I got word from a guy down in Waco and it has been confirmed by other sources, so it seems to be the case.
I won't go into details, but Parks has apparently been kicked off the team due to some behavior that was completely unacceptable.
It will be interesting to see what happens at the inside receiver position. Akers will have to pick up the slack there.
This is a terrible development, because that kid had a ton of potential and could have been one of the key targets next year as a senior, and he threw it all away.
Update from the Official Site has Parks "suspended indefinitely" from the team.