The Patriots tore up the star punter’s old contract and replaced him with a new one that frees up millions in cap space.

Jake Bailey has been one of the NFL’s best punters over the past three seasons, and now, he’ll be paid the same.

According to on ESPN.comBailey and the Patriots have agreed to terms on a new four-year contract. The two sides agreed to terminate his old rookie contract, which was set to expire after the 2022 season.

“Whenever there’s uncertainty, you know, it’s in the back of your head, but at our position, you’ve just got to be able to make distributions and go out on the field and execute. “Bailey told the media on Monday. “If you’re not able to deal with what’s bothering you, you’re not going to play very long.”

The new deal, which runs through 2025, is worth up to $13.5 million and includes $6.5 million in guarantees. While this amount of money may not seem like a lot, it is an incredibly high amount for a punter to pay. The contract’s total makes him the second-highest paid punter in the NFL, behind only Seattle’s Michael Dixon, who signed a four-year, $14.7 million deal. Seahawks in June 2021. Bailey’s average annual salary of $3.375 million per year and total guaranteed money of $6.5 million also rank second in the NFL behind Dixon.

The Patriots raised some eyebrows in 2019 when they decided to use the 163rd overall pick on Bailey, but three years later, he’s now making them a genius. After a solid rookie year in 2019, Bailey followed that up with an All-Pro season in 2020.

Part of the reason Bailey got such a big raise is because he was picky. Benefit from the NFL’s proven performance incentives. These contract escalators are designed to help non-first round picks earn more money during the final year of their rookie contract.

Under the original terms of his rookie contract, Bailey was to make just $965,000 in 2022, but after making the Pro Bowl in 2020, he triggered the proven performance escalator, which will increase his salary by $3 for the final year. , was enough to increase to 986 million. Of his fraudulent contract.

Had the Patriots not given him a new contract this week, they would have counted $4.05 million against the salary cap in 2022. Thanks to the new deal, though, only $1.85 million will count against the bailey cap. on ESPN.comWhich means the team will pick up about $2.2 million in cap space.

Bailey and the Patriots just finished their first day in full pads at training camp and if you want to know how things went, Be sure to click here to see our full notebook from Foxborough.