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Marcus Cannon's five-year extension includes $7 million signing bonus

FOXBOROUGH, Mass. -- New England Patriots offensive tackle Marcus Cannon drew a large media crowd in the locker room Wednesday, with reporters asking him about the five-year extension he signed with the club.

"I'm very thankful for the opportunity that they've given me," Cannon said. "I'm very blessed."

Earlier in the day, Patriots coach Bill Belichick said, "Marcus is having a good season. He's been a good player for us. He's had to fill in when Sebastian [Vollmer] and Nate [Solder] [missed time] in previous years. We've felt like we have three good tackles and usually two of the three of them ended up playing, however it went.

"It's varied from year to year over the last few years, but Marcus has always done a solid job for us whenever he's played. I'm glad we have him going forward. He works hard. A quiet kid but he's very dependable, team oriented."

Here is a breakdown of Cannon's extension:

Term: Five years

Full guarantee: $12.35 million

Signing bonus: $7 million

2017

Base salary: $1.35 million (full guarantee)

Roster bonus: $500,000 (paid on a per-game basis)

Weight bonus: $100,000 (three installments)

Workout bonus: $50,000

2018

Base salary: $4 million (full guarantee)

Roster bonus: $500,000 (paid on a per-game basis)

Weight bonus: $100,000 (three installments)

Workout bonus: $50,000

2019

Base salary: $5.5 million ($2.15 million guaranteed for injury, becomes fully guaranteed on third day of league year)

Roster bonus: $500,000 (paid on a per-game basis)

Weight bonus: $100,000 (three installments)

Workout bonus: $50,000

2020

Base salary: $5.7 million

Roster bonus: $500,000 (paid on a per-game basis)

Weight bonus: $100,000 (3 installments)

Workout bonus: $50,000

2021

Base salary: $5.7 million

Roster bonus: $500,000 (paid on a per-game basis)

Weight bonus: $100,000 (3 installments)

Workout bonus: $50,000

Cannon's comeback story was highlighted Tuesday, and this deal reflects how highly he's viewed by the team. While it's a five-year extension, one notable aspect is that the guaranteed money only runs through the first three years, so one could also view it as a three-year pact from a team perspective. Cannon will turn 32 in May of 2020 and if he's still playing at a starting-caliber level, he has a good chance to earn the money in the final two years of the deal as well. As for the weight clause each season, here is how the installments are scheduled: $30,000 on the first day of the offseason program, $35,000 on June 1, and $35,000 on July 15.