Cowboys would be wise to pay Micah Parsons as soon as they can

2023 NBA Playoffs - Boston Celtics v Philadelphia 76ers
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With quarterback Dak Prescott, the Cowboys played the waiting game — and lost. With Micah Parsons, they should not delay.

Parsons, regardless of whether he’s a linebacker or a defensive end, is arguably the best defensive player in football. He becomes eligible for a new contract immediately after the 2023 regular season ends. That’s when the Cowboys should make him the highest paid defensive player in NFL history.

Don’t wait until after the playoffs. Don’t wait until after Parsons has finished his fourth season. Get it done. The sooner, the better. The sooner, the cheaper.

They should start negotiating with Parsons’s people now. The terms should be in place pending the completion of Week 18. The new deal should be done the day after that happens, especially if the Cowboys qualify for the playoffs.

Push the injury risk to the Cowboys. Make him an offer he won’t refuse.

The math to get to the highest APY for any defensive player isn’t difficult. Rams defensive tackle Aaron Donald currently has the high-water mark at $31.667 million. Parsons is due to make $2.2 million in 2023 and $2.989 million in 2024.

So sign him to a four-year, $128 million extension after the season. Or a five-year, $160 million extension. With his 2024 pay, he’ll sign either a five-year, $130.989 million contract or a six-year, $162.989 million deal. Either arrangement has a new-money average of $32 million.

For the former, it’s an average from signing of $26.19 million. For the latter, the average from signing is $27.14 million.

The problem for the Cowboys could be that the nuances of old money and new money won’t be lost on Parsons. He’ll likely assess the deal based on value at signing, not new-money average.

Regardless, the Cowboys should start laying the foundation now for paying Parsons after the regular season ends. The longer they wait, the more expensive it will be. And the greater the chance Parsons will force his way to the franchise tag, play under it for two years, and then leave via unrestricted free agency.

11 responses to “Cowboys would be wise to pay Micah Parsons as soon as they can

  1. You would think/hope they’d have learned their lesson with Dak’s second contract negotiations

  2. Sign him and trade away Diggs would be the smart thing. I would NOT sign Diggs past his rookie deal.

  3. That’s why you don’t try to set terms now. If you have terms and he gets injured and THEN you try to renegotiate, you risk losing the loyalty of that player forever. Yes, do it as soon as possible, but never give preemptive terms that you may need to reneg on…

  4. Parsons, regardless of whether he’s a linebacker or a defensive end, is arguably the best defensive player in football.
    Lol – NO! DPOY is in San Francisco. However, Bosa will be paid this year. So, expect Parsons to top that given his contract will come later.

    But Cowboys FO being as intelligent as they are will wait and then get fleeced

  5. The Cowboys have a $40 million per year QB who will never help them win a Super Bowl so they might as well add a $30 million per year defensive player who will help them come up short year after year.

    To be fair, sort of, unlike Prescott Parsons does have Championship level talent.

  6. I have yet to see ANY player that plays above his contract extension with the exception of Patrick Mahomes. Seems like once these guys get paid they find reasons to be on the IL…see Jamal Adams, OBJ etc
    Parsons is a good player but once he isn’t hungry (paid)…his production will drop

  7. And don’t forget to make CeeDee and Diggs the highest paid at their position while signing Dak to an extension.

  8. Sure, pay him 160 million; then we can all complain when the league flexes Thursday night games in order to increase revenue.

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