Brady Signs 3 Year Extension

[pbmax]

He signs a 3 year, $27 million extension. Which makes Mark Sanchez look brilliant for getting 3 years and $41 mil last year. It also makes the Jets look foolish, which I am sure Kraft enjoyed. His is signed until he is 40 in 2017.

However, the devil will be in the details. Cap numbers are just accounting devices and don't tell you anything about cash. They also don't tell you about the likelihood of a deal being redone mid contract.

But the real takeaway here, from my perspective, is the guaranteed money. Another site whose link I cannot find again reports it will be in the neighborhood of $41 mil guaranteed.

If paid out over two years, he has gotten a remarkable amount of money upfront (similar to Peyton). In the meantime, just be ready for everyone to look greedy in comparison to a QB with a cap number around $15 mil/year.

As it stands, King is reporting its a $3 million dollar bonus and 3 years salary guaranteed. But something seems to be missing because his base salaries are likely ultra low for the next two years to give New England $15 million of cap relief in 13 and 14. So there must be other bonuses, unreported so far. Base salary in 2015 (Kings 3rd year) is $7 million.

King broke it: http://sportsillustrated.cnn.com/nfl/news/20130225/tom-brady-new-england-patriots-contract/

PFT discusses it: http://profootballtalk.nbcsports.com/2013/02/25/patriots-tom-brady-agree-to-three-year-27-million-extension/

http://profootballtalk.nbcsports.com/2013/02/25/less-money-for-brady-in-the-future-could-get-others-to-take-less-money-now/

Guaranteed number: gregg rosenthal ‏@greggrosenthal
Great work by @SI_PeterKing on Brady deal. Fascinating. Yes, discount. But also indicates $41+ million guaranteed

[Cheesehead Craig]

Rumor is that Brady did this so that way the Pats can get serious about bringing in more talent so they can go to the SB again. It's the kind of talk you hear so often from older players that they just want to win again before they retire but make their salary demands so high it hurts the team. Brady simply did what others should have done. Plus, it's not like his wife doesn't make more than he does anyways, and looks great in a thong.

[pbmax]

Rumor is that Brady did this so that way the Pats can get serious about bringing in more talent so they can go to the SB again. It's the kind of talk you hear so often from older players that they just want to win again before they retire but make their salary demands so high it hurts the team. Brady simply did what others should have done. Plus, it's not like his wife doesn't make more than he does anyways, and looks great in a thong.

Yes, and he certainly doesn't seem to have held NE hostage over this. But as with his previous contract, there seems to be more room for Tom to be paid than is obvious from the announced number and cap figures. Peyton took all kinds of grief yet by the end of their deals, Brady had the higher cap number if memory serves.

Regardless, he has definitely given then cap space during the next two year. Will be surprised if the bonuses aren't actually much larger by the time details emerge.

[Patler]

Athletic careers can be short, so getting as much as you can as soon as you can is understandable. It is only a player who has been around for a long time who can afford to admit that they are being paid exorbitant amounts of money regardless, and few million more will not change their life styles meaningfully, but can change the nature of the teams they play on if they leave that money on the table for the team to use with other players.

Couple that with the tendency for the media and fans to rank players based in large part on the sizes of their contracts, and pride also enters into the negotiations. (Often, the best way for an O- lineman to make the pro-bowl is to sign a new contract). Mostly, only someone whose career has established their position in history apart from their pay can really say that pay doesn't matter.

Brady has achieved both levels. He has made enough money that a few million more won't make a big difference, and his place in history is secure. His SB successes early in his career gave him a huge step-up, and another SB win or two will do more than a larger contract will to earn him consideration as the best ever.

[denverYooper]

Yes, and he certainly doesn't seem to have held NE hostage over this. But as with his previous contract, there seems to be more room for Tom to be paid than is obvious from the announced number and cap figures. Peyton took all kinds of grief yet by the end of their deals, Brady had the higher cap number if memory serves.

Regardless, he has definitely given then cap space during the next two year. Will be surprised if the bonuses aren't actually much larger by the time details emerge.

Sounds not unlike the late 90's Broncos.

[ThunderDan]

On the Dan Patrick show today they were ripping Brady for being the 2nd bread winner in his family.

[pbmax]

Sounds not unlike the late 90's Broncos.

PFT is reporting that everyone else in the League is wondering if that shoe will drop.

[Patler]

Sounds not unlike the late 90's Broncos.


PFT is reporting that everyone else in the League is wondering if that shoe will drop.

So, Brady has an off-season job as a paper machine tender???

[pbmax]

So, Brady has an off-season job as a paper machine tender???

Possibly. Or featherbedding on a locomotive.

PFT reports http://profootballtalk.nbcsports.com/2013/02/26/tom-brady-gets-30-million-to-sign/


Over the next two years, Brady will make $33 million. Which is $3 million more than the $30 million he was due to earn under the prior deal.

And he gets $30 million of it now.

Less money, indeed.

[woodbuck27]

It's a win-win for the Patriots and Tom Brady.

Here's the skinny on the Tom Brady contract extension:

http://bostonherald.com/sports/patriots_nfl/new_england_patriots/2013/02/tom_brady_contract_remains_unique

" One agent who represents several starting quarterbacks deemed the deal as “completely unique,” and a contract that other teams won’t be able to use as leverage with their own negotiations.

“Never been another contract like it in NFL history,” the agent told the Herald after examining the deal."


"...the Patriots quarterback’s new deal is for five years and $57 million, which includes a $30 million signing bonus and essentially guarantees every dollar through the life of the deal. As long as Brady is on the Pats’ roster for the final game of the 2014 regular season, the remaining $24 million is guaranteed from 2015-17.

That’s a nice shake, and Brady’s extension even cut the team a break. His salary cap hit under his previous deal would have been $21.8 million in 2013 and $21.8 million in 2014, but the reworked contract dropped the hit to $13.8 million in 2013 and $14.8 million in 2014."

For you number cruncher lovers here's another look at Tom Brady's new deal:

http://bostonglobe.com/sports/2013/02/27/crunching-numbers-patriots-quarterback-tom-brady-contract-extension/4LIYld7tYQUB8CNXKmMaPM/story.html

[woodbuck27]

Athletic careers can be short, so getting as much as you can as soon as you can is understandable. It is only a player who has been around for a long time who can afford to admit that they are being paid exorbitant amounts of money regardless, and few million more will not change their life styles meaningfully, but can change the nature of the teams they play on if they leave that money on the table for the team to use with other players.

Couple that with the tendency for the media and fans to rank players based in large part on the sizes of their contracts, and pride also enters into the negotiations. (Often, the best way for an O- lineman to make the pro-bowl is to sign a new contract). Mostly, only someone whose career has established their position in history apart from their pay can really say that pay doesn't matter.

Brady has achieved both levels. He has made enough money that a few million more won't make a big difference, and his place in history is secure. His SB successes early in his career gave him a huge step-up, and another SB win or two will do more than a larger contract will to earn him consideration as the best ever.

http://www.nfl.com/news/story/0ap1000000145672/article/tom-brady-we-all-make-way-more-than-our-fair-share

Tom Brady: 'We all make way more than our fair share'

By Marc Sessler ... Around the League Writer... Published: Feb. 27, 2013 at 10:29 a.m

[Teamcheez1]

In summary, the inital reports were erroneous that Tom Brady took a hometown discount. The deal structure may help the Patriots with some salary cap relief, but he didn't take a pay cut after all.

[pbmax]

In summary, the inital reports were erroneous that Tom Brady took a hometown discount. The deal structure may help the Patriots with some salary cap relief, but he didn't take a pay cut after all.

Well, you could argue he did give a hometown discount, esp. in the last 3 years. But that ignores what he got back: guaranteed money. If he is healthy at the end of 2014 and on the roster, its a fully guaranteed contract.

It would be ironic if the owner's victory in the CBA negotiations and the flat cap finally brought "guaranteed" contracts to the NFL. It would be the most sensible thing to do.