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Underpaid Edelman under contract for $14 million over three years

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Patriots quarterback Tom Brady is a leader on the field and, when it comes to taking less money than he’s worth, off it, too.

Receiver Julian Edelman’s new contract — originally leaked as a multi-year! extension — tacks two new seasons onto the existing one, at a payout of $14 million through 2019.

Via Albert Breer of TheMMQB.com, the two-year extension has a value of $11 million with $7 million fully guaranteed. Chances are that fully-guaranteed amount absorbed the $3 million non-guaranteed salary Edelman was due to earn this season.

For a guy who never leaves much on the field, he likely left plenty on the table. Last year, Edelman had 98 catches for a career-high 1,106 yards, and he continues to be a key cog in the team’s offense, a reliable option in the slot on whom Brady can always rely.

That said, Edelman is 31 — and some believe that newcomer Brandin Cooks eventually will become the new Edelman in the offense. And so by next year Edelman may start doing the annual Amendola exercise, taking even less for the privilege of continuing to pursue championships.

On one hand, it’s admirable. On the other, those glory days that will have long passed him by won’t be paying the bills when Edelman is 85.

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43 Responses to “Underpaid Edelman under contract for $14 million over three years”
  1. Packernet says: Jun 8, 2017 10:27 PM

    I have a hunch he’ll be alright.

  2. intrafinesse says: Jun 8, 2017 10:29 PM

    Belichick knows how to negotiate. Edelman really wants to stay, so BB forced a low salary on him.
    Edelman didn’t have to take it, so blame him, not the Pats.

  3. faithful49er707 says: Jun 8, 2017 10:33 PM

    He and Brady both learned at a young age that each individual on a SuperBowl champion team must sacrifice for the greater good.

    They learned this as kids watching/rooting/attending games to the Greatest Franchise in the NFL.

    The San Francisco 49ERS

  4. topcide says: Jun 8, 2017 10:37 PM

    If the 14 million alone, let alone what he has earned previously, is gone when he’s 85 then deserves to be broke.

  5. touchdownelvis says: Jun 8, 2017 10:42 PM

    Having said all that, he’s a guy who is hyper-aware of his personal brand and is already taking plenty of steps to market himself off the field, especially over social media. In fact, his BFF is very much following Edelman’s lead in that regard.

    Plus he’ll never have to buy his own drinks in the New England region for as long as he lives, after That Catch.

    Put it this way, he’s probably not too likely to end up on the next installment of Broke.

  6. intrafinesse says: Jun 8, 2017 10:47 PM

    Not underpaid, fair market value.
    It takes 2 to negotiate. If you agree to a contract, don’t complain.

    I’m underpaid at work because I’m not making $20 million a year. I caved in and accepted what the company is paying me (which is less).

  7. tiller21 says: Jun 8, 2017 10:48 PM

    Not a pats fan, but who wouldn’t want a guy like this on their team? Gives everything to win it all. Admirable

  8. smartanis says: Jun 8, 2017 10:52 PM

    If a guy who makes that much money over the course of ten years needs help paying his bills at 85, he spent too much of it at 35.

  9. bosoxpatsfanincali12 says: Jun 8, 2017 11:14 PM

    Edelman has $16.3 million and will have made about $35 million by the time this new contract is done. Plus he has endorsements…

    Pretty sure he will be fine at age 85 is he is responsible with his. Oney. Many people have blown threw much more as well so what difference is $5 m more or less at that point?

  10. u4icgroov says: Jun 8, 2017 11:20 PM

    “On one hand, it’s admirable. On the other, those glory days that will have long passed him by won’t be paying the bills when Edelman is 85.”

    According to Spotrac.com, Edelman has made over $16 million during his career. Now he’s got a guarantee of an at least $7 million more. If he can’t make $23 million “pay the bills” at age 85, he’s got bigger problems than taking a little less cash to play for Super Bowls.

  11. florida76 says: Jun 8, 2017 11:28 PM

    It’s unlikely Edelman would have been as productive in another system, so I’m sure he’s happy staying in New England. In terms of his old age, if Edelman saves his money, there should be no worries at all.

  12. QB Film Room says: Jun 8, 2017 11:33 PM

    ???? Don’t like Edelman much??? 5’10” White College QB Now is top 5 wr in league? give him some credit!!!

  13. hanspard says: Jun 8, 2017 11:45 PM

    For as good as this guy is, it feels like he never really got paid for it.

  14. picksixx says: Jun 9, 2017 12:00 AM

    This is the NFL! No one makes it to 85!

  15. amishninjas says: Jun 9, 2017 12:12 AM

    Aren’t many teams backing up the Brinks truck for a 31 year old slot receiver. The way this reads he’s leaving millions on the table every year.

  16. bencoates57 says: Jun 9, 2017 1:11 AM

    If he manages his money, yes it will.

  17. therealraider says: Jun 9, 2017 1:26 AM

    14 million dollars is enough for me for the rest of my life. Thats $100,000 a year for 140 years. I’d make it to atleast 100 before going broke.

  18. brawnyhombre says: Jun 9, 2017 1:41 AM

    This again? Fine, let’s crunch some numbers to see just how poor Edelman really is.

    Of that $14 million over the next three years, assuming he’s taxed at the highest rate – and he is – he’d bring home about $8.2 million. Let’s say he’s got some debt he pays off, maybe buys himself a nice car or summer home, or whatever. We’ll say he’s left with $6 million in the bank.

    If he does live to age 85 and no longer, that $6 million roughly breaks down to over $9,000 per month on which to live.

    Now, this is just the $14 million over the next three years. It doesn’t count the money he’s already made in his career, and it assumes he’ll never work again after these three years. A final assumption in these numbers is that he isn’t earning any interest or otherwise investing any of his earnings. In the unlikely event that all of the preceding is true, he’ll still be scraping by on a monthly amount that’s two-and-a-half times more than the average U.S. household.

    As I keep saying, once you get beyond a certain income level, as professional athletes often do, they’re no longer “earning a living”. The living’s been earned and secured. Refusing to leave “money on the table” isn’t earning a living. It’s just playing a game with numbers, which is an insult to those who really do need to earn their living in a world where that’s increasingly difficult.

  19. mlhigh says: Jun 9, 2017 1:44 AM

    Pats are notoriously cheap, but they win. What’s new? Move on.

  20. pftthoughtpolicemostwanted says: Jun 9, 2017 3:25 AM

    “On one hand, it’s admirable. On the other, those glory days that will have long passed him by won’t be paying the bills when Edelman is 85.”

    So are you saying that the rest of us that haven’t made millions upon millions are REALLY screwed by the time we’re eighty-five?

  21. hawdog says: Jun 9, 2017 3:50 AM

    …and with the amount of accrued seasons he will have the pension payments depending on when he takes them (55 or 65) will pay him handsomely. Not to mention all the endorsements a Boston area legend (courtesy the incredleman catch in SB LI) will rack up during “retirement”. He already has endorsement deals and anybody who isn’t a moron can make $15 million last for generations. Get a clue. Who gave him the chance? Who put him in a position to succeed and coached him up for a decade? How did David Givens work out in Tennessee? How did Deion Branch work out in Seattle? Peyton killed Welker in Denver. Ain’t nobody want a lifetime receiver killer to put them out to pasture. Stay with TOM and the system and live on the hog forever. Leave and take your chances. Vegas must love you

  22. aj66shanghai says: Jun 9, 2017 5:10 AM

    Underpaid? He’s lucky to be where he is, he would probably get a substantially bigger contract elsewhere but he’d get cut after 1 year because he would be in the 65 catch 4 TD range. He is no dummy, and the Patriots are being more than kind to promise him more money. As one of Tom’s favorites, they probably figured it was worth going off-script for this signing, as they of course want to give TB every chance to maximize his success in his twilight seasons.

  23. pastabelly says: Jun 9, 2017 5:16 AM

    There is another $4 million in incentives in the deal and those details aren’t out yet. If they’re relatively easy to reach, then the deal is $13 million more over two years for a receiver over 30. This also gives him a chance to slide into the second receiver role with Cooks moving up. Malcolm Mitchell will also need to get paid at some point.

  24. ztigr says: Jun 9, 2017 5:52 AM

    Edelman hit free agency once and got no real offers. He’s just too specific to what the Patriots like to do.

  25. BIGGSHAUN says: Jun 9, 2017 6:30 AM

    The Patriots Mafia are out in full force against Florio this morning!

  26. noknoknokpenny says: Jun 9, 2017 6:47 AM

    hanspard says:
    Jun 8, 2017 11:45 PM
    For as good as this guy is, it feels like he never really got paid for it.

    ==========================
    You may be right.

    On the other hand, he would have been out of the league in two years had he been drafted by any other team.

    And as for the receiver he has become…would he be that same receiver in another circumstance?

    Look at Welker, either in Miami (before the Pats) or Denver. In those places he was just a pretty good slot receiver.

    I hate to say it because I love Edelman, but his numbers are a cut below Welker’s.

    He stayed in the place where he will continue to be a star. Maybe for a little less money per year, but certainly for more years.

  27. george1859 says: Jun 9, 2017 6:53 AM

    In an industry that robs you of your physical and mental health, at his ridic0cheap contract numbers, he’ll be broke at 45.

    You have to strike when the irons hot Jules, because no one cares about you when you are unable to earn.

  28. refshavegottogo says: Jun 9, 2017 6:56 AM

    If he can’t live off 30 million for the rest of his life then he has some big problems.

  29. wentzsteiger says: Jun 9, 2017 7:16 AM

    Those glory days will never pass him by! How many of us know who are great grandparents names are. His legacy within his own family will last centuries. There’s a big difference between someone who has played in the NFL and a Champion. Champions are remembered. There’s nothing wrong with valuing the almighty dollar, but there is also nothing wrong with valuing other things like more. Family and Legacy are important to some people.

  30. touchdownelvis says: Jun 9, 2017 7:55 AM

    And I hate to say this, but if Edelman makes it to 85, I don’t think money is going to be his issue. Guy has taken plenty of hard hits up top, just look at Welker even now.

  31. bengalbug says: Jun 9, 2017 8:07 AM

    In 2013 the patriots let their,31 year old, leading reciever from 2012 walk after catching 118 catches for 1,300 yards. Said reciever went on to sign a 2 year 12 million contract with another team.

    Fast forward to 2017 and the patriots are extending their, 31 year old, leading reciever with one year left on his contract AND after bringing in Brandin cooks, to a 2 year 11 million extension.

    I don’t see any problems here. Patriots could have just stayed pat, and let him walk after next year and let the market dictate his value (probably 2 year 10-12 million)…. And they would have likely just kept on keeping on.

    Good deal patriots. Good deal Edelman.

  32. 6ball says: Jun 9, 2017 8:25 AM

    .
    It’s always important to remember that the Patriots are paying you based upon your expected contribution going forward. In that scenario it’s unlikely that Edelman catches 90-100 balls per season. In all probability his role will be reduced.

    One of the great benefits of being a quality NFL player is that besides being paid a boatload of cash, you can also choose where you want to ply your services. I think Brady, Edelman and Josh McDaniels offense are joined at the hip. I don’t think Edelman would accept a contract with the Jets for a few more millions.
    .

  33. dsigrey says: Jun 9, 2017 9:12 AM

    On the other, those glory days that will have long passed him by won’t be paying the bills when Edelman is 85.

    __________________________________

    If the added 14 million won’t pay the bills when he’s 85, then I’m screwed…

  34. dsigrey says: Jun 9, 2017 9:13 AM

    mlhigh says:
    Jun 9, 2017 1:44 AM
    Pats are notoriously cheap, but they win. What’s new? Move on.
    _______________________________

    Another misconception…

  35. Ralphie says: Jun 9, 2017 9:15 AM

    “On the other, those glory days that will have long passed him by won’t be paying the bills when Edelman is 85.”

    _________________________________

    Mike Florio, NBC’s resident Financial Planner.

  36. tylawspick6 says: Jun 9, 2017 9:32 AM

    faithful49er707 says:
    Jun 8, 2017 10:33 PM
    He and Brady both learned at a young age that each individual on a SuperBowl champion team must sacrifice for the greater good.

    They learned this as kids watching/rooting/attending games to the Greatest Franchise in the NFL.

    The San Francisco 49ERS

    2 22
    Report comment

    ————-

    In the vastly easier Pre-Cap Era, sure.

    But NE is doing this in the Cap Era, which is stunning.

  37. tylawspick6 says: Jun 9, 2017 9:33 AM

    dsigrey says:
    Jun 9, 2017 9:13 AM
    mlhigh says:
    Jun 9, 2017 1:44 AM
    Pats are notoriously cheap, but they win. What’s new? Move on.
    _______________________________

    Another misconception…

    2 0
    Report comment

    ———————

    Very much so.

    By 2011, NE had the highest paid QB, DT/NT LB, Guard and slot WR in the NFL.

    NE pays their own, and whom they know, not so much others whom they can’t trust and who may use the Pats brand to cash in.

  38. tylawspick6 says: Jun 9, 2017 9:40 AM

    touchdownelvis says:
    Jun 8, 2017 10:42 PM
    Having said all that, he’s a guy who is hyper-aware of his personal brand and is already taking plenty of steps to market himself off the field, especially over social media. In fact, his BFF is very much following Edelman’s lead in that regard.

    Plus he’ll never have to buy his own drinks in the New England region for as long as he lives, after That Catch.

    Put it this way, he’s probably not too likely to end up on the next installment of Broke.

    24 1
    Report comment

    —————–

    He wasn’t buying his own drinks before that catch anyway.

  39. patfanken says: Jun 9, 2017 9:44 AM

    Another thing to consider here is the fact that with a healthy Gronk, the new toy in Cooks, to go along with Hogan, Mitchell, Lewis, White, etc, etc etc; it is very likely that Edelman will be able to match his recent production, even if he is playing very well. There are just so many other legit targets.

    Teams don’t pay top dollar for 32 year old WR whose production looks like its dropping, even if the stats are a mirage. So this is actuallya good deal for BOTH sides.

  40. pkrlvr says: Jun 9, 2017 9:45 AM

    For a guy who never leaves much on the field,
    ———
    You sure you got that right?

  41. terripet says: Jun 9, 2017 10:17 AM

    Underpaid where is Julie gonna make that kind of money hope it is guaranteed cause he won’t last the whole year

  42. tylawspick6 says: Jun 9, 2017 10:18 AM

    patfanken says:
    Jun 9, 2017 9:44 AM
    Another thing to consider here is the fact that with a healthy Gronk, the new toy in Cooks, to go along with Hogan, Mitchell, Lewis, White, etc, etc etc; it is very likely that Edelman will be able to match his recent production, even if he is playing very well. There are just so many other legit targets.

    Teams don’t pay top dollar for 32 year old WR whose production looks like its dropping, even if the stats are a mirage. So this is actuallya good deal for BOTH sides.

    0 0
    Report comment

    —————

    That actually bodes well for the health of both Gronk and Edelman, hence why BB is willing to pay Edelman this amount past 30.

    Stats will be less, but availability and balance of the offense will be more potent, which means a SB appearance chance going UP.

  43. tylawspick6 says: Jun 9, 2017 10:41 AM

    terripet says:
    Jun 9, 2017 10:17 AM
    Underpaid where is Julie gonna make that kind of money hope it is guaranteed cause he won’t last the whole year

    0 2
    Report comment

    —————

    Your jealousy is a delight, little Indy goober.

    Hey! What do you think about your high owner predicting Amish Beard will lead the Coltsies in white panties in a cute dome to multiple “Lombardis” (plural)?

    hmm?

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