Why Tom Brady's deal to buy stake in Raiders has 'a lot of problems'

It sounds like NFL owners aren't close to approving retired quarterback Tom Brady becoming a limited partner of the Las Vegas Raiders. 

"It’s got a lot of problems," one league owner said about the possible agreement during a chat with Sports Illustrated NFL insider Albert Breer. Breer added for a piece published Friday that "my understanding is Brady’s share of the Raiders would be around 6% of the franchise." 

Per the franchise's valuation, the price for Brady's stake would be around $372M. To compare, it was reported earlier this week that Indianapolis Colts owner Jim Irsay said during the recent owners meetings that "the number just has to be a reasonable number for purchase price from Tom" because "if reasonable value says … that 10% should be $525M, you can’t pay $175M." 

Mark Maske and Nicki Jhabvala of the Washington Post reported back on Oct. 5 that Raiders principal owner Mark Davis offered Brady a stake in the team at a "discounted price." Breer wrote Friday such a discount is "counterproductive" as it pertains to boosting the overall values of NFL franchises and also "wouldn’t bring much value to anyone but the Raiders." 

Ben Volin of the Boston Globe previously echoed Pro Football Talk's Mike Florio and explained Brady's 10-year contract reportedly worth $375M to become Fox's lead NFL analyst next year "is complicating" the seven-time Super Bowl champion's deal with the Raiders. On Friday, Breer said that "no team would want a minority owner from a rival team in its building meeting with its coaches and getting privileged information — the way most broadcasters do — simply to do their job at the level the NFL would expect of the people calling its games." 

As recently as earlier this week, Brady discussed watching NFL games on television this season "from a broadcaster standpoint" as he prepares to join Fox in 2024. There's no indication he's changed his mind about that career step, but the subject likely will come up during the next league meetings scheduled for December.