Time To Consider Contract Extensions

[mgteich]

The bye week is often the time to consider contract extensions. I could see one or two of the following being extended:

K Gostkowski
KR Patterson
P Allen
CB Jones
CB J McCourty
WR Gordon (he is ours anyway through 2019 with a top RFA tender)
WR Dorsett

I don't see Brown happening until the off-season.

Cap money could be freed up (if necessary) through a restructuring/extension of Gilmore, Brady or Devin McCourty.

 

[DaBruinz]

I'm surprised you've ignored Trey Flowers who, imho, should be the top priority out of all of them.

 

[mgteich]

I'm surprised you've ignored Trey Flowers who, imho, should be the top priority out of all of them.

Sure he is. That kind of deal rarely happens in the bye week. Flowers will at least see what is available in free agency.

 

[Ice_Ice_Brady]

I think Patterson would be a great extension if he's pretty cheap. He would be a lot more consistent and dangerous if he had played on a normal Patriots offense with a lot of weapons. If he were an afterthought in the offense, that's a really good thing. At the moment, no one in the offense is an afterthought because the only guy who can dominate a game also misses connections with Brady about 50% of the time.

 

[Hyped]

Do we even have the cap room to do so? I realize that an extension reduces the current cap amount immediately...but do we have enough cap space for 2018? Last I looked...we had like 4M left.

 

[PatsWickedPissah]

Do we even have the cap room to do so? I realize that an extension reduces the current cap amount immediately...but do we have enough cap space for 2018? Last I looked...we had like 4M left.

Uh, that's the point!
That 2018 ~$4M cap would INCREASE with extensions.

 

[mgteich]

Do we even have the cap room to do so? I realize that an extension reduces the current cap amount immediately...but do we have enough cap space for 2018? Last I looked...we had like 4M left.

Let's use Patterson as an example. He might be given a $3M bonus for a 3 year extension. That would leave us with the 2018 proration of the bonus money.

To have a major extension, one of the top players would need to be involved to free up money.

 

[maineman209]

Uh, that's the point!
That 2018 ~$4M cap would INCREASE with extensions.

Not for ALL extensions. It depends on the composition of the current cap hit (how much is something other than salary), and how the new guaranteed money of the extension is structured (how much is amortized signing bonus).

Shaq Mason's extension increased his 2018 cap hit because his "convertible" salary amount was significantly less than the 2018 portion of total signing bonus. His 2018 cap hit increased from just over $2M to just over $3.4M.

Mason's 2018 cap hit was composed of:
$1.907M salary
$111k payment on previous signing bonus
TOTAL = $2.018 cap hit

$1M of 2018 salary converted to signing bonus leaves $1.018
$11M in new signing bonus added to that $1M = $12M
Divided by 5 years, including 2018 = $2.4M/year
$2.4M added to remaining 2018 cap hit = $3.418M new cap hit.

Net decrease in cap space of ~$1.4M

An extension for Trey Flowers right now ($1.907 salary + $139k previous signing bonus payment) would almost certainly decrease cap space by much more than $1.4M since his new signing bonus money would likely be significantly more than $11M.

Counter example:
Gostkowski's current cap hit is $5M. It's composed of:
$3.2M salary ($2.2M convertible to bonus)
$1.5M pro-rated portion of previous signing bonus
$200k weekly bonus
$100k workout bonus

For a 2-yr extension ...
--- Subtract $2.2M to convert to signing bonus = $2.8M.
--- Add (say) $3.8M in new signing bonus to the converted $$ = $6M
--- Divide by 3 years (the entire term of the extended contract) = $2M/year
--- Add the $2M to the $2.8M remaining for 2018 after conversion = $4.8M

Savings is $200k on the 2018 cap.

 

[maineman209]

Do we even have the cap room to do so? I realize that an extension reduces the current cap amount immediately...but do we have enough cap space for 2018? Last I looked...we had like 4M left.

Not ALL extensions reduce current cap hits.

(see comment above)

 

[patriot1136]

Jon Jones please. Flies under the radar a bit, but a solid role player for us.

 

[JarOfMayo51]

The bye week is often the time to consider contract extensions. I could see one or two of the following being extended:

K Gostkowski - definitely extend him, easy contract to do. Shouldn’t take much time.

KR Patterson - would like to see him extended. Nice ST and gadget player who can emergency sub at RB.

P Allen - honestly Allen has seemed pretty awful this season, but I don’t have the stats to back that up. I’d extend him for a low contract, but I’m not paying him as a top punter

CB Jones - been a solid player but I fear someone will steal him with a sweeter deal

CB J McCourty - should be able to extend him, he wants to be with his brother and should be able to extend him cheaper than the deal he was on when we traded for him at his age

WR Gordon (he is ours anyway through 2019 with a top RFA tender) - super scary to give this guy guaranteed money.. id say absolutely extend him if you can get language that protects the team if he relapses and is banned from the league

WR Dorsett - he’s still relatively young and should be cheap. I’d say extend him because of his familiarity with the offense, but they really need to start developing young talent at the WR position. You wouldn’t want Dorsett playing more than a 4th or 5th wr option. If this were post-Brady I’d say just let him walk, but while Brady is here they need to keep as many guys as he’s familiar with around

I don't see Brown happening until the off-season. - unless Wynn is ready to step in at LT, it would be beyond foolish for Belichick to let Brown walk and expose his 42 year old QB. While Brady is here, there is no excuse not doing everything you can to protect him

Cap money could be freed up (if necessary) through a restructuring/extension of Gilmore, Brady or Devin McCourty.

I can see Devin restructuring and possibly Gilmore to help the team. Brady may not even be happy with his current deal so asking him to restructure wouldn’t fly if that’s the case IMO

 

[Bradyking12]

Anybody know what our cap space for 2019 is?

 

[BelichickFan]

Anybody know what our cap space for 2019 is?

Just under $26M (which is 10th least) but can balloon up to $50M if they move on from some aging big games like Gronk, Hightower, McCourtey and Allen.

 

[NG Pats Fan]

Time to get rid of Mccourtys awful contract

 

[PATSYLICIOUS]

I wouldn’t extend allen. Yes, the coverage has been awful and its hard for me to tell just how bad HE has been, but its not hard to bring in some competition or use a low round pick to upgrade

 

[BelichickFan]

Time to get rid of Mccourtys awful contract

McCourty ($9.5M)
Gronk ($10M)
Hightower ($5.375M)
Allen ($7.4M)
Clayborn ($4M)

Are all likely gone without re-doing their contracts IMO. That would free up $36M and give us $62M to rebuild, starting with Flowers.

Another candidate would be Van Noy at $4.75M savings and Cannon at $4.75M.

They could open up serious cap room (and serious holes on the roster) depending how they feel about these guys.

(all numbers from overthecap.com)

 

[JarOfMayo51]

Jon Jones please. Flies under the radar a bit, but a solid role player for us.

I hope he stays but I see some team offering him too much for us to match

 

[NG Pats Fan]

McCourty ($9.5M)
Gronk ($10M)
Hightower ($5.375M)
Allen ($7.4M)
Clayborn ($4M)

Are all likely gone without re-doing their contracts IMO. That would free up $36M and give us $62M to rebuild, starting with Flowers.

Another candidate would be Van Noy at $4.75M savings and Cannon at $4.75M.

They could open up serious cap room (and serious holes on the roster) depending how they feel about these guys.

(all numbers from overthecap.com)

Dwayne Allen 7.4 million? My goodness. Probably the least talented 8 mil per year player I have ever seen

 

[BelichickFan]

Dwayne Allen 7.4 million? My goodness. Probably the least talented 8 mil per year player I have ever seen

The good news is there's not a cent of dead money with him. Cutting him saves $7.4M and costs nothing in dead money.

 

[luuked]

Dwayne Allen 7.4 million? My goodness. Probably the least talented 8 mil per year player I have ever seen

He is not a 8m per year player as there is no way he will be playing under it next year.

He is either gone completely at the start of FA or the team is fine eating the 500k of bonus to have insurance through the offseason/preseason but he will be under the same pressure as this preseason to take a paycut (via extension) or be cut right after camp. No ****ing way he will actually see the contract play out.

I still think there is a place for a player with his skillset on the team but obviously at a lower salary. Somewhere in the range of 2.2m-2.8m APY (which puts him 500k-1m above what Develin is paid).