Rob Gronkowski's contract with the Patriots continues to look like a relative bargain as tight ends around the league haul in big money on a per-year basis.
On Thursday, Washington announced that it had come to terms on a long-term contract extension with tight end Jordan Reed. The deal is reportedly worth $50 million over five years, including $22 million guaranteed.
That's not a bad pay day for a player who has missed 14 games due to injury over the course of his first three seasons. When healthy, he's proven to be one of the most dynamic players at his position -- playing more as an over-sized wide receiver at 6-foot-3, 236 pounds than a true dual-threat tight end -- and now he's being paid as such.
Reed's new contract allows us an opportunity to take another look at Gronkowski's deal, which has come into focus ever since he sent out a tweet in March that indicated he felt as though he was taking a pay cut when the Patriots picked up an option that would keep him in New England through 2019.
In the tweet, Gronkowski said he doesn't play for the money -- and according to him he hasn't spent a dime of what the Patriots have paid him since entering the league -- but it seemed to be relatively clear that the structure of his contract was on his mind when he took to social media.
Gronkowski signed a six-year, $54 million extension in 2012. By then he had proven how important he was to the Patriots offense, but he had a lengthy injury history going back to his college playing days. At the time, a deal that both paid him at the top of the market and gave him a measure of security was welcomed with open arms.
Now here we are in 2016, and the market has shifted. The salary cap has increased and many teams have opted to pay their tight ends bigger chunks of the pie, sliding Gronkowski down the list of highest-paid players at that position based on average annual value.
Reed and Seattle's Jimmy Graham ($10 million) now top the list. Kansas City's Travis Kelce ($9.4 million) and Jacksonville's Julius Thomas ($9.2 million) also fall in ahead of Gronkowski.
Considering where those players stack up with Gronkowski in terms of production, the Patriots' All-Pro seems to have every right to furrow his brow when he looks at his contract by comparison.
It could be a while though before Gronkowski sees any alterations to his income, however. First and foremost, he still had four years remaining on his contract as it's currently constructed. The Patriots front office gambled and won with the deal they gave him four years ago, and barring a holdout, they'd have little incentive to re-work it.
There's also the matter of where Gronkowski's deal falls in terms of the team's list of priorities. He's at least still paid near the top of the market at his position.
There are several of his teammates -- corners Malcolm Butler and Logan Ryan, linebackers Jamie Collins and Dont'a Hightower, defensive end Jabaal Sheard and receiver Julian Edelman -- who are either a) about to become free agents after the 2016 or b) could make the argument that they're even more significantly underpaid than Gronkowski. Some fall under both categories.
As great as Gronkowski has been, and as important as he is to his team's success, he may have to take his place in line when it comes to receiving a deal that more favorably reflects his value. And it could be a while.