Report: Patriots, Patrick Chung agree to two-year extension

The New England Patriots and safety Patrick Chung have agreed to a two-year extension through 2023, according to ESPN’s Field Yates.

Chung, 32, has been with the team for 10 of his 11 seasons in the NFL. He’s been a core piece in New England’ secondary — which was arguably the best in the NFL last season. Chung finished 2019 off with 51 tackles and three passes deflected in 12 games played.

The deal includes $3 million to sign and $12.8 million over the next four years, according to Yates. Chung cashed in on nearly $34 million during his entire career and this deal will likely finish off time in the league.

The Patriots and S Patrick Chung have agreed to a two-year extension through 2023, per sources. Chung gets $3M to sign and is now due up to $12.8M over the next four years. One of the most reliable players on their standout defense.

— Field Yates (@FieldYates) May 20, 2020

With the deal, the Patriots will create $925 thousand in cap space.

The Patriots create $925k in salary-cap space with the revamped deal for safety Patrick Chung.

While the contract is technically an extension, the added years are mostly there to provide the team cap relief.

In agreeing to the deal, Chung gets financial adjustment for 2020.

— Mike Reiss (@MikeReiss) May 20, 2020

The Patriots have some depth at the safety position with Chung, Devin McCourty, Adrian Phillips, Terrence Brooks and the rookie Kyle Dugger. Chung will be a leader for the new players and continue to anchor the secondary alongside McCourty.