On December 15 ESPN’s Field Yates tweeted that “the Patriots have claimed WR Michael Floyd off of waivers.” This blog hopes to explain the impact of this move.
Michael Floyd is in the last year of his rookie deal. He was the 13th overall pick of the 2012 draft. His 2016 $7.32 million salary is fully guaranteed. By claiming Floyd the Patriots now become responsible for 3/17ths of his salary or $1,291,765. Floyd will become a free agent after the 2016 season. If he leaves the Patriots during the 2017 free agency he will count as a lost free agent in the 2018 compensatory pick calculations.