ESPN – The New England Patriots have signed star receiver Julian Edelman to a two-year contract extension that includes an $8 million signing bonus and $12 million in guaranteed money, a source told ESPN on Tuesday.
The extension through the 2021 season includes $19 million in “new” money, and gives the 32-year-old Edelman, the MVP of Super Bowl LIII, a chance to finish his career where it started.
The Patriots just locked up their No. 1 wide receiver and local cult hero Julian Edelman with a two year extension, which will kick in next year and secure JE11 through 2021. This is a move the Pats kind of had to do after trying everything from drafting athletic freaks like N’Keal Harry in the 1st round for the first time in Belichick’s New England tenure to taking flyers on veterans coming off injuries like Demaryius Thomas. The Pats have been plugging the holes in their receiving core with bubblegum and duct tape so it only made sense to lock up their top receiver.
However, this contract looks to me more like a deal to reward Edelman financially more so than a longterm guarantee. Just look at how its structured: $12 million guaranteed for 2 years with an $8 million signing bonus. Granted I wouldn’t expect the Pats to cut Edelman with a year left on his deal if he’s healthy and productive, a cap hit of just $4M gives them the flexibility to do so while also rewarding their best receiver of the past decade with a nice raise.
Edelman has been on an absolute steal of a contract and was due to make just $2 Million in base salary this year with incentives that could bump that up another few hundred grand. So its well deserved. Normally handing out extensions to 32-year-old receivers with ACL surgeries on their resume isn’t the best business plan, but Edelman ain’t your average receiver. As you all remember, in the first season back from his ACL surgery Edelman caught 74 balls for 850 yards and 6 touchdowns (in 12 games) and oh ya know also won Super Bowl MVP. The only guy ahead of him in playoff receptions is Jerry Rice. Thats it.
Plus have you *seen* him recently?
Here’s to you bub, you earned it.