Erick is the father of Campbell Price and husband of Sydney Price. He is a rich man who married a younger woman. He only makes a brief appearance in the episode at a party thrown by Jordan Welland, but was being used by Sydney to get his son's inheritance.
He is later said to be getting divorced from Sydney.
Future or Fate
Erick Price just got divorced from Sydney. He went to date other women, probably his age or just start as a bachelor. He also make sure his son stays out of trouble, when he got him into another college and make sure he graduates.