Control of the Miami Dolphins will pass from Wayne Huizenga to Stephen Ross on Tuesday, according to Barry Jackson of the Miami Herald.
As Jackson recently reported, Huizenga has agreed to defer less than one-third of the payments due from Ross, due to the problems Ross was experiencing in obtaining financing.
Huizenga previously has indicated that he wants to get the deal done before President Obama potentially increases capital-gains taxes. (For those of you who might not be paying attention, Obama became the U.S. President less than an hour ago.)
Once the deal is done, V.P. of football operations Bill Parcells will have a 30-day window within which to walk away from the remaining three years of his contract, with $12 million in hand and the ability to promptly accept employment with another team.
Surely, it’s not a coincidence that Parcells was at the Senior Bowl on Monday, despite the fact that only attended once during four years as head coach of the Cowboys.
Though Parcells supposedly has told Huizenga that Parcells won’t be leaving, we can’t imagine Parcells not taking full advantage of this opportunity to exert some leverage over the new boss.