New England is freeing up some cap space. The Patriots are restructuring the contract of cornerback Stephon Gilmore, a source told Field Yates of ESPN.com (Twitter link).
According to Yates, the Patriots converted $8.5MM of the salary left on Gilmore’s contract into a signing bonus. The move will free up $5.67MM in cap space this year, giving the Pats some extra flexibility in free agency while giving Gilmore more money up front. Gilmore has one of the largest contracts on the team, and this isn’t the first time they’ve re-worked his deal.
The Patriots restructured his contract in October of last year to free up some immediate cap space. Gilmore has three seasons left on the five-year, $65 million pact he signed back in March of 2017. Gilmore’s Patriots tenure got off to a rocky start, but he’s since adapted quite well and has become one of the best players on the team.
He’s come up huge in the playoffs, having the game-sealing pass deflection in the AFC Championship Game two seasons ago as well as the crucial fourth quarter interception of Jared Goff in the most recent Super Bowl.
Gostkowski money
Nope
ok
Trade coming….WR?
Makes you wonder considering their roster
Pats don’t need cap space. They haven’t signed anybody or done anything. Curious if something new is coming. Brady extension?
adding flowers w/have been nice
Westcoastryan/Redrooster is now Padresfanaticfan ! Be sure to say Hi to Ryan!