Patscap breaks down Danny Amendola’s 2017 $4.75M paycut

Miguel Benzan
April 25, 2017 at 9:38 am ET

On April 24th ESPN.Com’s Mike Reiss with an huge assist from Field Yates reported the details of Danny Amendola’s paycut.

Before this paycut Danny Amendola’s 2017 cap number was $7,791,668 which consisted of a
* $6 million salary
* $1,416,668 in signing bonus proration
* $375,000 ($31,250 per 46-man active roster appearance) roster bonus.

After this paycut Danny Amendola’s 2017 cap number is now $3,041,668 which consisted of a
* $1.25 million salary
* $50,000 offseason workout bonus
* $1,516,668 in signing bonus proration
* $225,000 ($18,750 per 46-man active roster appearance) roster bonus.

Under his old deal Danny Amendola could have earned $6.5 million in cash from the Patriots in 2017. Under this new deal he could earn up to $1.7M. There has been no mention of whether Danny Amendola’s new deal still contains his $500,000 NTLBE incentive that was tied to receptions with the lowest trigger level being 90 receptions.

Prior Paycuts:

2015

In March of 2015 Danny Amendola and the Patriots restructured his deal. His 2015 salary was lowered from $4 million to $1.25 million while Amendola was given a $500,000 signing bonus which was prorated over the 2015/2016/2017 seasons. Danny Amendola’s $500,000 receptions incentive was increased to $750,000. His incentives were changed from 90 receptions to the following tiered structure.

* 40 catches for $150,000 – Earned
* 50 catches for another $150,000 ($300,000 total) – Earned
* 60 catches for another $225,000 ($525,000 total) – Earned
* 70 catches for another $225,000 ($750,000 total) – Unearned

Danny Amendola had 63 receptions in 2015 and was active for 15 games. His 2015 cash intake totaled $2,712,500
* $1.25 million salary
* $500,000 signing bonus
* $525,000 in earned incentives
* $437,500 for being active for 14 games ($31,250 per game)
==========
$2,712,500

2016

On May 10, 2016 the Boston Globe’ Ben Volin tweeted that the “Danny Amendola was supposed to have a $5m salary and $6.8m cap hit. New deal has $1.25m salary, $100k signing bonus and $250k per-game bonus”; “Amendola’s new deal guarantees him $1.35m, all this year.; “His new cap number this year is $2,916,666. So #Patriots save $3.4m in cash and $3.9m in salary cap on Amendola” and “Amendola gets $25,000 per game active, but only up to 10 games”.

Danny Amendola’s 2016 cap number was $2,916,666 which consisted of a
* $1.25 million salary
* $1,416,666 in signing bonus proration
* $250,000 ($25,000 per 46-man active roster appearance – maximum of 10 games) roster bonus.

Danny Amendola had 63 receptions in 2015 and was active for 12 games. His 2015 cash intake totaled $2,712,500
* $1.25 million salary
* $100,000 signing bonus
* $250,000 ($25,000 per 46-man active roster appearance up to 10 games) roster bonus.
===========
$1,600,0000

Danny Amendola’s $7.8 million cap hit was the 5th highest on the 2017 Patriots and was the highest of Brady’s offensive weapons. After the paycut Danny Amendola’s $3 million cap hit is now the 18th highest on the 2017 Patriots and is now the 5th highest of Brady’s offensive weapons.

Gronkowski, Rob $6,750,000
Edelman, Julian $5,750,000
Allen, Dwayne $4,937,500
Gillislee, Mike $3,968,750
Amendola, Danny $3,041,668
Burkhead, Rex $3,125,000
Hogan, Chris $2,968,750
White, James $1,789,272
Cooks, Brandin $1,563,198
Lewis, Dion $1,487,500
Develin, James $1,375,000
Bolden, Brandon $695,000 (Bolden’s deal qualifies for the Minimum Salary Benefit treatment which lowers the cap hit of his salary to $615,000)
Mitchell, Malcolm $684,498
Housler, Rob $620,000 (Rob Housler’s deal qualifies for the Minimum Salary Benefit treatment which lowers the cap hit of his salary to $615,000)

The salaries of the below players are not counting against the Patriots salary cap because of the Top 51 rule

Foster, D.J. $0
Lucien, Devin $0
Lengel, Matt $0
Williams, Michael $0
Gronkowski, Glenn $0

Some frequently asked questions about the salary cap implications of Danny Amendola’s paycut

Q: Did you expect this paycut?
A: Yes. For months I have been advising my Twitter followers to bet everything that Danny Amendola would not be on the Patriots Week 1 roster playing with a $7.8M cap hit.

Q: What surprised you about the paycut?
A: The inclusion of the offseason workout bonus

Q: How much was the paycut in 2015?
A: It ended up being $1,787,500 after factoring in the 2015 incentives he earned.

Q: How much was the paycut in 2016?
A: $3,887,500

Q: How much of Amendola’s deal is guaranteed?
A: $1.35 million which consists of his 2017 salary of $1.25 million and his $100,000 signing bonus.

Q: Does this pay-cut guarantee a spot on the 53-man roster for Danny Amendola?
A: I think so. Now consider him a roster lock along with Julian Edelman, Chris Hogan, Brandin Cooks and Malcolm Mitchell.

Q: What was the maximum pay-cut that Amendola could have received?
A: Lowering Danny Amendola’s salary from $6 million to $900,000, the lowest minimum salary for a player with Danny Amendola’s experience along with eliminating his 46-man active roster bonus would have resulted in a 2016 cash intake of just $900,000 for a cap savings of $5,475,000. I strongly doubt that Amendola would have agreed to such a paycut

Q: Exactly how much cap space did this paycut create?
A: $4,750,000

Q: What would be the dead money hit if Amendola is cut in 2017 during roster cutdowns?
A: $2,816,668

Q: What would be the dead money hit if Amendola is traded in 2017 during the roster cutdowns?
A: $1,566,668

Q: Why the differing amounts?
A: His guaranteed salary would go to his new team

Q: How much cap space would be created if Danny Amendola is cut or traded in 2017?
A: $225,000

Q: How much cap space do the Patriots now have?
A: As of 6:40AM April 25th $20,027,765

Q: Do the Patriots now have enough cap space for the rest of the year?
A: Very much so.

Q: How much could Danny Amendola earned under original deal?
A: $31 million if he was active for every game and earn his $500,000 receptions all five years.

Q: How much is Danny Amendola now scheduled to earn from 2013 through 2017 after his three paycuts?
A: $17,887,500 – mo, over $13 million dollars less.

Q: Have you ever heard of a player taking a pay cut 3 straight years?
A: No. But it is unusual for a restructure not to address future years at the same time. In 2015 Amendola’s paycut did not change the terms of the 2016/2017 years. In 2016 Amendola’s paycut did not change the terms of the 2017 year.

Q: What do you think of the praise that Amendola gets for taking a paycut?
A: Personally, I would not praise a player for agreeing to take a market-value deal in the same way I would not praise my realtor for selling my home for its market value. $1.7M is right around his value to the Patriots. $1.7M probably makes Amendola one of the highest paid, if not the highest paid, 4th/5th receiver on a team.

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