Last updated on May 21, 2015 5:25 PM EDT
|Offseason Workout Bonus||LTBE||Roster Bonus||Total Cap Figure||Cash Received||Remaining Guaranteed Money||Cap Hit if Cut before 6/2||Cap Hit if Cut After 6/1||Comments|
|2015||$25,000||$25,000||$25,000||$25,000||$25,000||$25,000||Spikes can earn another $700,000 in playing-time incentives|
On May 18th the New England Patriots signed Brandon Spikes to an one-year contract.
On May 21st ESPNBoston.Com's Mike Reiss reported that "hhe following is a breakdown of the contract signed by linebacker Brandon Spikes with the New England Patriots:
Term: One year
Base salary: $800,000
Split salary: $413,000 (in event of injury)
Signing bonus: $25,000
Workout bonus: $50,000
Playing time incentive (likely to be earned/counts vs. cap): $200,000
Playing time incentive (not likely to be earned/doesn't count vs. cap): $700,000
Roster bonus-1: $25,000 (if on roster by first game)
Roster bonus-2: $200,000 ($12,500 per game if on 46-man game-day roster)
Cap charge: $1.3 million
There are different ways to look at this contract. One way is to say it's a one-year deal with a maximum value of $2 million. Another way is to say it's a one-year deal with only a $25,000 pure guarantee, so the team could move on quickly with limited financial impact if it so desired.
June 8, 2015 update The Patriots released Spikes.
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