Discussion in 'PatsFans.com - Patriots Fan Forum' started by Calciumee, Jun 8, 2012.
According to Schefter!
That would seem fairly reasonable. $9M/year makes Gronk the highest paid TE in the NFL by a wide margin, and it rips up 2 years of his rookie deal. But it gives the Pats long term security and it's probably well below what Gronk could get on the open market (probably Mario Williams kind of money).
TE records --> GRONK SMASH!!! :rocker:
Just a note here.... Schefter is calling it an extension, not a new deal:
That would mean that Gronk's locked in for 8 years.
Stay healthy, Gronk!
Very happy with how proactive they were on this.
That would be even better! But will have to wait and see!
We need to see the details. The total could be 6 or 8 years.
If its a legit 6 year extension, meaning it ends in 2019, it must follow the Mayo model with bonus money now, no new salaries this year and next and then everything increases after that. Gets Rosenhaus his name back out there and Gronkowski happy and probably at low cap costs through 2015 or 16. Its a really smart cap move by New England
This is fantastic news.
Congratulations to Gronk! It's pretty rare for a guy to do what he has done - in two short years, he has established himself as the best player at his position, arguably one of the top ten players in the league and clearly among the most productive players in the game today.
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.
I guess this means the FO doesn't agree with Jermichael Finley's "Gronk has to show me something more" assessment.
Sincerely doubt it's the latter, regardless of Schefter's wording, but would be awesome if true!
Btw, no matter that it's the richest deal for a TE in history; relative to what he'd score on the open market in 2014, this is a downright STEAL.
Wes must be extremely happy for him.
6 yr, 54M for a TE.......... Wow. They must really like this kid
But what about Wessy Welker?
El Es Fiesta Grande now. Well earned, big boy!
BTW, for a chuckle try doing a Google image search for "gronking." Heck, I'll do it for you:
A touching panorama of men from all walks of life, brought together by a single pose.
FWIW it is being reported as a 6 year extension tacked on to the two remaining seasons, SOP for the NEP. New money average is a market setter at $9M per but overall deal averages 8 years at $<7M. The real benefit to him will be in the guaranteed money and it will remain to be seen how the deal is structured (backloaded, frontloaded) and the likelihood he finishes the deal or one or the other is looking for restructure in 4 years...when all the guaranteed money is gone.
Yo soy dinero
Maybe this gives BB the cap clarity two years out to do the deal with Welker
Thankfully, in most cases, shirts on.
Jason La Canforaā€¸@JasonLaCanfora
In terms of new money over the next two seasons, it comes in the form of a signing bonus worth about $8M
3m Jason La Canforaā€¸@JasonLaCanfora
After 2015, option bonus execution would extend deal thru 2019, so at the max its a 6yr; $54m deal with $13m in skill guar and $18m for inj
4m Jason La Canforaā€¸@JasonLaCanfora
Details of the Gronkowski extension, from @CBSSports.com: $Bm signing bonus; '12 and '13 base remains; new salaries for '14 and '15...
NFL.com reports it's a done deal, and that it does extend Gronk through 2019:
Patriots, Rob Gronkowski agree to six-year $54M extension - NFL.com
Unbelievable news. June 8 in New England should be known from now on as "Gronk Day".
And I predict that Wes Welker will now get a 3 year deal in the $25M range, probably in the next week.
At first blush that is a great deal for the Patriots. He will have to earn it, and if he does by then he will be well worth it. If **** happens they seem to be covered as long as it doesn't happen in the first 2-3 years.
So IF this is an extension, we have him the next 8 years for roughly $56M correct? So this year and next year's cap #'s can be adjusted towards that ~7M # to lessen the future cap hits? Or would they keep his # around 1M and then start the bigger hits in 2013?
Yup, just joining in the wholesome fiesta:
Correct on the long term read. Sounds like they aren't frontloading too much on the cap, just $2M per more for 2012 and 2013 on top of existing rookie salaries (with $8M in his pocket via signing bonus). Only thing that would change that is if the option in 2014 is fully guaranteed, which it doesn't sound to be, in which case it too would be amortized in advance beginning now.
this looks to be one of the best contract wranglings ever by the Pats FO. For the criticism they have gotten for what I perceive as mistakes with Wes and Logan 9and a couple others), they deserve credit here. This gives us so much freedom in not having to worry about this going forward and I'll bet that if everything goes reasonably to plan it'll save the Pats a bunch of money and heartache as well.
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