While the rest of the league was concentrating on the NFL Scouting Combine, the New England Patriots were busy locking up their Hall of Fame quarterback to a "contract for life." SI.com's Peter King reports the Patriots have agreed to a three-year extension that will keep Tom Brady under contract through the 2017 when he'll be 40. What's noteworthy about Brady's new deal is that he stands to collect just $27 million over the three years, which is essentially half of his market value. It's the second time in Brady's career that he has left a stack of money on the bargaining table to give the Patriots a competitive advantage. Brady's extension creates "well over" $30 million in cap room next two years, a team source told NFL.com's Albert Breer, and over $20 million this year alone. Source: NFL.com
wat i like that there's an athlete out there who realizes he doesn't need a heinous contract if it will help his team be better overall, i'm just pissed it's tom freaking brady.
Well sounds like he did the Patriots a favor, so they damn well better do him one if he gets hurt like Bledsoe and Brady doesn't lose his job, like Bledsoe.
Great deal for both sides. VERY team friendly deal. As much as I wish he'd go away, he's the type if guy everyone hopes for to give the "hometown" discount that very rarely, if ever happens! Not to mention a while crapload of GMs around the league, with QBs due for a deal in the next couple seasons, love this move!!!
You can always leave money on the table when your super model wife makes as much, or more than you :icon_confused:
Long term investing on Toms part. A $41 million deferred annuity + his current discounted salary ain't a bad deal. I just admire him for stickin' with one team.... an oddity these days.
i doubt he's actually going to play under those figures. This was simply done to spread out his cap hit numbers which are hefty over the next 2 seasons.
Until the agreement was revealed yesterday, Brady was under contract to the Patriots for two seasons with a contract containing $30 million in guarantees. Now he's under contract for five seasons with $57 million guaranteed. Brady's deal includes a $30 million signing bonus for the quarterback, which will be paid out over a period that extends to Feb. 15, 2015, according to a league source. Brady will earn $10 million of that signing bonus during the 2013 season, $5 million in a payment on Feb. 15, 2014, $10 million during the 2014 season, and $5 million on Feb. 15, 2015. Brady's salary for 2013 and 2014 are now $1 million and $2 million respectively, and are fully guaranteed. His old deal was scheduled to pay him $9.75 million in base salary for each of those seasons. Brady's salary for 2015, 2016, 2017 are $7 million, $8 million, and $9 million, which are fully guaranteed for injury only. That means that if Brady is released because of an injury, he will still be paid that money. In the unlikely event that he were released due to skill considerations, he would not be paid that money. Regarding Brady's salary cap charges, the breakdown is as follows: 2013: $13.8 million 2014: $14.8 million 2015: $13 million 2016: $14 million 2017: $15 million The new contract also enhances Brady's protection in the event he suffers a career-ending injury in 2013 as that figure was increased from $25 million to $57 million. Brady suffered a season-ending knee injury at the beginning of the 2006 season so he has experience with a catastrophic injury. While the Patriots save $15 million in cap space, there is nothing preventing the team and Brady from restructuring this deal again if necessary before the quarterback retires.
