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Tom Brady agrees to 3-yr contract extension to remain a patriot until he retires

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 Tom Brady agrees to 3-yr contract extension to remain a patriot until he retires
Unread 2 years agoclass of '06 - away - #1
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Michael 1987 692 heat pts692 space
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Tom Brady took a huge step today to ensure he'll retire a Patriot, agreeing to a three-year contract extension that will keep him under center for New England through the 2017 season, when he will be 40 years old.

For the second time in his illustrious career, Brady is doing something players in this day and age simply do not do: As he did in 2005, Brady, a league source told SI.com, is signing a contract with New England that will pay him significantly less money than the market will bear, in large part to help the Patriots stay competitive for the next five seasons.

Amazingly, according to the source, the deal is for an eye-poppingly conservative $27 million, which is less than half his worth by any measure.

The extension will pay Brady a $3 milion signing bonus immediately, in addition to salaries of $7 million in 2015, $8 million in 2016 and $9 million in 2017. Brady told Sports Illustrated five years ago he wanted to play until he was 40, at least, and this will accomplish that. He turns 40 on Aug. 3, 2017.

The upshot of the deal is to give the Patriots massive cap relief in a flat-cap era. He was due to count on the New England salary cap $43.6 million in 2013 and 2014. Now, his cap numbers will add up to $28.6 million in the next two years, a savings of $15 million in cap dollars at a time the Patriots have free agents they want to sign to help keep the team atop the AFC East, which they have dominated since Brady took over at quarterback in 2001.

After the Patriots move money around to lessen the blow of Brady's money in a flat-cap era -- the NFL's salary cap is expected to be virtually the same in the next two years as it was last season, about $121 million a year -- here will be Brady's cap numbers over the next five seasons, according to a source with knowledge of the contract:

2013: $13.8 million.
2014: $14.8 million.
2015: $13 million.
2016: $14 million.
2017: $15 million.


The Patriots can do this by guaranteeing his salaries for the next three and giving him much of the money in a chunk of a bonus right now. That, the source with knowledge of the contract said, is what the Patriots intend to do. And history points to Brady doing the same thing eight offseasons ago.

In 2005, after his third Super Bowl title, Brady agreed to a six-year, $60 million deal, which at the time was dwarfed by Peyton Manning's contract, which averaged $14.2 million a year. This year, clearly, he is doing exactly the same thing -- in fact, giving the team even more of a hometown discount -- with one goal in mind: to keep the Patriots competitive for the rest of his career. He's putting his money where his mouth is. He knows it's easy for him to make millions in endorsements. One teammate once said about Brady he would be such a sore loser he'd do whatever it takes to never lose. At a time when the growing market for quarterbacks pegs the average per year at about $20 million -- Drew Brees and Peyton Manning are there, and it's likely Super Bowl champ Joe Flacco will be there soon -- Brady's average over the next six years will be consistently about 30 percent lower.

It's very likely Brady feels the same way today as he felt in 2005, when he did the last sub-market deal. "To be the highest-paid, or anything like that, is not going to make me feel any better,'' he said in 2005. "That's not what makes me happy. In this game, the more one player gets, the more he takes away from what others can get. Is it going to make me feel any better to make an extra million, which, after taxes, is about $500,000? That million might be more important to the team.''

In an important free agency period, when New England will be f!ghting to stay relevant and win its first Super Bowl since the 2004 season, they should have the financial ammunition to fortify the team. They could bolster the pass rush by signing free agent Dwight Freeney of the Colts, or the secondary by signing veteran safety Ed Reed, also a free agent. On offense, they could open the wallet to re-sign Brady's favorite receiver, Wes Welker, or maybe aim higher for a younger franchise receiver like Mike Wallace of the Steelers. All of a sudden, New England will have an additional $15 million of cap freedom while two-thirds of the teams in the league struggle to do anything in free agency because they're so snug to the cap.
http://sportsillustrated.... iots-contract/

Last edited by Michael 1987; 02-25-2013 at 02:37 PM..
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78 comments for "Tom Brady agrees to 3-yr contract extension to remain a patriot until he retires"

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Unread 2 years agoclass of '11 - away - #2
Kobane 136 heat pts136 space
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Next Brett Farve
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Unread 2 years agoclass of '11 - away - #3
Kingpin 313 84 heat pts84 space
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Patriotssss
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Brady taking a paycut for the team
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Unread 2 years agoclass of '10 - away - #4
rek0nize 54 heat pts54 space
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Brady being a good dude for taking less money like that. Helps the team out, his wife makes more than him, he don't need 15-20 million a year.
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Unread 2 years agoclass of '12 - away - #5
Tha Problum 34 heat pts34 space
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The God QB
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Unread 2 years agoclass of '09 - away - #6
ReggieA 196 heat pts196 space
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^HE GOT NEXT!^
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Ultimate team player

That UGGS money must be good to him
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Unread 2 years agoclass of '06 - away - #7
3rdcoasta 101 heat pts101 space
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nuthin wrong with that...
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Unread 2 years agoclass of '07 - away - #8
N.O.4Life 8 heat pts space
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Pay Cut?:hah:
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Damn yall n*ggas fast.this sh*t jus broke like 10 seconds ago lol.
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Unread 2 years agoclass of '05 - on now - #9
bigpinero 3 heat pts space
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Nice guy!
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Unread 2 years agoclass of '10 - away - #10
SeattleWon 700 heat pts700 space
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still won't win anymore rings


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Unread 2 years agoclass of '06 - away - #11
Michael 1987 692 heat pts692 space
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N.O.4Life said:
Damn yall n*ggas fast.this sh*t jus broke like 10 seconds ago lol.
More like 20 minutes ago since peter king posted it out first
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Unread 2 years agoclass of '09 - away - #12
Braz 80 heat pts80 space
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fu*k this f*ggot
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Unread 2 years agoclass of '12 - away - #13
SHADOW 320 heat pts320 space
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Damn his time is coming to an end, n*ggah Brady gonna ball out in retirement

I'm gon shed a tear when he has that press conference in 2017...

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Unread 2 years agoclass of '12 - away - #14
MischiefTooReal 99 heat pts99 space
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...
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My Goat looking out for the squad

No excuse NOT to re-sign Talib now, cheap bastards.



Now go win a SB you bi*ch a.ss n*ggas.
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Unread 2 years agoclass of '06 - away - #15
Michael 1987 692 heat pts692 space
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brazidee said:
fu*k this f*ggot
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Unread 2 years agoclass of '07 - away - #16
N.O.4Life 8 heat pts space
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Michael 1987 said:
More like 20 minutes ago since peter king posted it out first
Damn espn slippin thought this sh*t was called Nfl live
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Unread 2 years agoclass of '07 - away - #17
keithbm1111 96 heat pts96 space
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Yet another team friendly deal for brady
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Unread 2 years agoclass of '12 - away - #18
TheThreadLord 1757 heat pts1757 space
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brady is not going to retire a patriot
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Unread 2 years agoclass of '05 - away - #19
chrismb 140 heat pts140 space
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did WE resign brandon lloyd and pay welker yet?
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Unread 2 years agoclass of '06 - away - #20
Michael 1987 692 heat pts692 space
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N.O.4Life said:
Damn espn slippin thought this sh*t was called Nfl live
You do know ey have sources they get info from so of course they will be behind when gettin the public know sh*t
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