Malcolm Butler has given up hope of a big pay day ahead of Friday's deadline for restricted free agents to sign offer sheets.
Butler has signed his one-year tender from the Patriots, NFL Network Insider Ian Rapoport reported Tuesday. The first-round tender carries a salary of $3.91 million for the 2017 season.
Butler is in a tricky spot this offseason. Already 27 years old after entering the league as a 24-year-old undrafted free agent, he understands the time will never be better to cash in on a life-changing mega contract.
So where does that leave Butler's future in New England?
Now that Butler is under contract, it's conceivable that Payton and Belichick might reopen trade talks.