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Collins, Ryan & Beauharnais contracts

5/20/2013

A closer look at the contracts signed by Patriots draft picks Jamie Collins (second round, 52nd overall), Logan Ryan (third round, 83rd overall), and Steve Beauharnais (seventh round, 235th overall), and where they fit from an economic standpoint:

JAMIE COLLINS

Terms: 4 years, $3.758 million

Signing bonus: $1.115 million

Base salaries:

2013: $405,000

2014: $575,000 (guaranteed)

2015: $746,000

2016: $917,000

Salary cap charges:

2013: $683,700

2014: $853,700

2015: $1.02 million

2016: $1.19 million

QUICK-HIT THOUGHTS: No surprises and a reminder that teams which draft and develop usually get the best bang for the buck. This deal is kind to the salary cap, as are all second-rounders.

LOGAN RYAN

Terms: 4 years, $2.77 million

Signing bonus: $563,200

Base salaries:

2013: $405,000

2014: $495,000

2015: $585,000

2016: $675,000

Workout bonuses:

2014: $20,000

2015: $20,000

2016: $10,000

Salary cap charges:

2013: $545,800

2014: $655,800

2015: $745,800

2016: $825,800

QUICK-HIT THOUGHTS: The Patriots surely hope that Ryan becomes a contributor on defense, but even if he ultimately becomes just a special teams contributor, this deal is kind to the cap. In a technical note, the 2013 base salary has a split, meaning if Ryan lands on a reserve list the base salary is reduced for 2013, while his 2014 base salary is tied to having a credited season in '13.

STEVE BEAUHARNAIS

Terms: 4 years, $2.207 million

Signing bonus: $47,500

Base salaries:

2013: $405,000

2014: $495,000

2015: $585,000

2016: $675,000

Salary cap charges:

2013: $416,875

2014: $506,875

2015: $596,875

2016: $686,875

QUICK-HIT THOUGHTS: One of the main thoughts on this deal is the financial benefit for a seventh-round draft choice vs. a rookie free agent. Beauharnais' signing bonus was greater than the guaranteed money given to the Patriots' top-earning rookie free agent T.J. Moe -- $47,500 to $30,000. So while there is something to be said for being undrafted and picking your destination, it usually still pays better financially to be a late seventh-rounder than a rookie free agent. Specific to the contract, there are split salaries in 2013 and 2014, so if Beauharnais lands on a reserve list in either season, his base salary would be reduced. In a technical note, the 2014 base salary is tied to Beauharnais having a credited season in 2013.

(Signing bonuses rounded out for cleaner math.)