Patriots RB LeGarrette Blount takes pay cut as part of trade
But, the Patriots seemed to be taking on a larger financial commitment in the trade by picking up a grand total of $1.75 million on Blount’s contract in contrast with running back Jeff Demps reportedly due to make $405,000 in base salary for 2013. However, Belichick was determined to do justice to his promise as the Buccaneers renegotiated the final year of Blount’s contract.
Blount, who became a restricted free agent this offseason, signed a one-year contract extension with Tampa Bay early in free agency. The deal carried a $1.25 million as well as additional bonuses – including a $150,000 workout bonus and a $350,000 bonus for reporting to training camp. Next offseason, Blount will become a free agent.
However, the New England Patriots reduced his salary-cap hit by $1.07 million, through convincing Blount to take a $630,000 non-guaranteed salary, the league minimum for a fourth-year veteran. In case Blount lands on the injured reserve, his 2013 salary could be further reduced to just $358,000.
Additionally, Blount’s workout bonus has been reduced to $50,000 while his training camp bonus has also been eliminated.
Last season, Blount struggled to find playing time on field while with Buccaneers due to the emergence of rookie Doug Martin.
Now, the 26-year-old Blount is expected to compete for the backup role on the depth chart behind New England Patriots’ starting running back Stevan Ridley.