Another safety is off the free-agent market.
The contract contains $25 million in base salary (including workout and roster bonuses) with $5 million in incentives tied to playoff appearances and interceptions. Parker gets $8 million guaranteed, including a $5 million signing bonus. The deal is believed to be the largest for an undrafted safety.
Previously a core special teams player, Parker started 15 games and played more than 1,000 snaps splitting time between safety and corner in 2014. He compiled 94 tackles, one sack and one pick.
The 27-year-old safety's versatility makes him an important keep for Andy Reid and Co., despite his sometimes up-and-down play last season. Pro Football Focus rated him their No. 73 safety last season.