Yesterday afternoon, Sports Illustrated reported that Tom Brady signed an extension with the New England Patriots for $27 million over 3 years. Brady will receive an immediate $3 million signing bonus, and then he will receive salaries of 7 million, 8 million, and 9 million dollars respectively over the next 3 years. The contract will run through the 2017 season at which Brady will be 40 years old. It is said that Brady always desired to play until he was 40 and he now will be able to do so.
I'm happy for Tom. This deal definitely shows his love and loyalty to the New England organization because he could have very easily asked for more money. According to a league source, this amount of money is less than half of his worth. But the Patriots have stayed competitive over the years and Brady seems to be more focused on another Vince Lombardi, or two, with the talent he will have in New England than the amount of income he receives before he retires. The Patriots caught a major salary cap break from this deal as Tom was ex;ected to count $43.6 million of their cap in 2013 and 2014.
Needless to say Tom Brady has had an amazing career. 3-time SuperBowl Champion, 2-time SuperBowl MVP, 8 ProBowl appearances, 23-time AFC Player of The Week (which is an all-time record), 2009 NFL Comeback Player of the Year, 2005 Sports Illustrated Sportsman of the Year, and the list goes on. So good for you Tom. I'm sure by the end of the 2017 season there will be many other accolades to add to his tremendous list of accomplishments.
Source: Sports Illustrated
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