The New England Patriots continue making smart money moves as they sift their way through the shortened NFL free agency period.
According to Jason Cole of Yahoo! Sports, the Patriots’ newly acquired defensive tackle Albert Haynesworth has “significantly” restructured his deal with New England. Talks regarding making this move, reportedly, were initiated almost as soon as the Patriots dealt for Haynesworth two weeks ago.
Haynesworth was due to earn $5.4 million in base salary this year, as per his old deal. Instead, he will now reportedly reduce his base salary to $1.5 million. That being said, the deal is laced with plenty of incentives – meaning he can still earn the amount he was due to make -- and even more, possibly -- if he performs up to expectations.
If the talented defensive tackle can play for 20 percent of the team’s plays, he’ll earn an additional $1 million. Furthermore if he plays 45 percent of the team’s plays he can earn an additional $590,000. And, finally, he’ll get an additional $590,000 every time he hits the 50, 55, 60 and 65 percent mark.
Haynesworth originally signed a seven-year, $100 million deal with the Washington Redskins in 2009. However, despite lofty expectations, things quickly turned sour with the chronically out-of-shape star putting up the worst performance of his career.
There is also an incentives clause for making the Pro Bowl, which could mean an additional $400,000 for Haynesworth.
Ultimately, this move saves New England approximately $3.9 million on the salary cap, part of which the team will utilize in their efforts to sign Pro Bowl guard, Logan Mankins.