The Dolphins have yet to offer an extension to Jarvis Landry, but it’s not due to a lack of interest. The team is wary of lowballing Landry and putting him in the wrong state of mind as he enters his contract year, Armando Salguero of The Miami Herald writes. By the same token, they do not want to make an initial offer that is too lofty, thereby setting a uncomfortably high floor for negotiations. 
[RELATED: Dolphins Interested In Rashad Jennings?]
For the time being, the Dolphins have Landry under contract for 2017 for just $893K. After that, they have the option of hitting him with the franchise tag for roughly $15.7MM in 2018. Given that amount of team control, the Dolphins don’t necessarily have to rush to get a deal done.
The Dolphins could also be waiting to see how DeVante Parker performs this season. Last year, Parker hauled in 56 passes for 744 yards and four scores, marking a significant step forward for the former first rounder. The advanced stats from Pro Football Focus placed Parker as the 27th best wide receiver in the NFL last year. Landry, meanwhile, graded out as the 13th best WR. Parker has a ways to go before he can match Landry’s production, but it’s possible that he can close the gap in production this year. If that’s the case, the Dolphins may have to start thinking about a scenario in which they can only give big money to one of the two receivers in the long term.
You have to over pay him, hes been one of the few shining spots on the team.