PatsFans.com
PatsFans.com
Mac JonesMac JonesTrey Lance
Search

New England Patriots > Patriots Blog > Patriots News

For Patriots CB Gilmore, Holding Out Would Be Too Expensive

Ian Logue
Ian Logue on Twitter
4 months ago at 3:00 pm ET
Posted Under: Patriots News

For Patriots CB Gilmore, Holding Out Would Be Too ExpensiveTimothy T. Ludwig - USA TODAY Sports

Stephon Gilmore’s status still remains a big question and this week former agent, Joel Corry, appeared on The Next Pats Podcast with Phil Perry discussing possible scenarios on the cornerback’s future.

Corry believes that the two sides will probably figure things out, but he also feels that Gilmore does hold a little bit of leverage.

“To a degree because Belichick, with Robert Kraft’s checkbook, didn’t make all these moves to be 7-9 again and miss the playoffs,” said Corry, when asked if he thought Gilmore had any leverage.  “So if they don’t have Gilmore around, they don’t have another number one corner on the team.  So yeah, it does give him a little bit of leverage.”

“But if I’m the Patriots, I’m hesitant about paying him on a going-forward basis because rarely do you have cornerbacks years 32, 33 and 34, which Gilmore would be 2022 and beyond, play at a Pro Bowl level.  Champ Bailey did it for a couple years, he was a Pro Bowler, Charles Woodson at 35, but he was really kind of a hybrid slot corner then moved to safety the following year.  You had Charles Tillman at 31 do it, and Richard Sherman at 31 in 2019.  Other than that, the past ten years, you don’t have cornerbacks who are 31 and older go to the Pro Bowl.  So what you’d be getting from Gilmore in a going-forward basis would most likely be diminishing returns unless he can defy the odds.”

One thing Corry did point out is that he believes Gilmore will be here when camp opens, primarily because holding out of the preseason doesn’t seem like the most financially viable move. Corry went over the numbers and Gilmore’s absence would cause him to forfeit a sizable amount of money if the veteran stayed away.

“The penalties now are a pretty good deterrent,” said Corry. “If you are a player who is on a veteran contract, then it’s $50,000 per day and that fine can no longer be forgiven, it’s mandatory and training camp is going to run anywhere from 35-40 days.  So you’re looking, if you held out of training camp, upwards of a $2-million fine.  The fines have increased dramatically to deter players from holding out.”

“Then there’s another penalty that Gilmore has.  Since he signed his contract as an unrestricted free agent, he’s also subject to an additional fine that is mandatory of one week’s salary for each preseason game missed.  So 1/18th of his $7-million base salary is slightly under $390,000.  So that’s $390,000 salary, practically, for each preseason game that he misses.  There are three preseason games, so you’re basically over a million dollars in addition to the potential $2-million in fines.  So that’s a pretty dramatic fine that can’t be forgiven.”

“Obviously, he wasn’t happy with his contract or they wouldn’t have made the adjustment last year, where they essentially pulled $4.5 million out of this year’s base salary and put it into 2020, then added an incentive that he didn’t earn for $2-million for being defensive player of the year.”

As far as what he believes it might take to get Gilmore signed, Corry believes it would take a multi-year deal similar to what Darius Slay signed after Detroit sent him to Philadelphia in a trade last offseason.

“I would want a 3-year extension and to me, the minimum would be in the Darius Slay range,” said Corry.  “Darius Slay at 29, when he was traded from the Lions to the Eagles, signed a 3-year extension at the time, which made him the highest-paid cornerback in the league for $50.05-million over the three years.  The structure was very team-friendly, so I wouldn’t want his structure.”

“But basically, you’d have to get me in the $17-million per-year range on an extension and that would make Gilmore the 4th-highest paid cornerback in the league as the salary pay scale for that position is currently constructed.”

How things play out will obviously be at the forefront and Mike Reiss last week wrote that he believes the two sides appear to be in a position where reaching common ground remains a possibility.

Hopefully, we’ll avoid a lot of this potential speculation and the two sides will simply figure it all out before training camp gets here.

(EDITOR’S NOTE: The above also appeared in our Sunday notes column🙂


Posted Under: Patriots News
Tags: Darius Slay New England Patriots Stephon Gilmore


  • guest

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    0 Comments
    Inline Feedbacks
    View all comments

  • More News Headlines:

    Social Media Recap: Former Patriot James Develin Runs Boston Marathon

    Social Media Recap: Former Patriot James Develin Runs Boston Marathon

    By: Robert Alvarez
    Former NFL fullback James Develin runs the 2021 Boston Marathon, Patriots teammates show their support over social media.
    2 days ago
    VIDEO: Mic’d Up Sights and Sounds From The Patriots Week 5 Win

    VIDEO: Mic’d Up Sights and Sounds From The Patriots Week 5 Win

    By: Robert Alvarez
    Check out the best mic'd up moments from the Patriots sideline and locker room with this week's sights and sounds.
    2 days ago
    Best Of Social Media: Week 5 Patriots vs Texans

    Best Of Social Media: Week 5 Patriots vs Texans

    By: Robert Alvarez
    The best social media postings and highlights from the New England Patriots Week 5 victory over the Houston Texans.
    2 days ago
    Patriots Kicker Folk Earns Special Teams Player of The Week Honors For Week 5

    Patriots Kicker Folk Earns Special Teams Player of The Week Honors For Week 5

    By: Ian Logue
    The NFL named Folk the AFC Special Teams Player of the Week thanks to his four field-goal effort against the Texans, which improved the club…
    2 days ago
    MORSE: 15 Observations From Sunday’s Patriots Game 5 Win vs Texans

    MORSE: 15 Observations From Sunday’s Patriots Game 5 Win vs Texans

    By: Mark Morse
    Patriots vs Texans observations after the team won their second game of the 2021 season.
    3 days ago
    Search For Links: - CLOSE
    For searches with multiple players
    add commas (Ex: "Bill Belichick, Devin McCourty")