The Miami Dolphins are likely to pick up DeVante Parker’s fifth-year option.
Because it makes too much sense not to.
Teams usually exercise the option in cases where the player is not a total bust. And despite what you may think about Parker, he’s not a bust.
At least not yet.
If, as The Daily Dolphin believes will happen, Parker’s fifth-year option is exercised, it will be for about $9.5 million. The Dolphins could have made this move official as early as January 1, but have chosen to wait, and now must do so prior to May 3.
This money would be guaranteed for Parker only in the event of injury. Otherwise, Miami could walk away with no penalty. This is the same scenario Miami faced with tackle Ja’Wuan James, and the Dolphins picked up and kept his rights.
The way the fifth-year option is structured, it is totally in the best interest of the club.
Parker’s cap hit this year is around $3.5 million, placing him as the 60th-highest paid receiver in the league, according to Spotrac.
If Parker were to fulfill all his potential this season, stay healthy and maybe even make a Pro Bowl, it would have been nearsighted to not exercise the option to keep him on the roster for a fifth season.
Even if the Dolphins decided they could not come to a long-term extension, and wanted to trade him, at least they would retain his rights and thus, the option to receive something in value for their former first-round pick.
Last season, only six of 32 eligible players failed to have their fifth-year options picked up: Greg Robinson (Rams), Sammy Watkins (Bills), Kyle Fuller (Bears), Calvin Pryor (Jets), Marcus Smith (Eagles) and Teddy Bridgewater (Vikings).
Three players had already been released: Justin Gilbert (Browns), Johnny Manziel (Browns) and Dominique Easley (Rams). Meanwhile, 23 players had their option picked up.
Watkins ended up signing a 3-year, $48 million contract with the Kansas City Chiefs as a free agent.
Advantage Watkins. You could argue Buffalo made a mistake, but it was clear Watkins was not in their future, as they shipped him away to Los Angeles last August in a deal that included a second-round pick.
Would Miami consider dealing Parker for a second-round pick? Perhaps. But really that shouldn’t impact their decision to lock up Parker for a fifth season at a quite reasonable rate.
The cap hit for Miami Dolphins receiver Kenny Stills is $9.75 in 2018 and 2019.
Does it make sense to secure Parker for less, for 2019?
Absolutely. Thus, as we’ve explained, it is likely.