Patriots agree to contract extension with punter Jake Bailey
The Patriots began the week with their second contract extension of training camp. As first reported by ESPN’s Adam Schefter, the team has agreed to a four-year, $13.5 million extension with punter Jake Bailey. The contract includes $6.5 million in guaranteed money.
Bailey has been one of the best punters in football since being drafted by the Patriots in the fifth round in 2019. He was named an All-Pro and Pro Bowler following the 2020 season.
Prior to this extension, Bailey was set to play under the final year of his rookie contract. Due to an escalator he picked up following his All-Pro selection, he was due to make $4.1 million this season, which would have made him the second-highest paid punter in football. $3.9 million of that $4.1 million was off the cap, so this new deal should open more cap flexibility, while still making Bailey the third-highest paid punter in the league.
This is the second contract extension the Patriots have given out during training camp. Defensive tackle Davon Godchaux got a two-year, $20.8 million extension last week.