With the guaranteed money voided, Hernandez's cap hit will be $2.55 million in 2013 and $7.5 million in 2014. He is still due a $3.25 million signing bonus, though the Patriots are expected to challenge that payment as well. The Patriots released the tight end just hours after his arrest.
When asked the reason the team nullified a guaranteed portion of the contract, a Patriots executive told Volin that the contract "was guaranteed for skill and injury. It wasn't guaranteed for personal conduct that cast the club in a negative light."
Hernandez is currently being held without bail in a Massachusetts jail after being arrested and charged with the first-degree murder of Odin Lloyd, along with several gun-related charges. The former Patriot is also being investigated in a 2012 double-murder.