Well this certainly should save the Pats some cap space over the next couple of years. welker is 6 mil per season, and I bet Amendola is around 3 mil average for the same two years. 10 mil gaurenteed over a 5 year deal is good. Gives the Pats a good out if he does keep getting hurt.
Right. The $31 million number is not the important one. It will be interesting to see how the $10 million gets distributed, but even assuming it's all signing bonus, this would likely mean about $3 to $4 million this year in cap hit. So, the Patriots save about $4 million in cap hit over the next two years and the guarantee is low enough that he can be cut after 3 years without much problem.
I am very disappointed about Welker. If I had heard this morning he had been resigned for 2/12, I would be over the moon. But I guess the silver lining here is that they got a replacement who gives them a bit more money to pay for defense and other FAs.
Now we have two major components of the offense who are injury prone, unfortunately.
Any way, here's my best guess at his cap profile. Just guessing.
Signing Bonus $6 million. 2013 salary guarantee. Some sort of injury protection bonus after 2013, maybe.
2013: $2 million salary, $1.2m signing: $3.2m cap hit
2014: $2 million salary, $1.2m signing + 500k misc.: $3.7m cap hit
$5.1 million dead
2015: $4.5 million salary, 1.2m signing + 500k misc: $6.2m cap hit
$3.4 million dead
2016: $7.25 million salary, 1.2m signing + 500k misc: $8.95m cap hit
2017: $7.25 million salary, 1.2m signing + 500k misch: $8.95m cap hit