Patriots extend Aaron Hernandez

by Paul Raymond | Posted on Monday, August 27th, 2012

The New England Patriots haven’t wasted any time this summer in locking up their two star tight ends Rob Gronkowski and Aaron Hernandez. Gronk got his deal in June and today Aaron got his. The 22 year old Hernandez has signed a five year contract extension worth $40 million. A deal that includes a $12.5 million signing bonus and $16.4 million worth of guarantees.

Tight end Aaron Hernandez and the Patriots have finalized a five-year, $40 million contract extension, according to a source. The deal runs through 2018.

Hernandez received a $12.5 million signing bonus and $16.4 million guaranteed.

He had been under contract through 2013, and the new deal begins after that. (Boston Herald)

This deal is essentially a seven year deal since it includes the last two years of his rookie deal. The deal will make the 22 soon to be 23 year old a Patriot for a very long time. What’s surprising is how affordable this deal is for the team.

If you break it down annually the deal will be about $5.87 million annually, which is VERY reasonable when you consider the production he brings and that he hasn’t even reached his full potential yet. Hernandez caught 79 balls for 910 yards and seven touchdowns and it’s safe to say those numbers will only get better.

I’m actually surprised Hernandez would want to do a deal so early. He brings so much versatility to the offense and like I said earlier still has so much time to develop. You would think he’d get a much better offer from the Patriots or another team in two years once that rookie contract expires.

I’m guessing Aaron knows how football can be and that his career can be over on just one play. So he’s sacrificed bigger potential dollars for some financial security.

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