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Albert Haynesworth and Chad Ochocinco restructure their contracts with Pats

Discussion in 'PatsFans.com - Patriots Fan Forum' started by BadMoFo, Aug 10, 2011.

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  1. BadMoFo

    BadMoFo Rookie

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    Chad, Fat Albert restructure contracts -- Chad's here until 2013

    RapSheet Ian R. Rapoport
    As @jeffphowe noted, Patriots WR Chad @ochocinco has restructured his contract through 2013. $1M this year, $3M in '11 and '12

    RapSheet Ian R. Rapoport
    As for Albert Haynesworth, his restructuring pays him $3.6M in '10, $1.5M in 2011 and $6.7M in 2012
    Last edited: Aug 10, 2011
  2. danam404

    danam404 Rookie

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    @RapSheet: As @jeffphowe noted, Patriots WR Chad @ochocinco has restructured his contract through 2013. $1M this year, $3M in '11 and '12

    @RapSheet: As for Albert Haynesworth, his restructuring pays him $3.6M in '10, $1.5M in 2011 and $6.7M in 2012
    Last edited by a moderator: Aug 10, 2011
  3. Modest

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    Re: Haynesworth and Ocho restructure

    Even more cap room. I like it.
  4. NovaScotiaPatsFan

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    Re: Haynesworth and Ocho restructure

    Yeah, we needed it. After that Ellis signing it was gettin a bit low, like my bank balance.
  5. TheSolderKing

    TheSolderKing Rookie

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    what is our cap space figure now??? Mankins, Albert and Ocho a new deal and 2 restructured contracts. Ocho is making 1 million this season.



    how much $$$ did we free up? Miguel? Anybody?
    Last edited: Aug 10, 2011
  6. BadMoFo

    BadMoFo Rookie

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    If Matt Roth and his agent would have shut their pieholes, they may have been a part of this bounty.
  7. Calciumee

    Calciumee PatsFans.com Supporter PatsFans.com Supporter

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    Great news to come home from work to :D
  8. jmt57

    jmt57 Moderator Staff Member PatsFans.com Supporter

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    Twitter/MikeGiardi

    "Big restructures for Haynesworth & Ocho, but BB circumvented new CBA rules, wisely, by not re-working 'em til after 1st of league yr"
    Last edited: Aug 10, 2011
  9. Gwedd

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    Very nice news, indeed!
  10. PatsBoy12

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    Both contracts are more than reasonable. I love the Pats front office. They are superb at what they do.
  11. signbabybrady

    signbabybrady Rookie

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    Between the Big Al, Ocho, and Mankins restructure they would have seemed to have freed up alot of money?

    Is there another move to come or is this just a case of book keeping and this money has already been spent on Ellis, Carter, and the like?

    Certainly been a whirlwind few weeks for the front office. Kudos to Floyd Reiss, Caserio, BB and crew.

    I say if there is anything left re-up Welker with it.
    Last edited: Aug 10, 2011
  12. serifyn

    serifyn Rookie

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    i dont know if i can see haynesworth playing 2012 for 1.5 million if he has a huge year this year.
  13. 363839

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    You mean to tell me that AH agreed to play for only 1.5 mill this year?
    Something's wrong with these numbers I think you meant to say 3.6 mil in 2011. But he still agreed to 1.5 mil in 2012? Must be missing some information somewhere.:confused:
  14. Rob0729

    Rob0729 PatsFans.com Supporter PatsFans.com Supporter

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    Wow! Floyd Reese is so good that he can actually go back in time and restructure deals for the year before this year.
  15. jmt57

    jmt57 Moderator Staff Member PatsFans.com Supporter

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    Haynesworth:
    2011: $3.6 million base salary
    2012: $1.5 million base salary
    2013: $6.7 million base salary

    Ochocinco:
    2011: $1 million base
    2012: $3 million base
    2013: $3 million base


    Before restructuring Haynesworth was probably going to be just a one-year rental; he was due $30.9 million over the next four seasons. The Pats saved $22.7 million in base money.

    Huge savings, huge positive impact on the cap.
    Last edited: Aug 10, 2011
  16. eom

    eom Rookie

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    Re: Chad, Fat Albert restructure contracts -- Chad's here until 2013

    wish I had that guy's agent
  17. patriot lifer

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    Last edited: Aug 10, 2011
  18. Belichicknumber1

    Belichicknumber1 Banned

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    Sounds like they are loving the kool-aid around here. Good stuff.
  19. WhiZa

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    per Reiss he's getting 6.7 million in 2012 so basically if he's not an pro-bowler this year he's getting cut. Great move by the Pats
  20. DaBruinz

    DaBruinz Pats, B's, Sox PatsFans.com Supporter

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    First off, it's not Reiss, but Mike Rodak who reported it.

    Steve Silva of the Globe is also reporting this. And it contradicts what Ian Rappaport is saying.
    Last edited: Aug 10, 2011
  21. italia44

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    They're purchasing the Duchy of Liechtenstein:rocker:
  22. betterthanthealternative

    betterthanthealternative Rookie

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    Can she rush the passer?
  23. PATSYLICIOUS

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    My concern as well, if he does really well for us. His salary will drop $2M and he'll be paid peanuts (comparatively speaking of course), coming off a big year? Even somebody with zero history of character issues would concern me there.
  24. Urgent

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    First of all, that's really cool. Both very reasonable.

    Second, I wonder if there are signing bonuses involved. The base salaries are reported. It would be sort of odd for Ocho, for example, to simply agree to work three years for the pay he is under contract for for one year. If there are signing bonuses, which seems likely, it makes it more difficult for the Patriots to cut each player. Under the current deal, each was more likely a one-year rental.

    Third, OK, why? Given that the Patriots like to spend near the cap, and there are still the little exceptions available, why are the Patriots opening up some significant cap space - and potentially pushing more into future years? The Mankins deal, whatever it is, almost certainly reduces this year's cap cost, but would increase future years. He's probably not just giving money away. So that implies they have some other use for the cap money.
  25. Amnorix

    Amnorix Rookie

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    Reiss:


    At this point, it looks like a one-year contract as Haynesworth's pay spikes in 2012 -- a base salary of $6.7 million, along with a roster bonus of $400,000 (due Aug. 1) and another $100,000 in the form of a workout bonus.

    So in this case, it looks like Haynesworth was willing to take less to get out of Washington and revive his career with New England. In turn, the Patriots seem willing to accept a one-year arrangement for the fifth-round pick they traded.

    As for Ochocinco, his contract falls into the same category.

    In addition to his $1 million salary for 2011, he also has a $1.5 million prorated roster bonus, meaning his total pay this year is approximately $2.5 million.

    Most would consider that a bargain, again falling into the low-risk, high-reward classification from a team perspective.

    Ochocinco’s new deal extends through 2013. He is scheduled to earn base salaries of $3 million apiece in 2011 and 2012, and also has $1.5 million prorated roster bonuses in 2012 and 2013.

    So Ochocinco would be making approximately $4.5 million if he sticks in 2012 and 2013.

    Patriots limit risk with contracts - New England Patriots Blog - ESPN Boston
  26. USCPatriot

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    Wait.... I thought that Ocho was only here on a 1 year deal. I thought many reports confirmed that the Pats did not sign him to a new contract, which is it?
  27. PATSYLICIOUS

    PATSYLICIOUS Rookie

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    This makes alot more sense to me. It's a prove year for Haynesworth. Do well and salary boosts up to $6M (well worth it if he impacts our pass rush). If he doesn't work out we can cut ties... just wonder how much of that '12 cap # is guaranteed. Oocho's deal is awesome as well for us, very low figures for his potential. And if he too somehow stinks for us it's still not that much to pay.
  28. Urgent

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    A bit confusing term - 'prorated roster bonus.'
    A pro-rated 'signing' bonus is paid up front (and thus guaranteed since it is paid for signing), and pro-rated against the cap.
    An annual roster bonus is simply an amount the player makes if he is on the roster - almost by definition not guaranteed.
    Since he says 'total pay is $2.5mm' sounds like the latter is the case.
  29. Brady_to_Moss

    Brady_to_Moss Revis Island is here PatsFans.com Supporter

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    Nice! :rocker:
  30. MoVaughn4Prez

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    Just to clarify. Today is August 10, 2011. 2010 was last year. 2009 was the year before that.


    Base Salaries

    Ochocinco:

    * 2011 - $1,000,000
    * 2012 - $3,000,000
    * 2013 - $3,000,000

    Haynesworth:

    * 2011 - $1,500,000
    * 2012 - $6,700,000


    New England Patriots Blog - ESPN Boston
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