Newly reacquired Patriots wide receiver Deion Branch has agreed to take a $3.75 million pay cut for the final year of his $39 million contract, the Boston Globe reported Thursday.
The renegotiated deal with New England reportedly reduces Branch’s 2011 base salary from $5.95 million to $2.2 million, with incentives in place that could allow him to earn as much as $4 million. The Seattle Seahawks traded Branch to New England earlier this week in exchange for a fourth-round draft pick.
The veteran wide out, who played for the Pats from 2002 to 2006, signed a six-year deal upon his sudden move to Seattle just after the start of the 2006 season. Branch’s trade back to New England came on the heels of the sudden and shocking departure of wide receiver Randy Moss from Foxborough to the Minnesota Vikings. Branch, the MVP of Super Bowl XXXIX, will continue to make his guaranteed $5.47 million salary for this season.
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