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Will Bill Parcells become a free agent -- again?
It's a possibility, hinging on whether Miami Dolphins owner Wayne Huizenga's sale of his majority ownership of the team goes through, sources told ESPN senior NFL analyst Chris Mortensen.
When Parcells joined the Dolphins as executive vice president of football operations last year, his deal included a onetime out clause that would allow him to walk away, with the rest of his $12 million guaranteed contract fully paid, no strings attached, if Huizenga were to sell the team.
Earlier this year, Huizenga agreed to sell 95 percent of the Dolphins to New York developer and team part-owner Stephen Ross. Huizenga hopes to close on the deal by early January to ensure that the capital gains taxes on the sale remain at 15 percent before President-elect Barack Obama takes the oath of office Jan. 20, Mortensen reported.
http://sports.espn.go.com/nfl/news/story?id=3795922