The Dallas Cowboys did it to themselves. With their complete lack of urgency in extending All-Pro edge-rusher Micah Parsons, the Cowboys may have cost themselves millions.
On Thursday, ESPN NFL insider Adam Schefter reported that the Pittsburgh Steelers and edge T.J. Watt had agreed to a historic three-year, $123 million extension worth $41M annually, making it the largest non-quarterback contract in NFL history.
ESPN sources: Steelers star TJ Watt has become the highest-paid non-QB in NFL history for the second time in his illustrious career, reaching agreement today on a three-year, $123 million extension that includes $108M fully guaranteed at signing. The $41 million per year average… pic.twitter.com/si6V7FUdlp
— Adam Schefter (@AdamSchefter) July 17, 2025
Watt's deal sets a baseline for Parsons to demand in negotiations, and it's likely more than what the Cowboys would have owed him if they had worked out a deal last offseason, when Parsons initially wanted an extension.
"We wanted to get the contract last year," the two-time first-team All-Pro recently told professional wrestler The Undertaker on his "Six Feet Under" podcast.
Micah Parsons talks about the latest on his contract negotiations with The @undertaker
— Field Yates (@FieldYates) July 17, 2025
The wait continues… pic.twitter.com/0s1WxbgTMf
"Obviously, ownership is always gonna make it drag out, make it more complicated than it has to be," Parsons added.
Earlier this week, Parsons downplayed the impact of edge-rushing peers Watt, Myles Garrett and Maxx Crosby finalizing extensions before him, telling PennLive.com's Nick Farabaugh, "I'm just going to get mine no matter what."
While the 2021 first-round pick was always going to reset the edge-rusher market, that number has only grown in the past year. And the Cowboys have themselves to blame.
The lackadaisical approach to extending their own players is nothing new. Last offseason, Dallas waited until late August to agree to terms on a four-year, $136 million extension with wide receiver CeeDee Lamb, ending a training camp and preseason holdout.
Then, the Cowboys handed quarterback Dak Prescott a massive four-year, $240 million extension on the first Sunday of the 2024 NFL regular season.
It's not surprising that Dallas would drag its feet in negotiations with Parsons, but it is disappointing that it's repeating past mistakes.
It was always going to cost the Cowboys a pretty penny to keep Parsons, but now it will cost them even more.
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