Cleveland Browns star Myles Garrett set the mark for defensive ends by agreeing to a contract extension this offseason with an average annual salary of $40 million. It's almost guaranteed that the Cowboys will have to exceed that figure if they want to retain Parsons on a long-term deal.

Here’s what we know about his contract negotiations with Dallas: The Cowboys picked up the fifth-year option on Parsons’ rookie contract last offseason, meaning he is under contract in Dallas for 2025. He is set to be paid just over $24 million next season. The team could also place the franchise tag on Parsons twice after the 2025 season.

Former Dallas Cowboys quarterback Tony Romo has no concerns over the Micah Parsons contract situation. Dallas Cowboys pass-rushing linebacker Micah Parsons wants a new contract, and the general feeling is that the "Lion" and the NFC East franchise will eventually come to terms.