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The Cowboys exercised the fifth-year team option on Parsons' rookie contract Wednesday, Michael Gehlken of The Dallas Morning News reports.

Per Gehlken, the star edge rusher will earn $21.32 million in 2025, but that salary may only serve as a placeholder before Parsons and the Cowboys are able to work out what's expected to be a lavish long-term deal. The 24-year-old is coming off another productive effort with the Cowboys in 2023, as he racked up 64 tackles and a career-high 14 sacks in 17 regular-season outings.

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