The logic is probably, if you want to run 3 TE sets, you need to be 4 deep, to account for injuries at any given time. Higbee, Ferguson, Parkinson, and Allen allow us to do that. They probably felt Higbee at 4M per year (or however the money is structured) was a fair price. Which it is for what he brings. Just a bit surprising they contributed that much money to the TE room given what Parkinson is already making. They must really like the versatility of being able to run that scheme when they think it matches up well. I like the mix of 2 vets with 2 younger TEs. This team is Super Bowl ready. They probably didn't want 3 younger players at the position if they got their 4th TE via the draft. Particularly as younger TEs often take time to develop. Any other free agent TE worth pursuing would cost this much or more. And not be proven to work in this system.