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Old 12-29-2008, 09:12 PM   #1
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Default what will parcells do?

Posted about 5 hours ago2 Comments 46 Recommendations E-mail
Parcells could be one-and-done in Miami due to sale of Dolphins
Associated Press


DAVIE, Fla. -- The possibility Bill Parcells might leave the Miami Dolphins after only one season surfaced just as the team he rebuilt earned a playoff berth for the first time since 2001.


Marc Serota / Getty Images
Bill Parcells has engineered several turnarounds during his illustrious career as a coach and executive.

Parcells' contract allows him to leave after one season and still receive the $12 million remaining on his four-year deal if the team is sold, owner Wayne Huizenga confirmed.

The sale of a majority share to New York real estate billionaire Stephen Ross is expected to be completed shortly after the season. Parcells would then have 30 days to leave without sacrificing the money due him in the final three years of his contract.

Surprising Miami plays host to Baltimore in a first-round playoff game Sunday. The Dolphins are 11-5, a dramatic turnaround from last year's 1-15 record.

Huizenga and Ross said they hope Parcells will stay. Coach Tony Sparano smiled but declined to comment Monday when asked whether he has any leverage with Parcells that might keep his boss from departing.

The Dolphins' revival began a year ago when Huizenga hired Parcells as executive vice president of football operations. Parcells managed similar turnarounds as a coach, taking over losing teams with the Giants, Patriots, Jets and Cowboys and transforming them into winners.

Parcells has a history of being on the move, and he has held three jobs in the past two years. He quit coaching after the 2006 season with Dallas and was a TV network analyst in 2007. He spent four years with the Cowboys, three with the Jets and four with the Patriots.

Ross bought 50 percent of the Dolphins last winter and is expected to soon exercise an option to purchase up to 95 percent.

Copyright 2008 by The Associated Press

2 Comments | 46 Recommendations | E-mail
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Old 12-29-2008, 09:14 PM   #2
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Default Re: what will parcels do?

honestly, since it's a money world.. i would take the 9 mill and opt out of the contract.. then if the fins wanted me back and i wanted 2 stay then i would sign a new deal... it's a quick 9 mill
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Old 12-29-2008, 10:00 PM   #3
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Default Re: what will parcels do?

Quote:
Originally Posted by lilyoder6 View Post
honestly, since it's a money world.. i would take the 9 mill and opt out of the contract.. then if the fins wanted me back and i wanted 2 stay then i would sign a new deal... it's a quick 9 mill
That's exactly what I was thinking. It's called free money. I don't think anyone would feel bad about swiping a few million from a real estate billionaire. Big developers are scum anyway.
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Old 12-29-2008, 10:50 PM   #4
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Default Re: what will parcells do?

I'd take the money. If the new owner wants me, he can sign me to a new contract. If he doesn't want me, I got myself $9M in the bank and I can either retire to rebuild another team.
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Old 12-29-2008, 10:59 PM   #5
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Default Re: what will parcells do?

and u know that there is going to be a bidding war for him as well
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Old 12-29-2008, 11:02 PM   #6
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Default Re: what will parcells do?

open a consulting firm?

pat kirwan pretty much nailed this scenario in a hypothetical article about a year ago-

Parcells is the NFL's billion-dollar man


http://www.nfl.com/news/story?id=090...o&confirm=true

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Bill Parcells is back in the NFL but this time he is not the head coach or the GM. Parcells has a new title -- executive vice president of football operations for the Miami Dolphins -- and a new and improved business model.

As people speculate about how he's going to operate from the owner's booth rather than the sideline, you can rest assured he has worked out all of the details and it's in the business plan. His plan is that of a CEO charged with reorganizing and righting the ship to bring value to the "shareholders" (in this case, Dolphins owner Wayne Huizenga) who have entrusted him with the helm.

Parcells will stay off the sidelines and in the owner's box like the CEO stays in the board room. He will bring in his team to implement his plans in the front office and sidelines. Already, he has hired former Dallas Cowboys personnel man Jeff Ireland as his new general manager, and Ireland will be charged with hiring a new head coach after Cam Cameron was fired on Thursday.

Parcells will surround himself with people who see things his way. He can easily fix the front office, coaching staff and player pool. Check his history and you realize he has always left a team in better shape than it was in when he got there. But most importantly, and until now often overlooked, he has left the owner with a more valuable franchise. That's why Parcells' new business model could earn him the title of the NFL's billion-dollar man.

The business model he has constructed is a stroke of genius -- and a model he may not be done using. After he fixes the Dolphins and increases the franchise value, he and his team of consultants will be poised to move on to the next undervalued franchise.

At the next stop, though, don't expect Parcells to be an employee of the franchise. He and his team will help maximize the shareholder value -- much like American billionaire financier Carl Icahn and his team do in the corporate world, but without the "corporate-raider" approach available to Icahn. Parcells' group may function as a super consulting firm that gets paid a fee based on the increased value that his firm brings to the franchise. As long as I am speculating, I will call the firm "Legacy Consulting."

At 66, Parcells would be considered too old to be on the field every day, but in this new model he may be just getting warmed up. Icahn is 71 and shows no signs of slowing down. Parcells has a number of very qualified friends who are semi-retired but have the vision, experience, and energy to join the team at Legacy Consulting. They will hire young guns with a passion for the business of football, and Parcells will expand his legacy beyond the white lines.

Their mission will be to fix dysfunctional organizations and bring enhanced value to ownership. A lot of owners have already turned to Parcells to accelerate the value of their franchise, which is what has put Parcells in the unique position he is in today.

Profitable results
A look at the Parcells Effect at his first four NFL stops might show Huizenga what he can expect to happen in Miami. Parcells has been the head coach, and in some cases the GM, of the Giants, Patriots, Jets and Cowboys. As NFL franchises are privately held, with the exception of the Green Bay Packers, the value of franchises can only be concretely established when they are sold. But thanks to Forbes Magazine and its annual valuations of NFL franchises, the public has some point of reference for the ever-increasing values.

According to Forbes, all four of Parcells' former teams are valued among the top 10 NFL organizations in the 2007 report. Dallas was valued at $851 million when Parcells arrived in 2003 and ranked No. 2 behind the Redskins ($952 million). Today, the Cowboys are the top seed in the NFC playoffs and they are valued at $1.5 billion -- ranked No. 1, with a new stadium under construction. How much of that $649 million increase in value is due to Parcells the CEO and his overhaul of the on-field portion of the organization? Those are his players winning games this season.

Parcells attended Miami's regular-season finale with one of his trusted confidants, Ron Wolf. Could Wolf become a member of Parcells' team?

I was with the Jets when Parcells arrived. Our owner, Mr. Leon Hess, wanted a winner before he passed away, and Parcells delivered. But Mr. Hess had also established that the team would be sold upon his death. His return on investment in Parcells was quantified at the sale.

When Parcells arrived in 1997, Forbes valued the club at about $225 million. When he left after three years, there was an outstanding new owner who faced stiff competition in his successful bid to purchase the Jets -- paying in excess of $400 million, an increase of approximately $175 million.

The Patriots story is the most interesting. In the early '90s, New England needed a new owner but the club value was so low that the league got involved in fixing up the franchise for sale. Parcells was hand-picked by the NFL to be the head coach and general manager and given the charge to reorganize and effectively reposition the New England Patriots franchise in the marketplace.

It worked. The team found its new owner in Bob Kraft and Parcells took the Patriots to the Super Bowl. Then, in 1996, Parcells introduced Kraft to Bill Belichick, the first major success in Parcells' coaching legacy.

Since this timeframe pre-dates Forbes' NFL valuations, it is difficult to quantify Parcells' contribution to the increased value of the Patriots franchise, but it is safe to say that it was in excess of $100 million. Today the Patriots rank No. 3 on Forbes' list with a value of $1.199 billion.

When Parcells took over for Ray Perkins as head coach of the Giants, that franchise was in bad shape. Of course, Parcells won two Super Bowls. As he walked out the door after the 1990 season, the Mara family was also able to sell half of the franchise to the Tisch family in 1991. Back in 1998, the Giants were ranked 15th in value. Today they sit in the No. 8 spot.

Dolphins in decline
As Huizenga looks at the four previous franchises that Parcells has been with, he sees the value of the four clubs shot up just about as fast as the team record under his direction. New Stadiums got approved and constructed, part-owners and new owners surfaced, and the owners that hired Parcells had a chance to sell and make more money.

If you want to know how all of this ties into Parcells' current role at the Dolphins, keep in mind that Huizenga was reported to be considering the sale of the Dolphins just days before he signed Parcells to a four-year contract. The talks have subsided for now.

Dolphins ranking in Forbes Magazine
Year Rank
1998 7th
1999 7th
2000 8th
2001 10th
2002 10th
2003 10th
2004 11th
2005 12th
2006 12th
2007 15th
Huizenga purchased the club in 1993 and currently has a franchise ranked 15th in value by Forbes at $942 million. Not a bad spot to be in -- but not as good as in previous years. A look at the Dolphins' ranking in Forbes' annual reports, and you see a franchise in steady decline (see chart).

The trend is plain to see. As part of Parcells' progress report on his venture to turn around the Dolphins, I will now be as focused on the financial metrics as I will be on the wins. Parcells will not only be looking to increase the $942 million value, but he certainly has his competitive eyes on improving the No. 15 ranking and the brass ring at $1.5 billion that has been established in Dallas.

Parcells will need three years to fully implement his plan with the Dolphins. He knows better than to try to rush in with a quick fix. Parcells will carefully manage the expectations of Huizenga. History indicates the value of the Dolphins may grow all on its own during the next three years. But Parcells will have a financial analysis that will prove his worth in maximizing the team's value. It will involve improving the ranking as compared to other franchises.

Forbes indicates the club's value has gone up $86 million since 2005. Three years of the Parcells Effect, along with the normal growth in club values, and Huizenga could be sitting on a team worth $1.2 billion. Huizenga may be able to sell 49 percent of the franchise for $600 million in 2010 -- maybe $400 million more than he originally paid for the club -- and still maintain majority ownership.

If Parcells succeeds and delivers this kind of value to Huizenga, it's reasonable to expect lots of potential owners to come calling for his services, and Legacy Consulting is off and running.

Other NFL owners will be lining up for a shot at engaging the services of Parcells' new business. For example, San Francisco was Forbes' 16th-ranked team in 1999; today they are No. 30. The Jaguars were ninth in 1999 and today they are No. 29. The Rams were 14th in 1999 and today they are No. 22.

In 2007, two owners bid for Parcells' services and the Dolphins outbid the Falcons. Who will be bidding for the services of Legacy Consulting in 2011?
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Old 12-29-2008, 11:05 PM   #7
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Default Re: what will parcells do?

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Originally Posted by lilyoder6 View Post
and u know that there is going to be a bidding war for him as well
Browns, Jets, and Lions would all love to have him.
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Old 12-29-2008, 11:17 PM   #8
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Default Re: what will parcells do?

Take the money and run Bill and Puhhhhhhlease - find a better hair stylist. with some of that dough.
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Old 12-29-2008, 11:22 PM   #9
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Default Re: what will parcells do?

Thanks for everything, Bill.
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Old 12-30-2008, 09:01 AM   #10
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Default Re: what will parcells do?

oakland will be looking at him for sure..
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