The New England Patriots aren't spending a whole lot of money to bring Cam Newton to Foxboro.
Reports surfaced Sunday night that the Patriots and the veteran quarterback had agreed to a one-year, incentive-laden contract worth up to $7.5 million.
Download the MyTeams app for the latest Patriots news and analysis
Jason La Canfora of CBS Sports reported Wednesday the financial breakdown of Newton's contract with the Patriots, including the base salary, guaranteed money and incentive totals.
Cam Newton contract: 1 yr $1.05m minimum base. Just $550k guaranteed at signing Up to $6.45m in incentives/per game roster bonuses. And no clause restricting a 2021 franchise tag. Patriots get a former MVP for less than many pay backup OL— Jason La Canfora (@JasonLaCanfora) July 1, 2020
The Patriots didn't have much salary cap space before this move. In fact, they recently had the lowest amount of available cap space in the entire league. So, for them to be able to acquire Newton and not have to spend a ton of money or cap space is pretty extraordinary.
Perhaps the most interesting part of Newton's contract is that the Patriots could franchise-tag the 31-year-old quarterback next offseason. It gives New England more options in the event Newton has a strong 2020 season.
There's not a ton of risk with this move, and it could end up being one of the best roster additions of Bill Belichick's 20-year tenure in New England if Newton is able to stay healthy.
Newton is a former league MVP (2015) and has been one of the most exciting quarterbacks to watch throughout his nine-year career. The last time he played close to a full season was 2018, when the former No. 1 overall draft pick threw for 3,395 yards with 24 touchdown passes and 13 interceptions. Newton also ran for 488 yards and scored four rushing touchdowns in those 14 games.
If he produces similar or better statistics in 2020, the Patriots should have a strong chance to extend their playoff appearance streak to 12 seasons.