Report: Blount Takes $1 Million Pay Cut With Patriots

BOSTON (CBS) – New Patriots running back LeGarrette Blount has already given his new team a boost.

According to Yahoo! Sports, Blount has agreed to take a $1.07 million pay cut.

Blount agreed to a one-year, $1.75 million deal with the Buccaneers in March, but restructured that deal to decrease that cap hit down to $680,000 for New England.

Blount was due to receive a $150,000 workout bonus and a $350,000 bonus for showing up to training camp, but the workout bonus has been reduced to $50,000, and the $350,000  is off the books all together. In addition to that, Blount’s base salary has been reduced to $630,000 from $1.25 million — none of which is guaranteed.

Read: Brady As Driven As Ever: ‘I Feel Like I’m 25′

The Patriots acquired Blount in a draft weekend trade with Tampa Bay, sending kick returning Jeff Demps and a seventh round selection to the Buccaneers. He is expected to compete in a crowded Patriots backfield that includes running backs Stevan Ridley, Shane Vereen, Leon Washington and Brandon Bolden.

Watch: Rookies Talk About Patriots Minicamp

Earlier this off-season, Patriots quarterback Tom Brady signed a new three-year extension to give the team cap relief over the next two seasons.

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