Little risk for Patriots with Haynesworth, Ochocinco contracts
There is little risk involved for the New England Patriots when it comes to two of their more high-profile additions.
Albert Haynesworth and Chad Ochocinco restructured their contracts in order to be traded to the Patriots and the team is in a situation where if it doesn’t work out they can move on and do so cheaply.
According to Mike Reiss of ESPN Boston, Haynesworth is set to earn $1.5 million this season but the club could cut him tomorrow and not owe a dime. The defensive tackle doesn’t have any bonus payments the team would be required to make, so if Haynesworth doesn’t fit the program in preseason and the rest of training camp, he’ll be packing his bags, but not with money. Next year, Haynesworth is on the books for $6.7 million with a modest roster bonus of $400,000 and a $100,000 workout bonus. It would be surprising if the Patriots paid him $7.2 million, so count on this being a one-year deal effectively.
Ochocinco has a base salary of $1 million in 2011 with a prorated roster bonus of $1.5 million. That means he probably gets $93,750 each week he is on the active 46-man roster. So, Ochocinco can pocket $2.5 million this season, a fair price if he produces like he has in the past. His base pay for 2012 and 2013 is $3 million with the same prorated roster bonus bringing his total possible pay to $4.5 million.
Not bad investments when you consider New England got both players in modest trades.
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Brad Biggs covers the Bears for the Chicago Tribune