Michael Hoomanawanui

Extra Points: Freeney, Young, Edelman

Dwight Freeney has agreed to take a pay cut to remain with the Chargers, according to Michael Gehlken of the U-T San Diego. The move clears about $900,000 in cap space for the team and reduces Freeney’s base salary from $2.5MM down to $1.625MM. It also reduces his roster bonus from $500,000 to $375,000.

Other notes from around the league this evening…

AFC Contract Details: Talib, Bills, Conner

Aqib Talib‘s contract with the Broncos features a $5MM signing bonus, a $2MM roster bonus, a $4.5MM guaranteed base salary, and $500K in per-game roster bonuses, says Tom Pelissero of USA Today (via Twitter). Since Talib has a small signing bonus and his 2015 and 2016 salaries are guaranteed for injury only, the Broncos could essentially cut ties with him for no guaranteed money and a minimal ($4MM) cap hit even after the 2014 season, barring a major injury, tweets Pelissero. Jason Fitzgerald of OverTheCap.com has the breakdown in chart form right here.

Here are a few more specific details on deals signed this week:

  • Corey Graham‘s new contract with the Bills can be worth over $19MM, but on the surface, it’s a four-year, $16.3MM deal with $8.1MM guaranteed, says Pelissero (via Twitter). According to Pelissero, the deal includes $700K in annual incentives, plus an extra $100K bonus each season for making the Pro Bowl.
  • The Chargers‘ three-year deal with Kavell Conner is worth $2.7MM, with a $270K signing bonus and an escalator worth up to $500K in 2016, tweets Pelissero.
  • Jim Dray‘s contract with the Browns features a $900K signing bonus, says Pelissero (via Twitter).
  • Pelissero also passes along the details on Chris Williams‘ four-year contract with the Bills. According to the USA Today scribe (via Twitter), it’s worth $13.04MM with $3.025MM in the first year, and is only guaranteed for injury in year two. Pelissero adds in another tweet that there’s a $2.5MM roster bonus due early in 2016 that’s a clear “trigger point” for the deal.
  • The Colts signed safety Sergio Brown on Tuesday, and that one-year deal will be worth $1.4MM, with a $300K signing bonus, says Aaron Wilson of the Baltimore Sun (via Twitter).
  • While Keith Rivers‘ new deal with the Bills was reported as a two-year, $5MM contract with half of that amount guaranteed, it looks like it won’t be worth quite that much. Wilson tweets that it’s worth $4.05MM, with a $1MM signing bonus, base salaries of $1.25MM (2014) and $1.6MM (2015), and annual workout bonuses of $100K.
  • Michael Hoomanawanui‘s two-year contract with the Patriots is worth a total of $2.4MM, with a $360K signing bonus and $1.1MM in total guarantees, tweets Wilson.
  • The two-year, $5MM figure reported for Al Woods earlier today includes incentives, according to Wilson (via Twitter). The defensive lineman’s contract with the Titans features a signing bonus of $1MM, base salaries of $900K (2014) and $2.1MM (2015), and incentives worth up to $500K annually.

Patriots Re-Sign Michael Hoomanawanui

WEDNESDAY, 7:40pm: Ben Volin of the Boston Globe (on Twitter) has the specifics on the contract: it’s $2.4MM over two years with $500K guaranteed, $400K in incentives each year, and a roster bonus of $6K per game. Hooman has cap numbers of $1.401MM and $1.38MM, assuming he hits the playtime incentives

11:47am: The Pats have officially announced the signing of Hoomanawanui.

MONDAY, 10:19am: The Patriots will re-sign tight end Michael Hoomanawanui to a two-year contract, according to Alex Marvez of FOX Sports (Twitter links). Rand Getlin of Yahoo! Sports first reported (via Twitter) that Hoomanawanui, who had been eligible for unrestricted free agency, reached an agreement with the Pats.

Hoomanawanui, 25, has spent the last two seasons in New England after starting his career with the Rams. The former fifth-round pick played more than 700 snaps in 2013, grabbing 12 balls for 136 yards and a touchdown. According to Pro Football Focus’ advanced metrics (subscription required), Hoomanawanui wasn’t an effective run blocker, though he graded as slightly above average as a pass blocker.

Having earned the minimum salary in 2013, Hoomanawanui will likely be in line for another minimum deal this time around, though specific details aren’t yet known.