In a report first announced by ESPN’s Field Yates on Tuesday, New England Patriots running back Rex Burkhead had the final year of his three-year contract restructured to stay in Foxboro.
According to Yates, Burkhead will get $550,000 to sign the new deal, but his base salary will drop from $2.5 million to $1.05 million in 2020.
In March 2017, Burkhead agreed to a one-year contract with the Patriots worth up to $3.15 million. A year later, he signed a three-year contract extension.
Needing more cap space flexibility, Burkhead accepting a pay cut saves the Patriots nearly $1 million (approx $981,250)
Before today’s restructure Rex Burkhead had the 14th highest cap number on the Patriots.