Parker Adds A Year And A Quick $50,000

May 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

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.

8 Responses to “Parker Adds A Year And A Quick $50,000”

  1. The Dutcher Journal (Pete Dutcher) Says:

    Mr. Fumble gets an extension??? What a waste.

    People criticism Blount for putting the ball on the ground…Parker did it 3 more times than Blount.

    Although, same as Blount, if Parker fixes his fumble issues, he can be a good player. I have a feeling we’re looking at our new/old kick returner.

  2. grasshopp427er Says:

    sign me up

  3. Brad Says:

    Wow the GM experiment continues. How long does this guy get allowed to throw way others money. It’s not much but…

  4. TrueBlue Says:

    Good move. Not sure Parker’s the guy to return punts (prefer Sammmie Slaughter or maybe Michael Smith) but I like him for kick offs.

  5. BrianW Says:

    It’s a great deal for the team. We locked up our slot guy for $1M, and if we want to dump him we can. For him, he realized that restricted FA’s almost NEVER get offers from other teams anyway. So he’s got a little more job security by being under contract at least, plus $50k (new car?)!! I’ll take it now and be an unrestricted FA after next year, just like he would have been anyway. Win/Win… good management.

  6. Bill Says:

    WOuldn’t be shocked if Parker asked for a loan and this is the result.

  7. Rick Says:

    I’m with joe, that 50grrrrrrrrrrrrrrrrr check would be nice right about now.

  8. Mr Lucky Says:

    Just think with that 50K signing bonus Parker can take Penn out to dinner.