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PHILADELPHIA, PENNSYLVANIA - NOVEMBER 17: Lawrence Guy #93 of the New England Patriots reacts after recovering a fumble during the first half against the Philadelphia Eagles at Lincoln Financial Field on November 17, 2019 in Philadelphia, Pennsylvania. (Photo by Elsa/Getty Images)

The Patriots have spent nearly $175 million in guaranteed money during an unprecedented free-agent spending spree. But they didn’t dole out much in terms of long-term deals. The new four-year contract for veteran defensive tackle Lawrence Guy, however, is one of them.

But Guy should continue to be a bargain for the Patriots’ books over the course of his new deal, which includes only $4.075 million in guaranteed money. Via Mike Reiss of ESPN, the full details of the contract are in.

Signing bonus: $1 million
2021: $1.075 million salary, up to $425,000 in per-game roster bonuses (based on 17-game season)
2022-2024: $2 million salary, up to $1 million in per-game roster bonuses
Incentives: $2 million in 2021, $3.5 million in 2022-24
Maximum value: $24 million

Based on these figures, Guy should have a cap hit of just $1.675 million in 2021. This is based on a $1.075 million salary, $250,000 signing bonus proration, and $350,000 in “likely to be earned” roster bonuses (based on 14 games played in 2020).

It’s worth noting that his $2 million salary in 2022 is guaranteed, including half of it guaranteed for being on the roster on the third day of the 2022 league year. That date is not official, but we’re projecting it to be Friday, March 18, 2022.

Guy rejoins the Patriots on a revamped defensive line that includes free-agent additions Davon Godchaux, Henry Anderson, and Montravius Adams. They also re-signed Deatrich Wise Jr. and Carl Davis, and still have Byron Cowart, Akeem Spence, Nick Thurman, and 2020 undrafted free agent Bill Murray on the roster.

The Patriots still have some work to do this offseason, perhaps even in free agency. Keep scrolling to read about the big-ticket items remaining on Bill Belichick’s plate between now and the start of the 2021 season.

MORE: Patriots Still Sniffing Out QB Trade?

Matt Dolloff is a writer and podcaster for 985TheSportsHub.com. Any opinions expressed do not necessarily reflect those of 98.5 The Sports Hub, Beasley Media Group, or any subsidiaries. Have a news tip, question, or comment for Matt? Yell at him on Twitter @mattdolloff and follow him on Instagram @mattydsays. You can also email him at mdolloff@985thesportshub.com.