Julian Edelman’s new contract worth much less than originally reported

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You know the drill by now. Initial reports on the value of a contract often are exaggerated (since they usually come from the player’s agent).

Patriots receiver Julian Edelman‘s new deal vaguely was sold in some circles as a two-year, $18 million extension. The truth is that Edelman’s contract as extended has a base value of less than $18 million over the next three years.

Albert Breer of SI.com posted the numbers earlier today. In actuality, it’s a three-year, $17.925 million contract, that can spike to $24.925 million.

The deal includes an $8 million signing bonus, a $1 million base salary in 2019, a $375,000 roster bonus in 2019, a $3.3 million base salary in 2020 ($3 million of which is fully guaranteed), a $675,000 roster bonus in 2020, a $2.8 million base salary in 2021, a $675,000 roster bonus in 2021, workout bonuses of $500,000 in 2019, $300,000 in 2020, and $300,000 in 2021, and incentives worth up to $7 million.

To get the full $7 million, Edelman must catch more than 90 passes this year, more than 100 passes in 2020, more than 100 passes in 2021, and make it to the Pro Bowl in 2020 and 2021.

It’s clearly a team-friendly deal, keeping with the team’s habit of getting key players to take less, so that more money is available not just for other key players but for backups who have real experience and who will perform more reliably than undrafted free agents and other assorted low-level contributors. Which is one of the reasons why the Patriots consistently compete for championships.

26 responses to “Julian Edelman’s new contract worth much less than originally reported

  1. No, it’s clearly an example (just like Brady) of Kraft flaunting the rules and paying these guys off the books after they retire…no way he took that and no way brady plaed for what he’s been playing for…

  2. Patriots got him for half price. He should have got a lot more money. Bad decision on his part at this point in his career.

  3. The amount of money he makes and will continue to make after his NFL days from endorsements by being a Super Bowl MVP will be much greater than trying to get a bigger contract from another team. If it wasn’t for the Patriots, you might have never heard of him, and he certainly wouldn’t be the star he is today.

  4. sometimes the comfort zone of being totally in sync with an offensive style and a QB going down in history is more worth it then chasing the big bucks on the free agency market and already has made enough to live quite comfortably post career, so for some its not always about the benjamin’s then the perfect fit.

  5. Robert Kraft pays his key players off the books. That way they have more $ to spend on the rest of the team. There is no way in hell Brady accepts taking less than other top QB’s in the league, but produces more… That is the true reason the Patriots have stayed successful while Kraft has been the owner. I am willing to bet the world on it! Once a cheater, Twice a cheater… ALWAYS A CHEATER.

  6. Soon Julie E will also come out with a cookbook and one “anonymous” old geezer will buy 25,000 copies of the $200 book. Talk about “cooking the books”

  7. I mean, most people in regular life have more considerations for a job than cash. A lot of folks wouldn’t just pick up and move for a higher paycheck.

    Glad he’s staying. Looking forward to his reaction when that team falls off the map and he’s not playing in the SB every year.

  8. During the off season of 2013 ANY team in the league could have had Julian Edelman for $1MM/season. The Giants and Pats each offered him one year deals for just under $800K. He states he was LITERALLY crying on his couch wondering what he should do when Brady called him and told him to come back and he’d make it work. That was FOUR superbowls, 3 rings, 1 Superbowl MVP and over $20MM ago.

  9. I know this is probably hard to believe but believe it or not money is not the be all and end all for everyone. He is happy where he is and that counts a lot to him if not all the readers of this column

  10. Lockport Lax says:
    May 23, 2019 at 8:16 pm

    No, it’s clearly an example (just like Brady) of Kraft flaunting the rules and paying these guys off the books after they retire…no way he took that and no way brady plaed for what he’s been playing for…
    __________________
    Extraordinary claims require extraordinary evidence. Do you have ANY EVIDENCE?

  11. Of all the insults and conspiracies your type of people come up with, this is probably the dumbest and most ridiculous.

    ============
    Lockport Lax says:
    May 23, 2019 at 8:16 pm
    No, it’s clearly an example (just like Brady) of Kraft flaunting the rules and paying these guys off the books after they retire…no way he took that and no way brady plaed for what he’s been playing for…

  12. EJ says:
    May 23, 2019 at 9:09 pm
    Robert Kraft pays his key players off the books. That way they have more $ to spend on the rest of the team. There is no way in hell Brady accepts taking less than other top QB’s in the league, but produces more… That is the true reason the Patriots have stayed successful while Kraft has been the owner. I am willing to bet the world on it! Once a cheater, Twice a cheater… ALWAYS A CHEATER.
    ________________

    Once and idiot, twice an idiot… ALWAYS AN IDIOT! Does it physically hurt being this dumb and jealous?

  13. dannywhite11 says:
    May 24, 2019 at 10:19 am
    EJ says:
    May 23, 2019 at 9:09 pm
    Robert Kraft pays his key players off the books. That way they have more $ to spend on the rest of the team. There is no way in hell Brady accepts taking less than other top QB’s in the league, but produces more… That is the true reason the Patriots have stayed successful while Kraft has been the owner. I am willing to bet the world on it! Once a cheater, Twice a cheater… ALWAYS A CHEATER.
    ________________

    Once and idiot, twice an idiot… ALWAYS AN IDIOT! Does it physically hurt being this dumb and jealous?

    —————————-
    Being that jealous hurts a lot and all the time too. Being dumb only hurts when you bump into stuff.

  14. Bob likes to take care of his best Players.
    Kraft does work hard to stay within the rules, though.
    Got a lot of flack for prior violations.
    A real mark on his reputation, which he is still trying to overcome.
    Handy bit of work, though, to keep succeeding like they do.
    In time, the cracks will show, but not soon.
    Florida, where the NFL spring meeting is, saw NFC execs stating there would not and should not be sanctions against Kraft.

  15. SO glad Edelman is staying but, Pats, pay him more. He is an incredible player so pay him what hes worth. PAtriots will be SB 55, 56, and 57 champs (if they don’t cancel the season lol)

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