Parker Adds A Year And A Quick $50,000May 22nd, 2012
In what feels like a somewhat bizarre contract extension, Preston Parker has nailed down a non-guaranteed $1 million deal for the 2013 season, per NFL.com.
Parker gets $50,000 to sign on the dotted line now but next year is not guaranteed. After this season, Parker’s third in the league, he would have been in line to become an old fashioned restricted free agent. And he likely could have scored more than $1 million if he had a good season in 2012.
Parker was due to earn $540,000 in non-guaranteed base salary as an exclusive rights free agent this season. As part of the extension, Parker received a $50,000 signing bonus (the only portion of the contract that is guaranteed) and is scheduled to earn $1 million in base salary in 2013.
From a business standpoint, Joe’s not quite sure why Parker made the deal unless he was really itching for the $50,000 up front. On second thought, Joe takes that back. Joe would do almost anything for a $50,000 check.