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Patriots Would Take $3.7M Cap Hit If They Cut Chad Ochocinco

New England would take a $3.17 million salary cap hit upon releasing WR Chad Ochocinco, per Greg Bedard.

This is most likely why they have approached him about restructuring his current contract. It’s possible that they could prorate his salary in a bonus that pays him over the next two years but that’s just specualtion.

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Liz Mullen of the Sports Business Journal reports that the New England Patriots have “approached Chad Ochocinco about restructuring his contract.

Many believed that Ochocinco was a candidate to be released and that’s still a strong possibility even if his contract is restructured. Earlier in the week,  the Boston Globe mentioned that the team may do exactly that.

There’s a good chance that he’ll be a free agent in the coming weeks and at this point in time, it’s hard to assume that he’ll draw much of any interest on the open market.

  • stumpers51

    That’s ALWAYS a common belief, the one that Ocho will get cut.  But there’s a few facts that make it hard to accept.  1st fact is the one that came from you, stating that the Pats would take a 3.7 mil hit IF they cut him.  That’s a LARGE hit when it comes to New England (and yes, I worship at the altar of Bill), PLUS they’re gonna have to decide IF they want to resign Deion Branch, I DON’T BELIEVE that it’s a FORGONE conclusion that Welker gets resigned (ANY OTHER TEAM AND ANY OTHER HEAD COACH, YES), but Bellichick LOVED Seymour and let him go for a draft pick without ANY NOTICE, and IF New England loses Welker what’s the chances they get an extra 3rd or 4th (at the worse) round compensatory pick (and tell me Bill hasn’t already been thinking that). 

    Here’s another 3 quick fun facts that supports WHY Ocho’s going to be staying in New England; #1. He and Bill are VERY close, PERSONAL friends, and almost NO ONE KNOWS THAT.  It  was either on their series of Hard Knocks or just during the preseason while Chad was miked up and he ran over and hugged Bill and then as he was walking away he explained how their friendship started 7 years ago and has grown ever since; #2. How many times was it said “Ocho doesn’t know this” or “Ocho doesn’t know that” and that no matter what he will DEFINITELY NOT make the Super Bowl Roster?? Oops, guess he knew something we didn’t know because he not only made the roster, he played and had his best game of the season while doing it; and finally, #3. Now don’t quote me on this just yet because there’s A LOT of stuff that can happen between now and then, BUT Ocho Cinco is going to be changing his name back to chad Johnson, and that’s JUST the kind of stuff that Bill likes to have around his locker room to keep the press from searching for a real story.  Apparently, I think he’s got a fiancee or something and she wants him to change his name back to Johnson before she’ll marry him (just like a woman, always trying to change a man).  Well, Reebok has a deal with the NFL that if any player changes their Jersey then they are responsible for the cost of ALL the Jerseys that have already been printed UP TO THAT DATE…Nike doesn’t, and it sounds more and more like the NFL wants to be like Mike, so Chad’s waiting a little bit longer before he changes, but like I said, that’s the kind of stuff Bill LOVES.

    The only way he gets cut is IF as a friend Bellichick asks him to resructure the contract and TELLS him he’s going to get cut, but gives him something on the back end or something.

    • me

      Worst argument ever.

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