual conflict over his classification.

Cowboys To Classify Micah Parsons As DE On Fifth-Year Option

March 6th, 2024 at 11:19am CST by Sam Robinson

11:19am: The Cowboys may not have made a final decision on Parsons’ positional designation, but the Fort Worth Star-Telegram’s Clarence Hill indicates a D-end classification will draw a grievance from the defender’s camp. This may end up being a footnote, with Hill adding a Parsons extension is expected to come together over the next year. In the long-running saga of edge rusher positions factoring into salaries, a Parsons grievance would be a notable development.

8:46am: Many instances have come about during the franchise tag era of teams classifying edge rushers as linebackers as opposed to defensive ends, as the former designation saves a bit of money under the tag formula. Grievances have stemmed from these decisions, with compromises being reached on some occasions. The script may flip in Dallas.

This year’s franchise tag and fifth-year option numbers produced a higher linebacker salary compared to defensive ends. The LB tag comes in at $24MM, while the D-end number is $21.32MM. This will pertain to the Cowboys, who have refused in the past to label Micah Parsons a full-on defensive end despite the team regularly lining up the star defender at that spot.

While the Cowboys will make one of the easiest fifth-year option calls in history by exercising Parsons’ 2025 guarantee, the Dallas Morning News’ Michael Gehlken notes the team will classify Parsons as a defensive end when picking up the option.

Drafted as a linebacker, Parsons made the move to regular edge rusher fairly early in his career. But the Cowboys had previously pushed back on labeling the 2021 No. 11 overall pick a DE. The team would, however, stand to have a clear runway to label Parsons a DE due to the fast-rising star playing the bulk of his snaps at the position. Parsons played 87.8% of his defensive snaps on the D-line last season. With the Cowboys using a 4-3 scheme, this would not fall under the typical 4-3/3-4 dispute that commonly comes up regarding edge rushers’ tag or option numbers. Because Parsons has three original-ballot Pro Bowl nods on his resume, his fifth-year option doubles as the franchise tag number.

As of now, it would be unlikely Parsons plays the 2025 season on his option. The Cowboys found a dominant defender with that No. 11 pick three years ago, and the Penn State product is on a clear path toward the Hall of Fame. He will command a top-market extension. The option number could play a part in the team’s extension approach, which would introduce a new wrinkle in a process that usually plays out with teams preferring to label an edge rusher as a linebacker for financial purposes.

Since the 2011 draft began the option era, the Cowboys have extended four players (Tyron Smith, Travis Frederick, Zack Martin, Ezekiel Elliott) before they played a season on the fifth-year number. Smith, Frederick and Elliott signed new deals before their fourth seasons. Morris Claiborne and Byron Jones are the only Cowboys to play out a fifth-year option, doing so when it was guaranteed for injury only. Both left in free agency the following offseason. The Cowboys would surely use the franchise tag on Parsons in 2026 if his extension talks were to encounter a snag.

It will be interesting to see if Parsons follows Elliott’s playbook and forces the issue this offseason, though his February stance would not indicate as such yet. Players had more options regarding holdouts before the 2020 CBA changed the service-time requirement in an effort to prevent holdouts, leading to the hold-in tactic as a regular option during negotiations. The Cowboys would have Parsons attached to just a $2.99MM base salary if he is not extended this season.

While most teams wait until Year 5 to extend first-round picks, the Cowboys have made exceptions in the past. However, the team has a big-ticket CeeDee Lamb extension to negotiate this offseason, along with a potential Dak Prescott re-up. It is possible a Parsons move will be tabled to 2025, which would put the ball in the dominant sack artist’s court.

Load More Posts