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That's a good question. A big reason Seattle traded Branch was his salary: $5.47 million in 2010 and $5.95 million in 2011. He supposedly restructured his contract so it was about $2.2 million base with a chance to earn about $2 million in incentives in 2010.For the record, I haven't seen any stories saying the Patriots extended Branch. IIRC, they redid his deal so that his base 2011 salary is roughly the same as Welker's, rather than the $6M it originally was.
The thing is this: my understanding is that the CBA does not allow for players to just flat out take a pay cut; for that to happen they would have to be released and then signed to a new contract. So where did all that other money get restructured to? Did they just write in a bunch of impossible incentives for 2011 in that new contract?