Monday, February 25, 2013

Report: Brady, Patriots agree to 3-year extension


Tom Brady wants to be a New England Patriot for life. And if he's going to do so, he'll make sure the team is winning -- both on the field and financially.

According to Peter King of Sports Illustrated, Brady and the Patriots agreed to a three-year extension on his contract, which had just two years left on it. With that, Brady is slated to make "less than half of his worth by any measure." (photo: Keith Allison, Flickr)

King's source said the new deal is worth $27 million. Brady will get paid salaries of $7 million, $8 million and $9 million in 2015, 2016 and 2017, respectively, after getting an immediate $3 million via a signing bonus.

The new deal reportedly will safe the Patriots $15 million in cap space over the next two years. Brady signed a similar team-friendly deal in 2005 after winning his third Super Bowl.

"In this game, the more one player gets, the more he takes away from what others can get," Brady said at the time. "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 a league where both the player and front office sides are looking for every piece of leverage to swing the money in their favor, Brady goes against the grain. As one of the best signal-callers in the NFL and an all-time great, he'll be making roughly 30 percent less than his colleagues around the league.

He's recognized he already has enough money. Plus, UGG probably will make up the difference.

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