Tuna fishing? Parcells has opt-out clause
ESPN.com news services
Updated: December 28, 2008, 11:53 AM ET
Will Bill Parcells become a free agent -- again?
It's a possibility, hinging on whether Miami Dolphins owner Wayne Huizenga's sale of his majority ownership of the team goes through, sources told ESPN senior NFL analyst Chris Mortensen.
When Parcells joined the Dolphins as executive vice president of football operations last year, his deal included a one-time out clause that allowed him to walk away, with the rest of his $12 million guaranteed contract fully paid, no strings attached, if Huizenga sold the team.
Earlier this year, Huizenga agreed to sell 95 percent of the Dolphins to New York developer Stephen Ross. Huizenga hopes to close on the deal by early January to ensure that the capital gains taxes on the sale remain at 15 percent before President-elect Barack Obama takes the oath of office in January, Mortensen reported.
Parcells' contract specifically states only Huizenga can be in authority over him. Once Ross officially becomes majority owner, Parcells has to notify Ross within 30 days that he intends to exercise his walk-away clause and collect the full balance of $9 million, Mortensen reported.
At that time, Parcells would be a free agent. And any team that wants his services would not owe compensation to the Dolphins, according to the report.
Among the teams sources say are on Parcells' radar are the New York Jets, Detroit Lions, Cleveland Browns and the Oakland Raiders. However, if Parcells' son-in-law, New England Patriots vice president Scott Pioli, is interested in any of those jobs, Parcells is unlikely to wind up with that team, Mortensen reported.
Parcells could extend his opt-out clause by one year, but as presently written, the clause doesn't extend after one season, according to the report.
[ame="http://sports.espn.go.com/nfl/news/story?id=3795922"]Bill Parcells has opt-out clause, could walk away from Miami Dolphins - ESPN[/ame]
OMG!!!
IF he were to come to Oakland....that would mean the OLD MAN would be on his death bed...!!
ESPN.com news services
Updated: December 28, 2008, 11:53 AM ET
Will Bill Parcells become a free agent -- again?
It's a possibility, hinging on whether Miami Dolphins owner Wayne Huizenga's sale of his majority ownership of the team goes through, sources told ESPN senior NFL analyst Chris Mortensen.
When Parcells joined the Dolphins as executive vice president of football operations last year, his deal included a one-time out clause that allowed him to walk away, with the rest of his $12 million guaranteed contract fully paid, no strings attached, if Huizenga sold the team.
Earlier this year, Huizenga agreed to sell 95 percent of the Dolphins to New York developer Stephen Ross. Huizenga hopes to close on the deal by early January to ensure that the capital gains taxes on the sale remain at 15 percent before President-elect Barack Obama takes the oath of office in January, Mortensen reported.
Parcells' contract specifically states only Huizenga can be in authority over him. Once Ross officially becomes majority owner, Parcells has to notify Ross within 30 days that he intends to exercise his walk-away clause and collect the full balance of $9 million, Mortensen reported.
At that time, Parcells would be a free agent. And any team that wants his services would not owe compensation to the Dolphins, according to the report.
Among the teams sources say are on Parcells' radar are the New York Jets, Detroit Lions, Cleveland Browns and the Oakland Raiders. However, if Parcells' son-in-law, New England Patriots vice president Scott Pioli, is interested in any of those jobs, Parcells is unlikely to wind up with that team, Mortensen reported.
Parcells could extend his opt-out clause by one year, but as presently written, the clause doesn't extend after one season, according to the report.
[ame="http://sports.espn.go.com/nfl/news/story?id=3795922"]Bill Parcells has opt-out clause, could walk away from Miami Dolphins - ESPN[/ame]
OMG!!!
IF he were to come to Oakland....that would mean the OLD MAN would be on his death bed...!!
