Patriots RB LeGarrette Blount takes pay cut as part of trade

5/5/13 in NFL   |   IvanRogers   |   1352 respect

FanIQ | Sports Rumors, Gossip, Blogs, News & Discussion ForumsAt the time of the 2013 NFL draft, when England Patriots coach Bill Belichick announced the acquisition of running back LeGarrette Blount as a “good value” trade with the Tampa Bay Buccaneers. The Patriots shipped former undrafted free agent Jeff Demps and a draft pick to the Tampa Bay Buccaneers in exchange for Blount.
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.
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