The deal with keep Slater with the team through the 2016 season. He signed a three-year, $5.4 million contract before the 2012 season and is making $1.2 million in base salary this season.
According to the report, Slater will receive $3 million in guaranteed money, which includes $2 million up front in the form of a signing bonus. Slater will receive base salaries of $1 million in 2015 and 2016, plus he will receive a $100,000 bonus if he makes the Pro Bowl in either season.
Slater, 29, has been selected to the Pro Bowl in each of the last three seasons because of his play on New England's special teams unit. This season, Slater has tied for third in the NFL with 11 total tackles on special teams.
Slater was originally a fifth-round selection by New England in the 2008 NFL Draft.
- Scooby Axson