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Report: Patriots RB LeGarrette Blount takes $1 million pay cut

By John Breech | CBSSports.com

LeGarrette Blount's paychecks are going to be a slightly smaller than he thought they would. (USATSI)

The April 27 trade that sent LeGarrette Blount from Tampa Bay to New England for running back Jeff Demps just got better for the Patriots. Blount has agreed to take a $1.07 million pay cut, according to Yahoo! sports.

Blount signed a one-year, $1.75 million extension with the Buccaneers in March, however, he won't be making near that much in New England. Blount's restructured contract knocks his $1.75 million hit on the Patriots' salary cap down to $680,000.

In the original contract, Blount was scheduled to get paid a $150,000 workout bonus and a $350,000 bonus for showing up to training camp. The workout bonus has been reduced to $50,000 and the $350,000 bonus has been eliminated all together.

On top of that, Blount's $1.25 million base salary has been reduced to the four-year veteran minimum of $630,000. None of Blount's money is guaranteed.

"We felt like we got good value for Blount," Patriots coach Bill Belichick said on Sirius XM's 'Movin the Chains' show via ESPN Boston. "We felt like he was a talented guy that we wanted to have on our team."

Blount had played for the Bucs since signing with Tampa as an undrafted free agent out of Oregon in 2010. Blount went over 700 yards in each of this first two seasons, but was saw limited action last season aftter the emergence of Doug Martin.

Keep your eye on everything NFL by following John Breech on Twitter @JohnBreech.

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