That would Mankins’ salary number would fall from $3.268 million to $1.54 million for 2010 if he doesn’t sign the tender before the June 15 deadline.
Here’s the way I’m told that all this works — Teams have to send form letters out to the players (the Broncos sent one to Dumervil, the Chargers did the same with Marcus McNeill and Vincent Jackson) declaring their intent to exercise the option to lower tender offers to their restricted free agents. The player then must sign his tender on or before June 14, or the tender is adjusted to the lower number.
Bottom line: This could cost Mankins $1.728 million for 2010. And also create some ill-will in negotiations.
The Patriots start their veteran minicamp on June 15. The next step in all this will happen before then.