Report: Rex Burkhead agrees to restructured contract with Patriots
The New England Patriots don’t have much cap space to work with this offseason, but they’ve created a bit more wiggle room. According to ESPN’s Field Yates, Rex Burkhead has agreed to a restructured contract with the Patriots.
Source: the Patriots and RB Rex Burkhead have agreed to a reworked final year of his contract. Burkhead gets $550K to sign and drops his base salary from $2.5M to $1.05M, with $400K available in roster bonuses (down from $500K). The move creates $981,250 in cap space.
— Field Yates (@FieldYates) July 7, 2020
In the upcoming season, Burkhead is entering the final year of his current contract with the Patriots. Back in 2018, Burkhead signed a three-year, $9.75 million deal with New England, keeping him with the team through the 2020 season.
However, before his recent restructured contract, Burkhead was slated to earn $2.5 million in base salary in 2020. But after reworking the deal, the veteran running back is now going to receive $1.05 million in base salary next season.
Instead of being attributed to his salary, the Patriots gave Burkhead a $550,000 signing bonus. As a result of the move, New England creates nearly $1 million in cap space moving forward.
Since joining the Patriots in 2017, Burkhead has been used as a depth option in the backfield. Altogether, the former member of the Cincinnati Bengals has combined for 1,416 scrimmage yards and 12 touchdowns in the last three seasons.
With that being said, New England boasts a loaded backfield that features Sony Michel, James White, and Damien Harris. Michel is dealing with a foot ailment this offseason and it remains to be seen if he’s ready before Week 1. Also, Seeing that the Patriots want to incorporate Harris more in the offense in 2020, Burkhead could see a reduced role with the team.
Not to mention, the arrival of Cam Newton could limit the number of carries that New England’s running backs receive next season. With Burkhead shaping up to see fewer opportunities, the Patriots want to give him a contract that reflects that.