Alright, now that we’ve finally wrapped our heads around that Micah Parsons is actually a Green Bay Packer, let’s look at his four-year contract extensions with the team, which really acts as a five-year deal because he was already under contract for one season before his trade. For all intents and purposes, this is a new five-year deal, and Parsons’ fifth-year option from his time with the Dallas Cowboys was shredded.
If you want a quick look at the full layout of the deal, here is the table from Spotrac:
Now let’s break down the nitty-gritty here.
Signing bonus
The Packers are known for handing out big signing bonuses, in part because that’s usually the only guaranteed money that they give players on extensions, beyond their first-year salary. In truth, though, Green Bay probably cou