He is regarded as one of the greatest European players of all time. He is also regarded as a key figure in the Spurs success throughout the 2000s and most of the 2010s. On 13 Aug 2023, Parker was inducted into the Naismith Memorial Basketball Hall of Fame.

Parker represents the final piece of the San Antonio’s vaunted Big 3 (which includes Tim Duncan and Manu Ginobili) to receive the honor of induction, after an 18-year career that netted a franchise record for assists (6,829), and top-five Spurs rankings in games played (1,198), scoring (18,943 points) and steals (1,032).