Report: Brady signs extension

Posted by pperillo on February 25, 2013 – 4:53 pm

500x305-20130225-bradySports Illustrated’s Peter King is reporting the Patriots and Tom Brady have agreed to a three-year extension that will have the Patriots quarterback in Foxborough through 2017. The value of those added three years is a modest $27 million, but the real value for all concerned is the added cap space the team will receive as a result.

King reports the extension will pay Brady a $3 million signing bonus immediately, in addition to salaries of $7 million in 2015, $8 million in 2016 and $9 million in 2017. As a result, the deal gives the Patriots relief as he was due to count roughly $22 million in each of the next two years. Now, those cap numbers will add up to $28.6 million, a savings of $15 million.

This comes hours after an NFL Network report of a potential extension for Wes Welker. Could the two be related? The guess here is yes, and it would not be surprising to learn Brady agreed to the deal with re-signing Welker in mind.

Brady will receive guaranteed salaries each of the next three seasons and receive much of the money in “chunk of a bonus right now” according to King. So, Brady receives plenty of money up front while adding $27 million on the back end when he will be approaching his 40s. Most importantly for the Patriots, they get their quarterback locked up probably for the rest of his career while garnering important salary cap relief.

Posted in Free Agency (2013), General | 23 Comments »

23 Responses to “Report: Brady signs extension”

  1. By mark on Feb 25, 2013 | Reply


  2. By David Beckett on Feb 25, 2013 | Reply

    This is superb news and I hope it is, as you suspect, related to a possible contract extension for Welker. Brady clearly loves to have Welker around and well financially help the team to keep him.

  3. By John in L.A. on Feb 25, 2013 | Reply

    This is why our “QB1″ is now and will forever be a legend in this town. Hard to call agreeing to play a game for 9 mill “an act of sacrifice,” but he sure is the definition of Team Player.

  4. By Josh Brown on Feb 25, 2013 | Reply

    This is one thing no “elite” QB can say about themselves- selfless. Granted Brady makes a ton off endorsements and his wife isn’t exactly poor. But to take up less than 10% of your team’s cap so that the Patriots can sign other players is an act we don’t see from any other QB in this league.

  5. By pperillo on Feb 25, 2013 | Reply

    Um, the guy will be 40 and guaranteed $60 million. Sign me up for that kind of selfless

  6. By Buzz on Feb 25, 2013 | Reply

    Unreal, he is not worth it for this period of time, he already shows signs of an aging arm, under-throwing,over-throwing, nevermind afraid of being hit.I would have waited till his contrct was up and see how he is then.40yrs old lmao..Put me in coach i dont smoke.

  7. By Pats4me on Feb 25, 2013 | Reply

    Hey,put me in, you suck! This is the greatest QB ever so smoke that idiot!

  8. By Tawfeefronk on Feb 25, 2013 | Reply

    brady likes welker so much that he excepted a contract so welker can get signed… brady is not just an elite qb but a kind-hearted qb… now it depnds who they get in the draft if they will re-sign talib and vllmer

  9. By MIKE D on Feb 25, 2013 | Reply

    Come on, Paul, go easy on Tommy.
    I’m looking forward to listening to this when you talk about it on ‘PFW In Progress’. I’m sure you and either Andy or Fred are gonna get into it for, like, 30min or something about the pros and cons of this deal. Perhaps you guys can do what Greg Bedard did on the plane with you guys on the way to Indy and “agree to disagree” LOL.
    Too bad Erik ain’t gonna be here for this. I hope the hippos and rhinos didn’t get him before he caught wind of this Patriots news :-)

  10. By pperillo on Feb 25, 2013 | Reply

    Agree to disagree … Lol

  11. By doug on Feb 25, 2013 | Reply

    brady has been doing this his whole career. he is the ultimate team player and his desire to win keeps getting stronger every year. ide take a 40 yr old brady over any qb out there. go pats and lets take care of wes!

  12. By wgardellajr on Feb 25, 2013 | Reply

    Vintage Kraft-Brady class. No end of contract hysterics and acrimony. Free up cap space to help out his buddy Wes and the rest of the team. If does have potential to saddle the Pats with a bunch of cap if Tom cannot perform near ‘normal’ over the last few seasons, but what the heck, Mr Kraft can afford it- and its Bob’s team, Bob’s money. And of course this guarantees Tom retires a Patriot- not the nonsense Favre and Montana suffered after their great runs. Nice work, Bob and Tom.

  13. By Matt on Feb 25, 2013 | Reply

    Classy move by Brady. I hope they can pick up a few good
    free agents. I would like to see Freeney with the Pats
    and Calvin Johnson. But I think Johnson is to much of a
    long shot but you never know.

  14. By samintheoperabuilding on Feb 25, 2013 | Reply

    I’d like to know the back hall conversation between the ownership and Tom on this one-I doubt it was all about Tom being “selfless” but it sure does make for a good story eh?

  15. By samintheoperabuilding on Feb 25, 2013 | Reply

    I’d like to hear the actual conversation that made this happen. It’ll be billed as “selfless” and such- dont get me wrong, I’m more than pleased with the news- but Kraft had alot of bargaining power with this one. Tom’s best shot at more rings comes with staying put- looks like he’s willing to pay the price- but really, after $50 million who’s counting?

  16. By Louanne on Feb 26, 2013 | Reply

    Tom Brady does not need any more money but what he wants is a 4th Superbowl ring to tie his idol Joe Montana. Then he will go down in history as the GREATEST quarterback ever. He had to take a modest salary in order to keep his team together and add to it. Go Tom and the Patriots.

  17. By David Beckett on Feb 26, 2013 | Reply

    2012 – Sanchez signs three-year extension for $40 million
    2013 – Brady signs three-year extension for $27 million

    I guess that tells you a lot about the two players and the two franchises.

  18. By war on Feb 26, 2013 | Reply

    that is why i am a patriot, they are the class of the league, period hands down! all other teams are garbage,in comparison

  19. By Lacko on Feb 26, 2013 | Reply

    HUGE RESPECT TOM! THE ROLEMODEL for every sportmen! IT’s a message for the team and for the other players, not only in Foxborough but in the whole NFL and every kind of sports!

  20. By denyip on Feb 26, 2013 | Reply

    hmmm.. he will be 40 at the end of the contract… oldest QB who won super bowl was 38 yrs John Elway .. But who else if not Tom should break this..Iam just worry about Ryan Mallett I dont think he will stay he has clearly starting QB potential…

  21. By Paul on Feb 26, 2013 | Reply

    This is why Tom Brady is the greatest QB of all time. He is selfless and thinks of the team first. Yes he makes a ton of money, but tell me one other QB in the NFL of Tom Brady’s stature that would have done this for the betterment of the team. Tommy wants to win at least 2 more titles before he hangs up the cleats, and this move goes a long way in accomplishing that goal. Now the team can shore up the secondary, re-sign Vollmer, Welker, and get a deep-threat receiver he’s been lacking since Randy Moss left. Love the deal, and thank you Tommy.

  22. By Rip on Feb 26, 2013 | Reply

    It ain’t all about economy,
    So the fact that all these wack QB’s making G’s don’t bother me.
    Honestly, my number one policy is quality.
    Never sell my soul is my philosophy.
    (reality check-binary star)

  23. By TAN on Feb 26, 2013 | Reply

    Class act / The definition of a Team Player
    The man is a winner and his football priority is a champoinship
    Brady knows he needs a line and receivers

    The young defensive secondary keeps getting better, and Brady should retire with the most championships

    Besides, New England was 4 minuites aways from two wins over the NYG

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