10:05am: Volin tweets that the contract comes in at $2.975MM over the two seasons, with cap numbers of $1.275MM and $1.625MM.
8:25am: The Patriots have signed wideout Keshawn Martin to a two-year, $3MM extension, reports ESPN’s Field Yates (via Twitter). The impending free agent will stay in New England through at least 2017. Ben Volin of The Boston Globe tweets that Martin will receive $850K next season and $1MM in 2017.
ESPN’s Mike Reiss writes that the receiver will also get a $600K signing bonus, and he notes several other details of the extension. There are $25K workout bonuses for 2016 and 2017, and there are also $200K per-game roster bonuses. Martin will receive $100K roster bonus on the fifth days of the 2017 league year, $750K in reception incentives, and a $200K escalator that could boost his 2017 salary.
The 25-year-old was traded from the Texans to New England in September, and he ended up appearing in nine games (eight starts) for the Patriots, compiling 24 catches for 269 yards and two touchdowns. Over his four-year career, Martin has 62 receptions for 685 yards and five touchdowns.
As Reiss notes, Julian Edelman, Brandon LaFell and Danny Amendola are all under contract for next season. However, LaFell’s sluggish 2015 season may put him on the chopping block, while Amendola’s $5MM salary could make him a cap casualty.