Patriots WR DeVante Parker Contract Details Revealed

The New England Patriots offered DeVante Parker a nice contract extension worth $33 million with $14 million guaranteed. According to Henry McKenna from FOX Sports, Parker the veteran wide receiver will get $11 million “in new money” that comes “before incentives”.

When it comes to incentives, Parker’s money depend on snaps played, catches, receiving yards, and of course, the All-Pro. In 2023, the receiver will get $1.22 million and he is set to earn $3.3 million next season. McKenna also revealed that Parker will get a $4.6 million signing bonus.

Details about DeVante Parker's contract with the #Patriots, per a source close to the situation:

1️⃣It's an extension worth up to $33M with $14M guaranteed.
2️⃣The deal includes $14M guaranteed and $11M in new money (before incentives) in 2023
3️⃣The contract has fully guaranteed…

— Henry McKenna (@henrycmckenna) July 3, 2023

The Patriots were clear about Parker’s role with the team. Negotiations started early in the offseason. New England traded for him in 2022 and he had a good season with the team. In 2022, Parker caught 31 passes for 539 yards and three touchdowns.

Parker provided a really good performance in spring OTAs and minicamp, securing his spot on the roster.

What a healthy DeVante Parker brings to the #Patriots: pic.twitter.com/fQUDWXNoRW

— Mike Kadlick (@mikekadlick) June 28, 2023

“Parker is the team’s leader at the wideout spot,” McKenna wrote. “He’s a veteran, he’s experienced and he helps set the tone at practice. Because the Patriots value him, they’re giving him additional financial security.”

Patriots gave Parker a good contract for a reason

Bill Belichick would love to see more from Parker though. He was amazing with the Miami Dolphins and caught 58 receptions for 86 yards and five scores per season.

“That is a loyalty contract for DeVante Parker,” former Patriots linebacker Ted Johnson said on 98.5′s “Zolak & Bertrand” show on June 30. “He wasn’t saying anything about the coaching staff last year. I didn’t hear any reports from behind the scenes that he had an issue.”

The Patriots are looking for ways to improve their roster. They showed interest in DeAndre Hopkins, but he may not come to New England after all.

“Because if Parker ends up having a big season in the wake of Hopkins signing elsewhere, New England will have an extension in place that won’t cost them big money,” McKenna wrote. He would otherwise have been set to hit free agency after this season.”