Found February 25, 2013 on
As he's done in the past, Tom Brady is putting the Patriots' financial interests over his own.
According to SI.com's Peter King, Brady agreed to a three-year, $27 million contract extension, running through 2017.
The new deal, which all but guarantees the future Hall of Fame quarterback retires a Patriot, is worth "significantly less than the market will bear," and gives New England "massive cap relief."
Brady received a $3 million signing bonus, but his cap number for 2013 stands at a very reasonable $13.8 million. The club freed up $15 million in cap space over the next two seasons, ensuring they'll stay competitive through the life of this new pact.
While Brady would certainly command much, much more on the open market, his selflessness isn't a first-time occurrence. In 2005, he agreed to a team-friendly contract to help the Pats reload in free agency.
With a dearth of new-found cap room, expect the Patriots to move quickly ...
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Tom Brady finalized a contract extension with the New England Patriots on Monday that should help the team stay financially solvent.
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So when all the praises have subsided, all that’s left are facts. And though it makes a good story that Tom Brady “took less money” for the sake of his team, the facts tell another story.
So as the details emerge from Brady’s deal that makes him richer and possibly hinders others from doing the same, we learn from Field Yates of ESPN Boston that Brady didn’t quite “take...
Regardless of reports to the contrary, Patriots legend Tom Brady willingly accepted a significant pay cut and will earn a discounted $60 million over the next five years to provide New England with a massive amount of salary cap relief. The 6-foot-4, 225 pound Brady, whose restructured deal gives New England $15 million in cap space to ink the free agents they covet, will likely...
New England Patriots quarterback Tom Brady did his organization a huge favor on Monday when he signed a three-year contract extension. The move helps the Patriots lower the cap hit on Brady in 2013 and 2014 for starters, which will free up a ton of cap room to work with during free agency.
In his old contract, Brady was already scheduled to earn $30 million by the start of the...
It’s not uncommon these days for professional athletes to share nearly every detail of their lives via social media. Tom Brady doesn’t exactly fit into the group of players who tweet or share much personal information on the Internet, but the quarterback made a special exception on Monday.
Brady signed a three-year contract extension worth $27 million, significantly...
Short version means that Tom Brady will retire as a Patriot.
Peter King has the details of the deal.
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...
The New England Patriots and quarterback Tom Brady have
reached an agreement on a three-year extension that will help the team’s salary
cap and provide the All-Pro with a “contract for life,” as reported by Peter King of Sports Illustrated.
Brady will receive “significantly less money than the market
will bear” in order to help the Patriots remain competitive for his...
According to Peter King of SI.com, the New England Patriots have signed quarterback Tom Brady to a three-year extension that will keep him around until he 40 years-old.
Brady is reportedly taking a lot less money then he deserves.
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...
Tweet Two-time MVP quarterback and future Hall of Famer Tom Brady has agreed to a contract extension that will likely keep him with the Patriots through the 2017 season, according to a report from Sports Illustrated’s Peter King: The extension will pay Brady a $3 million signing bonus immediately, in addition to salaries of $7 [...]
I am very pleased with some news I came across today! Tom Brady and the New England Patriots have agreed to a 3-year extension on his contract through 2017! Surprisingly, it’s only for $27 million (yes, it does feel weird to say “ONLY $27 million”) which is much less than I [...]
Monday afternoon was pretty disgusting on Twitter. Members of the media and New England Patriots fans were fawning over the news that Peter King broke about Tom Brady’s new extension with the organization. It painted Brady as the most altruistic player in the history of the NFL. Why? Because the initial numbers released said “3 years for $27 million.” If that was a the actual...
ATLANTA As the debate rages as to whether Tom Brady is selfless for signing a new contract for less than market value or whether Brady managed to enrich himself in the process, one thing seems certain: The deal did create cap room for the New England Patriots.
As reported by Sports Illustrated's Peter King, the deal will save the Patriots 15 million in cap relief over the next...
Tom Brady‘s hometown discount will be remembered in New England for years to come. While it’s clear what this restructured extension means for the Patriots, it also means a whole lot more for other quarterbacks in the NFL — namely embarrassment, according to folks in Patriots country. Just how does Brady stack up with the league’s highest-paid QBs? Check out the list below...
According to the Boston Herald, the New England Patriots and wide receiver Wes Welker are discussing a possible contract extension.
These discussions were held independent of Tom Brady‘s contract extension. However, Brady’s new deal has freed up $15 million in cap room over the next two seasons, which gives Welker and the Pats a little more room to work with.
It’s still unclear...
Ian Rapoport of NFL.com writes that the Patriots could target a “big receiver on the outside” during free agency now that they’ve freed up some extra cap room by restructuring Tom Brady‘s contract.
Rapoport specifically mentions that wide receivers Dwayne Bowe and Mike Wallace could both be in consideration. Rapoport adds that Bill Belichick has offered consistent...