Get all your news in one place.
100’s of premium titles.
One app.
Start reading
USA Today Sports Media Group
USA Today Sports Media Group
Sport
Cameron DaSilva

Full breakdown of Colby Parkinson’s contract, which includes a small 2024 cap hit

Colby Parkinson was the second big free-agent signing by the Los Angeles Rams this offseason, coming shortly after the team inked Jonah Jackson to a three-year deal. Parkinson got a three-year contract worth $22.5 million, but the finer details of the deal didn’t come to light until this week.

Over The Cap has the full breakdown of Parkinson’s contract, which includes $10.25 million fully guaranteed – a sizable number for a tight end who’s been a backup throughout his career. The Rams structured Parkinson’s contract to be backloaded, giving him a lower cap hit in 2024 before that number spikes in the final two years.

Here are Parkinson’s cap hits in the next three seasons.

  • 2024: $3.58 million
  • 2025: $9.83 million
  • 2026: $9.08 million

This is essentially a two-year commitment for Los Angeles, though it’s possible the Rams could get out of it after just one season. If they cut Parkinson before the 2025 season, the Rams will take on $6.67 million in dead money but still have a net savings of $3.17 million.

If they cut him before the 2026 season, they’ll save $7 million in cap space so they don’t necessarily have to commit to him for all three years – though if he stays in L.A. through 2026, it’s a sign that the contract worked out.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.