Patriots and Gronk agree to 6year/$54 Million Contract

Now hopefully they will work on getting Hernandez extended.

Gronk until 2019...$56 million ...$18 mill guaranteed
Megatron until 2019 ...$132 million...$60 mill guaranteed

BB/Krafty........nice work

This is a matter of semantics. You are correct when comparing the contract with the contracts of other players.

I would agree with your wording if no bonus is paid on the new contract before the current contract ends. Otherwise, there the contract really does has at least one element of compensation before you indicate that the contract begins.

Consider this is terms of cash money or in terms of new money. Gronkowski will receive new monies under the new contract starting with any bonus check he receives. I presume that he will receive one before the old contract ends, or perhaps two (if two, then the 2nd would be guaranteed).

For Gronk and is his family, he sees additional revenues in 2012, or in 2012 and 2013 (the bonus money.

Deus Irae said:

No....

The Patriots signed their best tight end to a $9 million average per year extension that's partially guaranteed.

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BradyManny said:

He may have to learn not to go for that extra yard in certain situations - which probably goes against his DNA. But other than that, he is amazingly built, so physically, he can withstand the beating.

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Yes, but you could say that about Coates too. It had him playing at an elite level in his 20s, but hit the age wall by 30.

Now comes the real trick, how do we get Hernandez to agree to the same exact structure but at say %80 (or what ever percentage of skill less you preceive him as vs Gronk). And then by knowing what these two get it should make it easier to come with managible numbers for Wes.

Deus Irae said:

No....

The Patriots signed their best tight end to a $9 million average per year extension that's partially guaranteed.

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Why "No"? Ken was simply summing up the current contract situation: "The Pats now have Gronk under contract for the next EIGHT years at $6.8MM/yr."

Your statement in no way contradicts him, it just focuses on the NEW part of the contract. And while the new money is certainly the key to understanding the value of the deal, the fact that they didn't have to rip up the old contract to do it is perfectly relevant.

mgteich said:

This is a matter of semantics. You are correct when comparing the contract with the contracts of other players.

I would agree with your wording if no bonus is paid on the new contract before the current contract ends. Otherwise, there the contract really does has at least one element of compensation before you indicate that the contract begins.

Consider this is terms of cash money or in terms of new money. Gronkowski will receive new monies under the new contract starting with any bonus check he receives. I presume that he will receive one before the old contract ends, or perhaps two (if two, then the 2nd would be guaranteed).

For Gronk and is his family, he sees additional revenues in 2012, or in 2012 and 2013 (the bonus money.

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Time of payment is part of the contract. It's a 6 year extension averaging $9 million dollars per, partially guaranteed. Accounting games will allow the money to be spread out in a helpful manner to the Patriots, and will apparently allow them to use up some of the excess "cap" available for this season rather than using it all in future years, but the deal is still the deal.

OK, I'll say it. Henrnandez is a great receiver, and an important member of the team. HOWEVER, I don't that he should even be mention in the same sentence as Gronk.

Yes, I would be fine with signing Hernandez long-term. I suspect trying to sign Welker for 2-3 years is a higher priority in Kraft's eyes. Kraft has said that the team wants to sign Welker to "a long-term deal." I'm sure he does. Securing Gronk clearly came first. It is not at all clear that hw need to extend Hernandez now in order to sign a contract with Welker.

My BOTTOM LINE is that it useful to name the absolutely critical members of the 2012 and 2013 teams. The list is small. For me, the list includes Brady, Wilfork, Gronkowski and perhaps Solder now. We KNOW what happens when Gronkowsi is out.

There are several players whose contract ends in 2012 and 2013. Perhaps Hernandez is the most critical, perhaps not. If you need to plug in a dollar number for Hernandez in 2014 for cap planning purposes, consider using the franchise tag number.

signbabybrady said:

Now comes the real trick, how do we get Hernandez to agree to the same exact structure but at say %80 (or what ever percentage of skill less you preceive him as vs Gronk). And then by knowing what these two get it should make it easier to come with managible numbers for Wes.

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Rex is going to be having nightmares for the next 6 years now, if he lasts that long...

Deus Irae said:

Of course. As I said, it was just a note about Schefter's tweet. The Patriots are so free with information that I'm sure we'll have every detail in 15 minutes or so.

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The agent is an attention whore so we know the info will get out.

signbabybrady said:

Now comes the real trick, how do we get Hernandez to agree to the same exact structure but at say %80 (or what ever percentage of skill less you preceive him as vs Gronk). And then by knowing what these two get it should make it easier to come with managible numbers for Wes.

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I'm sure that on some level Hernandez and his agent must recognize that he's not quite Gronk, so I think this actually sets a pretty good benchmark for the Pats and Hernandez.

I don't see the rush there now though

patchick said:

Why "No"? Ken was simply summing up the current contract situation: "The Pats now have Gronk under contract for the next EIGHT years at $6.8MM/yr."

Your statement in no way contradicts him, it just focuses on the NEW part of the contract. And while the new money is certainly the key to understanding the value of the deal, the fact that they didn't have to rip up the old contract to do it is perfectly relevant.

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Well we just signed up one of the best mismatch player for $6.8MM/yr and protect ourselves somewhat from injury concerns. That's a STEAL.

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That's why "No".

Deus Irae said:

Actually, Ken doesn't have it right. The deal is what it is. There's difference between what the deal is and the accounting games that can be played with it.

You seem to be confused on this, as well.

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Me and the team and the media and his agent. No that's just your contrarian semantics raising it's head again. He is under contract for the next 8 years (at their discretion only via option bonus in 2016) for $55.2M or an average per year cost of $6.8M irrespective of how it is accounted for. $54M is the new money for the additional years on the extension, $8M of which is already headed to his bank and some of the rest of it he may or may not see at the teams discretion. He is guaranteed $13M for skill and $18M for injury through the first 4 years. So you could call it a 4 year $4.5M per deal too, only that would be misleading because the team has the unguaranteed option. Accounting wise it may never account for $2.4 or $2.5 or $6.8 or $9M against the cap. If they cut him for skill or cap after 2 years all he sees is $13M. If he's cut due to injury in 2014 all he sees is $18M. The option bonus ($10M) isn't even due until early 2016 and it's a team option. By then he may be hoping they don't pick it up since the last 2 unguaranteed years of the deal are for $8 and $9M in salary which projects as $10.5 and $11.5M cap hits (which may be a deal by then with all the TV money having kicked in). But if they do he is their's (contractually bound is the term Florio chooses) for 8 years at a total of $55.8M. And if they don't it's a really, really friendly 4 year deal. The did agree not to franchise him if they fail to pick up the option...as if. Protection for him I guess against the tag plummeting as opposed to rising to the point doing so would make no sense.

Gronkowski inks six-year, $54 million extension | ProFootballTalk

MoLewisrocks said:

Me and the team and the media and his agent. No that's just your contrarian semantics raising it's head again. He is under contract for the next 8 years (at their discretion only via option bonus in 2016) for $55.2M or an average per year cost of $6.8M irrespective of how it is accounted for. $54M is the new money for the additional years on the extension, $8M of which is already headed to his bank and some of the rest of it he may or may not see at the teams discretion. He is guaranteed $13M for skill and $18M for injury through the first 4 years. So you could call it a 4 year $4.5M per deal too, only that would be misleading because the team has the unguaranteed option. Accounting wise it may never account for $2.4 or $2.5 or $6.8 or $9M against the cap. If they cut him for skill or cap after 2 years all he sees is $13M. If he's cut due to injury in 2014 all he sees is $18M. The option bonus ($10M) isn't even due until early 2016 and it's a team option. By then he may be hoping they don't pick it up since the last 2 unguaranteed years of the deal are for $8 and $9M in salary which projects as $10.5 and $11.5M cap hits (which may be a deal by then with all the TV money having kicked in). But if they do he is their's (contractually bound is the term Florio chooses) for 8 years at a total of $55.8M. And if they don't it's a really, really friendly 4 year deal. The did agree not to franchise him if they fail to pick up the option...as if. Protection for him I guess against the tag plummeting as opposed to rising to the point doing so would make no sense.

Gronkowski inks six-year, $54 million extension | ProFootballTalk

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Had you simply read the bloody title of the link you posted, you might have figure it out. Instead, you rambled on and on, and made a stupid, and incorrect, comment about me being using contrarian semantics. Here, let me repeat that title for you, in bold.....

Gronkowski inks six-year, $54 million extension

Ken wrote:

we just signed up one of the best mismatch player for $6.8MM/yr

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Now, you should be able to figure out why Ken was wrong from those two lines.

Deus Irae said:

That's why "No".

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OK, but given a long post in which he states the situation clearly and properly to begin with then later re-summarizes in a confusing way, a blanket response of "No" to the whole thing isn't that helpful!

Anyway...this looks like a smart deal that gives meaningful protection to both sides. It also continues a very good string of extending top home-grown talent.

patchick said:

OK, but given a long post in which he states the situation clearly and properly to begin with then later re-summarizes in a confusing way, a blanket response of "No" to the whole thing isn't that helpful!

Anyway...this looks like a smart deal that gives meaningful protection to both sides. It also continues a very good string of extending top home-grown talent.

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At the moment his intention isn't to be helpful.

Great deal for the team. Better deal than for Gronk. But it beats 2 more years of his rookie deal by almost $11M and probably just tops that plus being tagged in 2014 - and he gets $8M in hand this week that is his to keep even if he gets hit by a bus or injured by some idiot fan trying to outgronk him.

ScottieC said:

How pissed off do you think Welker is right now that Gronk got his huge deal and Wes did not?

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You mean the fact that Gronk will be making about $1M less than Welker this year ($8M SB + $530K salary versus $9.5M Franchise Tag).

He probably could care less. Until Gronk sees year five it's a 4 year $18.23M deal. Welker will get more than that if he does sign a long term deal or he will get the tag again and still make more in two years.

It's good to be a Patriots fan!!

:rocker: :rocker: WOW!!! :rocker: :rocker: