For the Dallas Cowboys, re-signing Micah Parsons to a new multiyear deal should be a no-brainer. In just four years the former first-round pick has established himself as one of the NFL’s most feared pass rushers.
Parsons’ presence on the field has a ripple effect across the defense. Offenses have to scheme and strategize how to neutralize the 26-year-old playmaker, limiting options offensively and creating opportunities for teammates on defense in the process. He adds value to others and that’s darn near priceless. Darn near.
After Myles Garrett inked a four-year extension over the offseason the market on a top tier pass-rusher sits at $40 million annually. This is something Parsons knows quite well as does owner Jerry Jones. Rumors of a general agreement have been running rampant for quite a while now, yet no announcement has been made and a contract has yet to be signed. This state of limbo is causing fans to squirm and the media to speculate. There’s no saying for sure exactly what the holdup is in this situation but there are a few pretty clear reasons as to why a done deal would take so long to become official. Or perhaps I should say $332,000 reasons.
Every day a dollar stays in Jones’ portfolio is a potential for profit for the Cowboys owner. Based on estimates from Investopedia, an investment of $40 million stands to make an average of 10% in annual profit. That equates to 0.83% profit per month and a $332,000 monthly return.
That may not sound like much for a billionaire like Jones but that adds up.
Looking back at the negotiations between CeeDee Lamb and Dak Prescott, in both instances the market had been set and salary parameters were outlined far in advance, yet the Cowboys took their time, preferring to wait until the eleventh hour to make it official. All that time the money was working for Jones.
There may be other details to iron out and other factors in play but Jones clearly likes to hold onto his money as long as humanly possible and it’s not hard to see why.
