There's a very simple explanation for why the Cowboys put off signings like this - the Jones Family Office (Blue Star Innovation Partners) has liquidity issues.
They are either complete morons (which probably figures in a little) or they are managing this thing to defer/avoid cash outlays as long as possible. Remember that any time you want to defer a cap hit, you do it using upfront money (signing/roster bonuses). Also keep in mind the Cowboys rank around middle of the pack (14th I think) in dead cap money in the NFL.
I'm assuming a contract for Parsons would probably bring with it a $40+ million signing bonus. There's probably a lot of reasons they are hoping to defer that bill, regardless of the cap penalty the team pays.
My guess is that the organization has been HEAVILY leveraged to finance all of the other Jones family ventures. Family offices across the US are all dealing with issues of PE lockups and being paper rich/cash poor. I doubt the Jones Family Office is an exception here.
They are either complete morons (which probably figures in a little) or they are managing this thing to defer/avoid cash outlays as long as possible. Remember that any time you want to defer a cap hit, you do it using upfront money (signing/roster bonuses). Also keep in mind the Cowboys rank around middle of the pack (14th I think) in dead cap money in the NFL.
I'm assuming a contract for Parsons would probably bring with it a $40+ million signing bonus. There's probably a lot of reasons they are hoping to defer that bill, regardless of the cap penalty the team pays.
My guess is that the organization has been HEAVILY leveraged to finance all of the other Jones family ventures. Family offices across the US are all dealing with issues of PE lockups and being paper rich/cash poor. I doubt the Jones Family Office is an exception here.