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Closer look at LaAdrian Waddle's two-year contract with Patriots

FOXBOROUGH, Mass. -- Taking a closer look at the two-year contract that offensive lineman LaAdrian Waddle signed with the New England Patriots:

Signing bonus: $250,000

Maximum value: $3.8 million

2016

Base salary: $700,000

Roster bonus: $200,000 ($12,500 per game on the 46-man roster)

Workout bonus: $25,000

Incentives (playing time/not likely to be earned): $700,000

2017

Base salary: $800,000

Roster bonus-1: $200,000 ($12,500 per game on the 46-man roster)

Roster bonus-2: $150,000 (due on fifth day of 2017 league year)

Workout bonus: $25,000

Incentives (playing time/NLTBE): $700,000

Analysis: Waddle adds depth at offensive tackle and this deal reflects his place on the roster as a player who will be vying for a backup spot. As a restricted free agent, Waddle could have received a tender offer for $1.6 million, but it seems the team was reluctant to do that, which led the sides to look at alternative possibilities. What they came up with was this two-year deal that will guarantee Waddle $250,000 and give him a chance to earn more than the $1.6 million in 2016 should he reach all incentives ($1.875 million). In exchange for that financial upside, Waddle gives up a year of unrestricted free agency in 2017, where a key marker in the contract is the fifth day of the league year, when the team must decide on picking up a $150,000 roster bonus.