Rob Gronkowski Hits Pay Day With 6-Year Extension From Patriots

Rob Gronkowski is a rich man. The Patriots gave him a six-year contract extension that includes $54 million in new money.

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Rob Gronkowski Contract: Team Option May Mean Patriots Got A Steal

Rob Gronkowski is now technically under contract with the New England Patriots through the 2019 season. If that seems like a long time, it is. But the devil in the deal is in the details, and may make Gronkowski's deal one of the most team-friendly contracts in the NFL.

The Boston Globe reports that Gronkowski's deal has a maximum value of $55.1 million over its eight years, and the Globe's Greg Bedard tweets that the deal is essentially structured as two four-year deals: Gronkowski is under contract until 2016, when the Patriots have a team option to keep the tight end until 2019 or let him go.

Should Gronkowski keep performing at the level he reached in 2011 into the post-Tom Brady era in New England, that could mean this deal keeps one of the NFL's best receiving threats in a Patriots uniform at a relatively reasonable cost for a long time.

If the Patriots choose to cut ties with Gronk by declining that 2016 team option, however, they cannot franchise him, according to NFL Network's Albert Breer, meaning that Gronkowski will either hit free agency at 27 or have an NFL paycheck until he is 31.

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Rob Gronkowski's Contract Details From Patriots

The details of Rob Gronkowski's contract extension with the New England Patriots is starting to come out. It's a six-year extension on top of the two years remaining on his previous deal. There is reportedly $54 million in new money in the extension, putting the total just under $56 million over eight years, which is an average of just under $7 million per year.

According to Jason La Canfora of CBSSports.com, the initial new money will come in the form of a $8 million signing bonus. His 2012 and 2013 base salaries remain the same, which are $490,000 and $575,000. The deal includes new base salaries for 2014 and 2015 as well as an option in 2015 that extends the deal through 2019.

Got all that? The keys to remember are that he gets an $8 million signing bonus and there is an option in 2015 that springs the rest of the deal.

Gronkowski just turned 23 years old. He could be a Patriot for a long time.

For more on the Patriots, visit Pats Pulpit and SB Nation Boston.

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Rob Gronkowski, Patriots Agree To 6-Year Contract Extension, According To Report

The New England Patriots wrapped up their future in a big way on Friday. Reports surfaced that tight end Rob Gronkowski and the Patriots were working on a contract extension; according to Mike Florio of Pro Football Talk, the deal is done. Gronkowski got a six-year extension with $54 million in new money.

Gronkowski had two years remaining on his current deal with base salaries of $490,000 in 2012 and $575,000 in 2013. Assuming the report is accurate, a six-year extension would put him under contract in New England for the next eight seasons.

This is a win-win for Gronkowski and the Patriots. His new contract pays him in the neighborhood of $7 million per year which is in line with what the top tight ends are making. For Gronkowski, it's a lot more money on top of his previous contract. For the Patriots, they lock up one of the best tight ends in the game for years to come.

For more on the Patriots, visit Pats Pulpit and SB Nation Boston.

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Rob Gronkowski, Patriots Talking Contract Extension, According To Reports

Rob Gronkowski and the Patriots are negotiating a new contract, according to multiple reports.

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