The New England Patriots have signed punter Jake Bailey to a new deal, according to ESPN’s Adam Schefter. Bailey, who was set to wrap up his rookie contract after the 2022 NFL season, is now staying four more years in Foxborough.
Reportedly, Bailey’s contract is worth $13.5 million and comes with $6.5 million guarantees. The 25-year-old player will receive a $3.375 million annual salary while the final year of his rookie contract now gets erased.
The deal suited the Pats well as it opened a significant salary space on their books. Bailey was set to have a cap hit close to $5 million this season, but the new deal reduced it to around $1.85 million. The Stanford product, on the other hand, gets long-term security and receives a reward for his good games in previous seasons.
New England selected Jake Bailey in the fifth round of the 2019 NFL Draft. He immediately got the starting gig in his rookie year, and his status hasn’t come into question since. Bailey’s best year as a pro came in 2020 when he made Pro Bowl and First-Team All-Pro. He punted 8,632 yards total and has 46.7 yards on average since coming to NFL while adding 14,263 yards on the kickoff with 122 touchbacks.