clock menu more-arrow no yes mobile

Filed under:

Tom Brady among six Patriots receiving deferred bonus payments today

New England's quarterback received more than his five teammates combined.

With the initial flurry of free agency over and the NFL's attention having turned from the owners meetings to the draft, the offseason has entered one of its slowest periods. The league never sleeps, though, and there are still developments across its 32 franchises.

Six members of the New England Patriots were part of such today. Because of their contractual structure, all six received deferred signing bonus payments (numbers via the Boston Globe's Ben Volin):

QB Tom Brady: $14.0 million

OT Marcus Cannon: $2.5 million

WR Chris Hogan: $1.0 million

LB Shea McClellin: $800,000

SS Patrick Chung: $800,000

LB Jonathan Freeny: $60,000

The payments themselves have no influence on the Patriots' salary cap space, which currently stands at $21.96 million, as they are simply a tool teams use to manage their cash flow. Tom Brady's $14.0 million check he received today is the best example to explain how this method works.

When Brady signed a 2-year contract extension in March 2016, he received a $28.0 million signing bonus to sweeten the deal. But while the bonus is split up over the remainder of the deal and thus hits the salary cap not all at once, the actual payout happens in installments. The future Hall of Famer received first of those installments – also worth $14.0 million – last year; the second one was paid today.