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Contract catch-up: Jenkins, Cole & Niko

4/1/2013

Passing along details of the one-year contracts recently signed by wide receiver Michael Jenkins, cornerback Marquice Cole and linebacker Niko Koutovides:

Michael Jenkins

Terms: One year, $855,000 maximum value

Base salary: $840,000 (non-guaranteed)

Offseason workout bonus: $15,000

Cap charge: $570,000

Niko Koutovides

Terms: One year, $865,000 maximum value

Base salary: $840,000 (non-guaranteed)

Offseason workout bonus: $25,000

Cap charge: $580,000

Marquice Cole

Terms: One year, $730,000 maximum value

Base salary: $715,000 (non-guaranteed)

Offseason workout bonus: $15,000

Cap charge: $570,000

QUICK-HIT THOUGHTS: Each of these deals reflects a low-risk, low-cost investment for veterans with specified roles. Jenkins' deal further suggests what we had suspected about his signing, which is that he is viewed as a depth option at wide receiver who brings size, experience and a veteran presence. That's something the Patriots largely lack otherwise at wide receiver. Cole and Koutovides add special teams value, and Cole also was used as a depth defensive back in 2012. The cap charge for each is due to the minimum salary benefit ($555,000 plus their bonus considerations).