Months after DeVante Parker agreed to a through-2020 extension with the Dolphins, the breakout wideout is nearing another agreement.
The Dolphins and their top receiver are close on a deal that would keep Parker in Miami through 2023, Jeremy Fowler of ESPN.com tweets. The Louisville alum is set to sign the contract, according to Cameron Wolfe of ESPN.com (on Twitter). The team announced the agreement.
The deal will be worth more than $40MM, Tom Pelissero of NFL.com reports (via Twitter), adding that the agreement is believed to be high on guarantees. That would seemingly be necessary in order to convince Parker not to bet on himself in 2021 free agency. This contract will include an $8MM signing bonus, and the Miami Herald’s Barry Jackson reports (via Twitter) it will be worth up to $40MM. Both Parker’s 2020 and 2021 salaries will be fully guaranteed, which represents nice security for a former first-rounder who was heading toward bust status before this season.
Despite Parker’s underwhelming first four seasons, the Dolphins’ new power structure retained him through 2020 via a two-year, $10MM agreement. The 26-year-old wideout has far outperformed expectations this season, catching 55 passes for a career-high 882 yards and six touchdowns. He’s been perhaps the top bright spot on a rebuilding Dolphins team. This comes after years of the 2015 first-round pick being a trade candidate.
Although Miami jettisoned numerous veterans this year, the team has extended multiple veterans in-season. Allen Hurns and Eric Rowe signed extensions in recent weeks, though neither deal was in Parker’s price range. This pact would place Parker among the middle class at wide receiver. Twenty-four receivers earn at least $10MM annually, and the Dolphins will now employ one of them.
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