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

Colby Parkinson’s 3-year deal includes $10.25M fully guaranteed and a small cap hit in 2024

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.

Breaking down the Rams’ addition of Colby Parkinson, a big TE with upside

Colby Parkinson doesn’t have eye-popping numbers as a receiver, but he’s a big TE who could thrive in the Rams’ offense

On the first day of the legal tampering period on Monday, the Los Angeles Rams made two early additions: Jonah Jackson and Colby Parkinson. Jackson will step in as the starting left guard, but Parkinson joins an already crowded tight end group that includes Tyler Higbee, Davis Allen and Hunter Long.

It might seem like a confusing addition on the surface, but with Higbee’s ACL and MCL injury, Parkinson has a chance to potentially be the Rams’ starting tight end in Week 1. Even with the seemingly high cost of $22.5 million for three years, he’s a good addition to the offense because of the potential he possesses at the position.

For starters, Parkinson is only 25 years old so he’s one of the youngest players on the free-agent market. Despite his young age, he’s already played four seasons in the NFL – two with solid production as a receiver.

In 2022, he caught 25 passes for 322 yards and two touchdowns. Last season, he caught another 25 passes for 247 yards and two touchdowns, though his yards per reception dropped from 12.9 to 9.9.

It’s reasonable to think Parkinson hasn’t reached his potential as a tight end. He’s 6-foot-7 and 251 pounds, so he has great size for the position. He also ran a 4.77 in the 40-yard dash, which is a good time for a player his size. He didn’t often get to show off that speed in the open field with only 57 career receptions, but he’s agile with the ball in his hands.

Here’s what Seahawks Wire editor Tim Weaver said about Parkinson and what he brings to the Rams:

Rams fans should probably ignore the numbers when it comes to Colby Parkinson, who was misused along with every other Seahawks tight end during Shane Waldron’s time as offensive coordinator. Parkinson was only targeted 34 times each of the last two seasons, which is a shame based on his profile. Most of all, he has a ton of athleticism for his position. He can hurdle tacklers in the open field and has reasonably soft hands and quick feet. In the right offense, Parkinson could really eat.

With his height, he can be an asset in the red zone for the Rams, who lack a receiver capable of consistently winning jump-ball opportunities. Higbee also has good size, as does Allen, but Parkinson adds even more size to that position group.

Where Parkinson really excels is as a blocker. Not only is he capable of clearing lanes as a run blocker, but he’s more than willing to handle that duty, too – a requisite of playing in Sean McVay’s offense.

Take this play, for example. He clears out the defensive end and then gets to the cornerback, taking him out of the play, too.

If Higbee is ready for Week 1, Parkinson will be a very good No. 2 option behind him, particularly as a blocker in two-tight end sets. If Higbee is still rehabbing when the season begins, Parkinson can compete with Allen and Long to be the starter.

He didn’t exactly come cheap at nearly $8 million per year, but with the upside of a starting tight end, it’s understandable why the Rams brought him in.

Seahawks re-signing tight end Noah Fant to 2-year deal

Fant is the first free agent who’s been re-signed by Seattle in this cycle.

The Seahawks are re-signing tight end Noah Fant to a two-year deal worth a total of $21 million, according to a report by Jordan Schultz at Bleacher Report.

Fant (26) is the first free agent who’s been re-signed by Seattle in this cycle. It’s no surprise that it’s a tight end, a position where the market has moved incredibly quick over the last few days. Just observe the contracts that Fant’s teammates have gotten today. Both Will Dissly (Chargers) and Colby Parkinson (Rams) signed eight-figure, three-year deals with other teams.

Retaining Fant at this price point is a win for the Seahawks, especially considering what other tight ends are getting. Fant may have been underused by former offensive coordinator Shane Waldron the last two seasons, only earning 106 total targets. Fant is still a very athletic receiver with the ability to stretch the field and tack on YAC. It doesn’t take much imagination to see him producting a lot in Ryan Grubb’s offense.

Looking ahead, Fant will be at the top of the depth chart for Seattle’s tight end room. Who will be in there with him remains to be seen. For now, practice squad member Tyler Mabry is the only other tight end on the roster.

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Former Seahawks TE Will Dissly plans to sign with Chargers on 3-year deal

Happy National Pay Tight Ends Day!

Happy National Pay Tight Ends Day!

The latest member to join the club is former Seahawks and Huskies tight end Will Dissly, who was released last week for $7 million in cap savings. It didn’t take Dissly long to find a new home in the NFL. According to Jordan Schultz at Bleacher Report, Dissly is signing a three-year, $14 million deal with the Chargers. $10 million of it is fully guaranteed.

Dissly had appeared in 72 games with Seattle over the last six seasons. All together, he’s totaled 127 catches, 1,421 yards and 13 touchdowns.

Dissly is the second Seahawks tight end to get a new deal today. Colby Parkinson is also on his way to LA, having agreed to terms of a slightly larger three-year deal with the Rams.

Tyler Mabry and Noah Fant are now the only tight ends on the roster, and Fant will become a free agent in two days. Based on the kinds of deals that have been going around, keeping Fant around is not going to be cheap.

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Colby Parkinson excited to be ‘coming back home’ to Los Angeles

Colby Parkinson is heading back home to California on a three-year deal with the Rams and he seems thrilled

Colby Parkinson has spent his entire football career on the West Coast and that’s not going to change in 2024. The Los Angeles Rams agreed to a three-year deal worth $22.5 million with Parkinson, bringing him home to California.

Parkinson was born in San Ramon, Calif., and played his high school ball Oaks Christian School in Westlake Village, which is only about an hour away from SoFi Stadium where the Rams play. This is a homecoming for Parkinson, who couldn’t be more excited about heading from Seattle to Los Angeles as a new member of the Rams.

Here’s how Parkinson reacted to his new deal on Twitter.

In four years with the Seahawks, Parkinson caught 57 passes for 618 yards and four touchdowns. He didn’t get many opportunities in his first two seasons but in each of the last two years, he caught 25 passes and totaled 569 yards; he set a career-high with 322 yards in 2022.

He’ll hope to build on that with the Rams next season, potentially as the team’s top tight end if Tyler Higbee misses significant time due to his torn ACL and MCL.

Seahawks TE Colby Parkinson intends to sign 3-year deal with the Rams

Good for Parkinson.

If you’re a tight end in the NFL you’re about to get paid. Perhaps the fastest-moving market so far in free agency has been this position, which just saw another exodus from the Seahawks’ depth chart.

According to a report by Adam Schefter at ESPN, third-string tight end Colby Parkinson intends to sign a three-year deal with the division rival Rams for $22.5 million, with $15.5 million guaranteed.

Good for Parkinson.

However, this leaves Seattle even thinner at tight end, having released Will Dissly for cap savings last week. For those keeping count at home, that means if Noah Fant hits the market on Wednesday, the Seahawks will only have Tyler Mabry left on their roster at this spot.

As a consolation prize for Parkinson leaving, Seattle is now projected to get a sixth-round comp pick in next year’s draft.

 

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Here’s a name you probably didn’t expect to see getting headlines ahead of free agency.

Here’s a name you probably didn’t expect to see getting headlines ahead of free agency. According to Jeremy Fowler at ESPN, Seahawks tight end Colby Parkinson is among the players who are about to hit the market who are getting some buzz.

“Colby Parkinson: Sure, he played behind Noah Fant in Seattle, but he has field-stretching ability. The free agent and draft tight end classes aren’t deep, so keep an eye on Parkinson.”

Parkinson has some legitimate ability as a receiver and he’s a respectable-enough blocker, but for any third-string tight end to be getting attention as a pending free agent says alot about the lack of depth of the upcoming tight end class in the 2024 NFL draft, as well as the free agent class.

The Seahawks may want to keep Parkinson in the fold if for no other reason than they’re going to be a couple guys short. As Fowler mentioned, Noah Fant is also about to become a free agent and if this report is any indication then he’s about to get a big pay-day. It also makes sense for Seattle to cut Will Dissly for cap savings, which would leave them with only practice squad tight end Tyler Mabry if Parkinson winds up leaving, as well.

For what it’s worth, Spotrac is projecting Parkinson’s market value at $6.6 million per year.

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13 pending offensive free agents with ties to the Panthers’ coaching staff

Mike Evans, who is set to hit the open market, had his best season in years under new Panthers HC Dave Canales.

With new head coach Dave Canales leading the transition, the Carolina Panthers have completely overhauled their offensive staff this winter. And with new faces comes new connections for the organization.

Here are 13 pending offensive free agents, in areas of particular need, with ties to Canales’ staff:

5 TEs the Colts should target in 2024 free agency

Which TEs should the Colts target in free agency?

The tight end position for the Indianapolis Colts is a bit in flux entering free agency and the 2024 offseason.

Starter Mo Alie-Cox hasn’t proven to be a difference-maker while his run-blocking abilities seem to have plateaued. Kylen Granson is a nice H-back and receiving option to have. Jelani Woods missed the entire season due to a hamstring injury, and Andrew Ogletree’s future with the team is in serious question after being placed on the Comissioner Exempt List.

Rookie Will Mallory showed some upside as a receiver, but he didn’t factor much into the plans for the majority of the season.

Though drafting a tight end may certainly be on the docket for Indy, adding a viable veteran in free agency is an option as well. Finding a true Y tight end who can run block with consistency while adding some upside as a receiver should be the objective.

This position isn’t a major need for the Colts, but it would help the development of young quarterback Anthony Richardson.

We should note that we understand a some of these players won’t even hit the market, but we’re working under the hypothetical scenario that they become available, regardless of how slim the chances are.

Here are five free-agent tight ends the Colts should target in 2024:

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Even after last year’s signing of Hayden Hurst, could the Carolina Panthers be in the market for a new tight end?

If so, here are some of the best that free agency has to offer: