Miami Dolphins wide receiver DeVante Parker has signed a four-year contract extension, the team announced Friday.
The deal is worth $40 million, NFL Network reported, citing a source. According to NFL Network's Ian Rapoport, it includes $21.5 million in guarantees with an $8 million signing bonus.
Parker has career highs in receiving yards (882) and touchdown catches (six) this season while catching 55 passes and playing in all 13 games (11 starts) this season. He is among Dolphins career leaders in receiving yards (15th with 3,099) and catches (16th with 218).
In March, Parker signed a new two-year contract after selling himself to the new coaching staff headed by Brian Flores.
A first-round selection (14th overall) by the Dolphins in the 2015 NFL Draft, the Louisville product has 15 touchdown receptions in 67 games.