Earlier this summer, an excerpt from Rob Gronkowski‘s autobiography revealed that the Patriots tight end claims he hasn’t spent a dime of his NFL salary, living off of endorsement money instead. As of July 30, Gronkowski has a little more NFL money to save up — according to Field Yates of ESPN.com, the Pats reworked their star tight end’s contract, converting $4MM of his $10MM end-of-year option bonus to a signing bonus. The option, which is due before the end of the league year, is now worth $6MM, and New England appears more likely than ever to exercise it.
Jason Fitzgerald of Over the Cap breaks down the unusual cap ramifications of the move, suggesting that the restructure should increase Gronkowski’s 2015 cap hit by $2MM before reducing his 2016 charge by $2MM. After that, the cap numbers for the rest of Gronkowski’s contract should remain the same.
Here’s more from around the AFC East:
- NFLPA executive George Atallah confirmed today (via Twitter) that Tom Brady and union reps will attend a conference in New York on August 12 to meet with the NFL and U.S. District Judge Richard M. Berman. Roger Goodell will also attend the hearing in person, tweets Ed Werder of ESPN.com. Meanwhile, Ben Volin of the Boston Globe notes (via Twitter) that NFLPA and NFL attorneys had a telephone conference yesterday with Mag. Judge James C. Francis regarding the Patriots quarterback’s case.
- Appearing on the Jose Rose Show on 560 WQAM in Miami, Dolphins VP of football operations Mike Tannenbaum didn’t rule out pursuing free agent guard Evan Mathis, as Andrew Abramson of the Palm Beach Post details. The Dolphins’ interest in Mathis has been downplayed recently, but I imagine they’d be very interested if one of their current guards struggles or suffers an injury.
- Having brought in Rex Ryan, LeSean McCoy, Percy Harvin, and Richie Incognito over the offseason, the Bills made plenty of newsworthy moves. However, no player received more guaranteed money from the team this year than tight end Charles Clay. Tyler Dunne of The Buffalo News examines how Clay is fitting in so far in Buffalo.
For all of the jokes directed at Gronk, how smart is this guy? He has been living way below his means but still living quite well with millions in the bank.