8:12am: Parker will announce he'll return to Clemson to be their quarterback as a sophomore, tweets Tracy Ringolsby of Inside The Rockies, but the Rockies can still sign him by August 16th. Jim Callis of Baseball America says Parker had given the Rockies a July 20th deadline to sign him to a baseball-only contract.
WEDNESDAY, 7:19am: Renck tweets that he's heard Parker will make an announcement today.
TUESDAY, 9:30pm: The Rockies don't have a deal with Parker yet, according to Renck (via Twitter). The negotiations are taking time, partly because the sides had a lot to discuss. The Rockies are willing to "be creative" and accomodate Parker's desire to play football (Twitter link), but they would offer a smaller bonus if they allow him to play football.
10:44am: Rockies first-round pick Kyle Parker is expected to agree in principle on a deal today, tweets Troy E. Renck of the Denver Post. Renck believes the contract will be closer to $2MM than $3MM. Parker would join Todd Helton and Seth Smith as Rockies who played quarterback in college.
Parker was drafted at #26, where the slot recommendation might be below $1.5MM. Parker has to be paid extra to be lured away from three years of football eligibility and the starting quarterback gig at Clemson. He projects to land in an outfield corner if he chooses baseball.