Mike Onwenu takes big pay cut in renegotiated Patriots contract
Mike Onwenu has renegotiated his contract with the New England Patriots, resulting in a significant pay cut. The new agreement provides the team with $7.5 million in cap space for the upcoming season. Onwenu's salary has been reduced to $2.95 million, and he will still become an unrestricted free agent next offseason.
- ▪Mike Onwenu took a $7.5 million pay cut in his renegotiated contract.
- ▪His new deal is effectively a one-year contract worth $10 million.
- ▪The Patriots gained $7.5 million in cap space as a result of this restructuring.
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