Wednesday, April 10, 2013
Meaning of Kelly's contract
By Tom Carpenter
Earlier this week, we discussed the impact that defensive lineman Tommy Kelly could have for the New England Patriots this season. Since then, the financial details of his two-year contract have been released. He got a $1 million signing bonus with $1 million guaranteed on the two-year deal that could pay him as much as $5 million. You can follow this link to see the specific annual break down of the payouts for the contract.
As for the meaning of how the Patriots structured the deal, ESPNBoston.com's Field Yates reads between the lines:
Field YatesInside Kelly's two-year deal
"Though the deal includes just $1 million in guaranteed money, the maximum value of $5 million is a reflection that the team doesn't view Kelly as a player whose play has dramatically dropped off as he enters his 10th season in 2013. One of the factors that the team likely valued about Kelly is his consistency, as he played and started in every game for Oakland over the last five seasons. If he can stay healthy, his roster bonuses are achievable and would result in up to $1 million in additional money. The most recent salary cap space update indicated that the Patriots had roughly $10.2 million in leftover space, and Kelly's $2 million charge for 2013 leaves the team with additional room to work with."