Patriots give Hernandez $16 million in guarantees

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The New England Patriots have now rewarded both halves of their tight-end holy-s-h-dash-t combination, signing Rob Gronkowski and Aaron Hernandez to ultra-long-term deals.

Each got their new contracts after only two NFL seasons, as members of the last draft class (at least through the early years of the next decade) to renegotiate a rookie contract with less than three years in the league.

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Greg Bedard of the Boston Globe reported this morning that Hernandez will receive $16 million guaranteed, which includes a $12.5 million signing bonus.

He’ll average $7.5 million per year under the extension, which pays out $37.5 million in new money. Hernandez was due to earn a paltry (in comparison) $540,000 and $570,000 in salary over the next two seasons.  Read More…

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