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Patriots call decision to cut Hernandez "simply the right thing to do"
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Patriots dump Aaron Hernandez
The Patriots have released tight end
Aaron Hernandez, roughly 90 minutes after he was arrested on a charge that has not yet been identified.
“A young man was murdered last week and we extend our sympathies to the family and friends who mourn his loss,” the Patriots announced. “Words cannot express the disappointment we feel knowing that one of our players was arrested as a result of this investigation. We realize that law enforcement investigations into this matter are ongoing. We support their efforts and respect the process. At this time, we believe this transaction is
simply the right thing to do.”
The move prevents the Patriots from ever recovering a penny of the $12.5 million signing bonus from his 2012 contract extension worth a total of $39 million. It remains to be seen whether the Patriots will try to avoid paying $3.25 million in a deferred payment due on March 31, 2014, and whether they’ll try to wipe out base-salary guaranteed of $1.323 million in 2013 and $1.137 million in 2014.
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http://profootballtalk.nbcsports.com/2013/06/26/patriots-dump-aaron-hernandez/