Breaking down LaAdrian Waddle’s extension with the New England Patriots
On March 9, 2016 ESPN.Com’s Mike Reiss provided some details on LaAdrian Waddle’s extension. His deal includes a $250,000 signing bonus. His base salary will be $700,000 in 2016 and $800,000 in 2017. Mike Reiss also reported that Waddle can earn in 2016 and in 2017 up to $200,000 ($12,500 per game) in 46-man active roster bonuses. Reiss also reported that Waddle can earn up to $900,000 in 2016 and in 2017 in playing-time incentives. I also like to thank Dave Birkett for his tweets about the Waddle’s deal.
Let’s take a look at the salary cap consequences of these details
The $2.35 million in new money consists of:
$250,000 signing bonus
$700,000 salary in 2016
$200,000 in 46-man active roster bonuses for the 2016 season
$700,000 in playing-time incentive for the 2016 season
$800,000 salary in 2017
$200,000 in 46-man active roster bonuses for the 2017 season
$150,000 roster bonus due the 5th day of the 2017 League Year
$700,000 in playing-time incentive for the 2017 season
* A signing bonus is prorated equally over the life of the contract, up to five years. That is, if Waddle’s extension was through the 2021 season covering six seasons any signing bonus would be prorated through the 2020 season (five seasons)
* LaAdrian Waddle’s $12,500 46-man active roster bonus will be considered likely to be earned (LTBE) in 2016 for the 11 games he was on the 46-man active roster in 2015. According to the gamebooks Waddle was active for 9 games while with the Lions. He was active for 2 games for the Patriots. $12,500 times 11 = $137,500. In 2017 his 46-man active roster bonus will be reevaluated based on how many games he plays in 2016.
* The amount of his 2017 playing-time incentive that will be part of his 2017 cap number is determined by how much Waddle played in 2016. I am still trying to learn the tiers in Waddle’s playing-time incentiveed based on how many snaps he plays in 2016.
* A player’s salary cap number is the total of
his salary
signing bonus proration, if any
any LTBE incentives
LaAdrian Waddle’s deal
In 2017 the Patriots can release Waddle before his $150,000 roster bonus is due with a very small dead money hit of $125,000. If they do so, they will create $1,175,000 in cap space. As you can see in the above graphic, the maximum cap number Waddle can have in 2017 is two million.
LaAdrian Waddle is one of 64 Patriots signed for the 2016 season and one of 28 Patriots signed for the 2017 season.
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Posted Under: Free Agency
Tags: waddle
