The biggest takeaway: The Patriots, already in good salary-cap space, create an additional $4.75 million in space.
Some more details:
Amendola receives $100,000 in the form of a signing bonus.
His base salary of $1.25 million in fully guaranteed.
He has a $50,000 workout bonus.
A total of $300,000 in per-game roster bonuses can be earned ($18,750 per game).
His maximum compensation in 2017 is $1.7 million.
His new cap number is $3.041 million, down from the $7.791 million it would have been in his original contract.
This is the third straight year that Amendola has taken a pay reduction. When it happened two years ago, he had explained his thinking this way: "Was that a decision I would have made five years ago? I don't know. I can't say that it would be. ... I'm my own business, and I'm competing with everyone else on the team and competing with the organization for me to get paid. At the same time, I'm a good teammate. I want to be there for my teammates. I want to be part of something great. ...
"When it came down to it, it was also about playing good football. I've been on a 1-15 team. I've been on teams that never made it to the playoffs. It wasn't fun playing meaningless football. When you're playing meaningful football at the end of the season, and every play and every route that you run counts, every ball you catch counts, and it's either win or go home, what I found in the sense of coming here is that's the most rewarding thing.
"I understand it's a business. Money wasn't really something I was counting in that situation. ... I feel like I want to be part of something good. I want to play good football, and my family is here. Those were really the three things that helped me with the decision."
Those comments likely still apply to Amendola's current thinking.