A league source tells us that Cowboys coach Bill Parcells resigned his position on Friday night after a lengthy meeting with owner Jerry Jones regarding the decision to sign receiver Terrell Owens.
Parcells, who signed an extension last season, was angered by the acquisition of Owens. The veteran coach, we hear, told Jones that Owens had not changed and should not be signed. Parcells became livid after Owens' book deal was announced, which happened less than two days after Owens was introduced as a member of the organization.
Butch Davis is the leading candidate to replace Parcells. Davis was the Cowboys' defensive coordinator in the early 1990s, and he served with Jimmy Johnson's two Super Bowl teams.
For Parcells, his coaching career is likely over after stints as the top dog with the Giants, Patriots, Jets, and Cowboys.