The Miami Dolphins have a new majority owner and he paid market price at the fish market.New York real estate billionaire Stephen Ross became majority owner of the Miami Dolphins on Tuesday, completing his purchase of 95 percent of the franchise for $1 billion, with Wayne Huizenga retaining a 5 percent interest. That's right, $1 BILLION, that's some high quality fish.
What's interesting in now Bill Parcells can leave so he so choose. The sale to Ross triggers and clause in Parcells' contract allowing the Tuna to swim away from the Dolphins and still receive the 9-12 million dollars remaining on his 4 year contract. Parcells did commit to another year after the Dolphins exited the playoffs in the wild card round.
Ross wants Parcells to stay.
"I want to assure Dolphin fans that I share Wayne's same passion to win and will do everything I can to support Bill Parcells in his leadership of football operations," Ross said in a statement.
It remains to be seen if Ross will beg or bark like a dog to keep Parcells. Only if the check bounces. Really, how do you write a $1 billion dollar check?
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