Last updated on February 28, 2014 1:30 PM EDT
|How to Read This Table|
|When I don't know the date when a roster bonus is due I presume it to have been due on March 12, 2013. I presume that the Patriots will pick up the player's 2013 option bonus so I include the option bonus proration in the total cap amount but until March 12 I do not include the option bonus in the Remaining Signing Bonus amount.|
|Salary Cap Information - Steve Gregory|
|Workout Bonus||Total Cap Figure||Cash Received||Remaining Guaranteed Money
Cap Hit if Cut
|Cap Savings if Cut or Traded||Comments|
|2012||$750,000||$833,833||$100,000||$1,683,333||$3,350,000||$2,500,000||750,000 playing-time incentives. $375,000 is reached by playing in at least seventy percent of the defensive snaps. Gregory played in 67% of the defensive snaps in 2012.|
|2013||$1,250,000||$833,833||$100,000||$2,183,333||$1,350,000||$1,666,667||750,000 playing-time incentives. $375,000 is reached by playing in at least seventy percent of the defensive snaps. Gregory played in 72%.|
|2014||$833,334||$833,334||Steve Gregory was released by the Patriots on February 28th.|
Steve Gregory - The Boston Herald blogged on March 20, 2012 that "Safety Steve Gregory, who signed a three-year deal after beginning his career with the Chargers, received a signing bonus of $2.5 million. He has base salaries of $750K in 2011, $1.25M base for 2013, and $2.25M base for 2013. That is a total of $6.75M. In addition, he has $100K workout bonuses each year, along with playing time incentives of $750K per year. In all, it could be $9.3M."
January 19, 2014 update On January 19, 2014 ESPNBoston.Com's Mike Reiss blogged that "Had the Patriots’ initial intentions at the safety position been realized, veteran safety Steve Gregory probably wouldn’t have earned an addition $375,000 this season, on top of his base salary of $1.25 million. Gregory earned the $375,000 for eclipsing the 70 percent mark for snaps played (72.7), as he was the team’s most consistent starter next to Devin McCourty. When the Patriots had signed veteran safety Adrian Wilson in March, it looked like Gregory might be part of more of a three-man rotation. But Wilson never panned out and Gregory’s value to the team (his smarts have been lauded all season) grew larger." so it appears that Gregory reached half of those $750,000 incentives making them LTBE for the 2014 season.
February 10, 2014 update On February 10, 2014 ESPNBoston.Com's Field Yates blogged that Steve Gregory's 2014 cap number was $3,683,334 which mostly means that Gregory earned $500,000 in incentives in 2013 making them LTBE for 2014.
February 28, 2014 update On February 28, 2014 Steve Gregory was released by the Patriots. His dead money hit will be $833,834. The Patriots are no longer on the hook for his $2,250,000 salary, $100,000 offseason workout bonus money, and the $500,000 in LTBE incentives.
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