Burkhead lowered his base salary from $2.5 million to $1.05 million in exchange for a $550,000 signing bonus, per Yates.
Burkhead also can make up to $400,000 in per-game active roster bonuses.
New England had just around a quarter-million in available cap space before this move according to some reports, so this move creates a little bit of breathing room heading into 2020.
Burkhead, 30, is a former sixth-round pick of the Bengals back in 2013. He played out his four-year, $2,262,200 contract with the Bengals and signed on with the Patriots to a one-year deal in 2017.
The Patriots brought Burkhead back on a three-year, $9.75 million contract in 2018. He’s entering the final year of that deal in 2020.
In 2019, Burkhead appeared in 13 games for the Patriots and rushed for 302 yards on 65 carries (4.6 YPC) with three touchdowns to go along with 27 receptions for 279 yards receiving and no touchdowns.