Miami Dolphins DeVante Parker should restructure his contract

The Miami Dolphins like what DeVante Parker brings to the field when he is healthy and they should look at reworking his contract.

Parker is starting his 7th season in the NFL after being the Dolphins’ first-round pick in 2015. He spoke with the media on Friday and said that he loves being a part of this franchise. That isn’t new. Last year he said he hoped to remain with the club his entire career.

Fans of the Dolphins are often split on how they feel about him. In one breath they are talking about how good he can be and in the next talking as though he was a bust. While Parker may not care what anyone has to say, the only ones that matter is Brian Flores and Chris Grier.

If the Dolphins brass like Parker and see him sticking around for more than the next three years, restructuring his contract could lessen some of his financial hit on the franchise.

2021: $12.112 million cap  $15.8 million dead money if released   $3.7 million saved.

2022: $8.9 million, $5.4 million, $3.5 million

2023: $9 million, $2.7 million, $6.3 million

If the Dolphins restructured his contract now, they could save $5.3 million in cap space according to Overthecap.com. The thing is Parker’s contract is still actually quite good for the Dolphins. Parker is a starting WR who produces when healthy and has the potential for 1,000-yard seasons. Miami is getting him at a reasonable cost considering many WRs get paid in the teens.

More from Phin Phanatic

• Tua Tagovailoa practicing with teammates is everything a leader does
• 4 offensive tackles Miami Dolphins could draft at 51
• Miami Dolphins don’t need CB help but these 5 could be available at 51
• 4 players that could replace Wilkins if Miami Dolphins don’t re-sign him
• Miami Dolphins have a starting point with Wilkins after Simmons deal

Will Fuller joined Miami on a one-year deal for $10 million.

It’s an option that Miami should consider. The cap will go up next year considerably and some of Parker’s contract would be split and shifted and the Dolphins could extend him another year or two if they wanted.

The key to Parker is a contract structured so that Miami takes as little risk as possible with the dead money. Parker has to stay healthy consistently and when he does, he is a good receiver to have on the roster and should see more production this year with the other additions to the offense.