Nicknamed "the Cobra," Parker was elected in December 2024 to Cooperstown's National Baseball Hall of Fame as part of its Class of 2025. Parker was among seven players and one manager who were candidates on the Classic Baseball Era Committee's ballot for the upcoming class.

"The Cobra” played 19 seasons, 11 for the Pirates. He was the NL MVP in 1978, won a World Series with Pittsburgh a year later, then a second championship in 1989 with the Oakland Athletics.