Originally posted on Sox and Dawgs  |  Last updated 3/22/12

The New England Patriots, who have been signing free agents like Bill Belichick had a Groupon, have dipped into the well and come back with one of their own as they re-sign WR Deion Branch.

Branch, long one of QB Tom Brady’s favorite targets, is in his second stint with the Patriots after returning in a 2010 midseason trade with Seattle.  He originally was with New England from 2002-2005 before leaving for Seattle in a contract dispute for the 2006 season.

He played his college ball at Louisville and was taken by New England in the second round of the 2002 NFL Draft.  The former Super Bowl MVP received a one-year contract to remain in Foxboro.

In other news, it’s been learned through NFL sources by Mac’s football blog that Brady restructured his contract to free up another $7.2 million in cap space.  Brady reduced his salary for the 2012 season by nearly $5 million and combined it with his roster bonus as a signing bonus that will be prorated over the remaining three years on the contract.

At a guaranteed $975,000 salary for the season Brady is the best deal in the entire NFL.

Follow Steve on Twitter @SteveMichaelsII

Photo credit: AP Photo

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