Gronk inks 6year 54 million extension

[Brady-Carter]

New England Patriots, Rob Gronkowski agree to 6-year, $54 million extension, source says - ESPN Boston

The New England Patriots and tight end Rob Gronkowski have agreed to a six-year, $54 million extension, a league source told ESPN NFL Insider Adam Schefter.

No full numbers yet. More to come..

UPDATE -

The contract includes an $8 million signing bonus, a fully-guaranteed 2012 base salary of $540,000, a fully-guaranteed 2013 base salary of $630,000, and a fully-guaranteed base salary of $3.75 million in 2014.

He also has workout bonuses of $30,000 in 2012 and 2013, and a guaranteed workout bonus of $250,000 in 2014.

His $4.75 million base salary and $250,000 workout bonus for 2015 are guaranteed for injury prior to end of 2014 league year, then guaranteed fully.

The guarantee on signing is $13.17 million, and another $5 million is guaranteed for injury. The total cash for the next four years will be $18.23 million, which exceeds the combination of Gronkowski’s prior contract for the next two years and two years of the franchise tag.

http://profootballtalk.nbcsports.com/2012/06/08/gronkowski-inks-six-year-54-million-extension/

UPDATE 2 -

Ok it looks like the Pats got good deal. Greg A. Bedard breaks it down.

Gronkowski gets something because he was due to only make $1.17 million the next two seasons. Now he's making that plus a guaranteed signing bonus of $8 million. And even if Gronkowski, who sat out his junior year in college with a back injury, suffers a career-ending injury, he’s walking away with $18 million. That's a win for Gronkowski, obviously.

But anytime you get something, you give something up. And, potentially, Gronkowski could have given up a lot by being locked into the Patriots through 2019. There’s a club option for $10 million in 2016. If the Patriots pick that up, that means Gronkowski won’t be able to use the leverage of potential free agency until he’s 31 years old. This isn’t a player’s “huge deal” that they get a shot at. And, potentially, Gronkowski might not get a chance at that until he’s 31. That’s giving up a lot.

So for the Patriots to potentially have the game’s greatest tight end ever locked up until 2019 -- at what in reality is an eight-year, $55.23 million deal ($6.903 million per year) -- could be a huge, huge win for the Patriots down the road.

Gronkowski is not the highest paid tight end in league history, not if the first two years are included -- which they are

For the entire eight years at max value, here's where Gronkowski ranks:

It is important to note that Gronkowski ranks fourth in guaranteed money, which is the most important category of all.

More in the link..

http://www.boston.com/sports/footba...tml?utm_source=twitterfeed&utm_medium=twitter

 

[Formerly known as...]

This is what I'm talking about!!!

 

[jdubnyce]

 

[Brady-Carter]

Twitter / RosenhausSports: Congrats to Gronk & hi

Congrats to Gronk & his family on his contract extension with the Patriots. My thanks to Mr.Kraft & Coach Belichick for making this possible

Rosenhaus

 

[Dat916nigga]

crazy that gronk is only going into his 3rd year

he's gonna be the GOAT TE when it's all said and done

 

[Billy Ocean]

that boy a beast. they better had

 

[MarloStanfield]

His numbers gonna drop this season.

 

[SoulController]

one of the best after the catch, WR/RB/TE whatever guys unreal

Jimmy Graham lookin towards next summer like

 

[Brady-Carter]

UPDATE -

The contract includes an $8 million signing bonus, a fully-guaranteed 2012 base salary of $540,000, a fully-guaranteed 2013 base salary of $630,000, and a fully-guaranteed base salary of $3.75 million in 2014.

He also has workout bonuses of $30,000 in 2012 and 2013, and a guaranteed workout bonus of $250,000 in 2014.

His $4.75 million base salary and $250,000 workout bonus for 2015 are guaranteed for injury prior to end of 2014 league year, then guaranteed fully.

The guarantee on signing is $13.17 million, and another $5 million is guaranteed for injury. The total cash for the next four years will be $18.23 million, which exceeds the combination of Gronkowski’s prior contract for the next two years and two years of the franchise tag.

Gronkowski inks six-year, $54 million extension | ProFootballTalk

 

[No1]

Aaron coming soon. Stay tuned. Mallet is waiting in the wings.

 

[Skip b]

We'll deserved, I aint mad

 

[Double J]

:sadaaronhernandez:

 

[Formerly known as...]

Nah Aaron will be aight. They can wait another year before signing him.

 

[SoulController]

:sadaaronhernandez:

nah, Welker will be the odd man out. they will pay him before Wes, hes 10 years younger and could easily become the #2 target

 

[Tony D'Amato]

Dis anyone else notice how that contract is broke up?


Will he even see 20 mil in 4 yrs of that?


Pats are just grimey