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Miami Dolphins Ink WR DeVante Parker to Four-Year Extension Worth $40 Million

Dolphins have signed wide receiver DeVante Parker to a four-year, $40 million extension according to Tom Pelissero of NFL Network.

Parker just signed a two-year extension in March. His new deal will keep him under team control through 2023. Parker (55/882/6) is on pace for career-highs across the board as Miami’s No. 1 wideout since rookie Preston Williams went down.

The $10 million AAV puts him in the Tyler Lockett and Tyrell Williams tier of receivers. It’s a nice payday for a player that was perennially on the trade block under the Dolphins’ old regime.

Parker has never lacked for talent, but injuries and inconsistent play held him back his first four seasons. The Dolphins are obviously counting on the 2019 version of Parker going forward, though fully guaranteed salaries the next two years ($21.5M in total guarantees) makes this a risky investment for Miami.

It is also a leap of faith on the part of Parker as the Dolphins are in the middle of a massive rebuild that could take years to see success. It sounds like Parker believes in the coaching staff and wants to be part of the process longterm.

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