When The Checks Still Come In But They’re MUCH Smaller: Chad Ochocinco’s New England Patriots’ Contract Cut From $3 Milli to $1 Milli

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Categories: Ballers, Get Your Life Together, News, SMH, Sports, When The Checks Stop Coming In

Chad Ochocinco has his new contract restructed from $3 million to $1 million

In case you were wondering NFL stands for “Not Financially Liable”

The New England Patriots Restructure Chad Ochocinco’s Contract

When the Bengals traded Chad Ochocinco to the Patriots, the receiver was set to make $6 million for the 2011 season. With New England, though, he restructured his deal to make it a three-year, $11.5 million deal (he did, however,end up making that original amount thanks to bonuses).

And he seemed fine with taking a smaller base salary for the chance to play for the Patriots.

Now, after a less than stellar season in which he caught 15 passes with only one touchdown — and disappeared for long stretches of the season — Ochocinco again has restructured his deal. And again, he seems fine with making less money.

According to the Boston Herald, Ochocinco will make $1 million for the 2012 season instead of the $3 million he was scheduled to earn, and for a guy who had a good chance to be cut following the Super Bowl (or even before), Ochocinco supposedly is motivated to become a top-notch receiver instead of what he appeared to be last season — a 33-year-old who had nothing left.

“Chad has unfinished business,” his agent Drew Rosenhaus told the paper. “He has unfinished business with the Patriots. They were very generous to him last year, and he’s interested in giving the team his best. He feels with a(n) offseason, with a great offseason, the lockout hurt him, it’s a tough system, he’ll learn the system, he’ll get accustomed to it, and I think he’ll do a lot better. So, he’s excited. He’s ready to make an impact.”

Ochocinco made virtually no impact last season in New England, and he was benched for part of the playoffs. Whether it was because Ochocinco couldn’t handle the intricacies of the Patriots offense or whether it was a chemistry issue with Tom Brady or whether it was an issue with Ochocinco’s physical skills (and how much they might have declined from 2010 to 2011), Ochocinco simply couldn’t make himself relevant in New England.

Says Chad’s agent Drew Rosenhaus about his performance:

“With the lockout, he missed all of the offseason program,” Rosenhaus said. “We represent a lot of guys who have played in that offseason over the years … and it’s a very tricky offensive system to learn. And it’s very precise. Now, Chad has all offseason, he’ll be in the workouts, so we’re excited about it.”

Get it together Chad, you have a very expensive wedding to pay for soon!

Image via AP

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