The Patriots signed him to a $9 million signing bonus with the first half paid Sept. 23 and the second half to be paid in January.
As part of the settlement, the team is now paying him $5 million, per ESPN. It opens up $4 million in credit.
Hernandez’ grievance was also settled and the Patriots received a $2.55 million credit, per ESPN. Hernandez was cut less than a year into a five-year, $39.58 million contract. He died of suicide in prison after he was convicted of murder. The grievance was with his estate.
Patriots get more cap room
The Patriots were flying awfully close to the cap at less than $500,000 below before some roster moves last week.