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NE Brady signs contract extension to 2017


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Tom Brady has agreed to a three-year, $27 million contract extension with the New England Patriots, a deal that will keep him with New England through the 2017 season, a league source confirmed to ESPNBoston.com's Mike Reiss.


 

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Mike Reiss has the Patriots blanketed for ESPNBoston.com. Check in for constantly updated coverage. Blog


 

 


 

The extension includes a $3 million signing bonus along with annual salaries of $7 million in 2015, $8 million in 2016 and $9 million in 2017, when Brady will turn 40, according to the source.


 

The modest figures for Brady afford the Patriots substantial salary cap flexibility, as other elite quarterbacks have signed for annual salaries that are twice as lucrative. That will help as New England prepares to deal with the NFL's projected flat salary cap for the coming seasons.


 

Brady and the Patriots started discussing the extension about a month ago, according to the source. Brady was willing to accept this deal, the source said, because of the trust that exists between the two-time NFL MVP and the team.


 

Brady feels that in giving New England this cap flexibility, the source said, he trusts the Patriots will add the right players to finish his career with the best chance to win another Super Bowl.


 

Sports Illustrated reported earlier Monday that Brady and the Patriots had agreed to the extension.


 

Brady, a two-time Super Bowl MVP, passed for 4,827 yards and 34 touchdowns this past season, his 13th with the Patriots.


 

ESPNBoston.com's Mike Reiss, Field Yates contributed to this report.

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amazing how much sh*t bellichick stepped in with this guy. 6th round pick turns into one of the best qb's around for the next 20 years and he takes huge hometown discounts to help his team afford to win. makes me ****ng sick when we have ******* revis trying to make 20 mil/year

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amazing how much sh*t bellichick stepped in with this guy. 6th round pick turns into one of the best qb's around for the next 20 years and he takes huge hometown discounts to help his team afford to win. makes me ****ng sick when we have ******* revis trying to make 20 mil/year

It helps Brady that he's married to someone who makes $40mil a year...it's a lot easier to take less money when your wife makes that much more than you.

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Brady's new deal and how it impacts Jets

February, 25, 2013
Feb 25

7:05

PM ET

By Rich Cimini | ESPNNewYork.com
 


Patriots QB Tom Brady agreed to a three-year, $27 million contract extension on Monday (through 2017). A few quick thoughts from a Jets perspective:

1. CAP ROOM: The biggest impact on the Jets is that it gives the Patriots salary-cap flexibility -- a total of $15 million in cap relief in 2013 and 2014. This will allow them to re-sign their own free agents and be active in the free-agent market.

The biggest beneficiary could be WR Wes Welker, who is due to become an unrestricted free agent. Look for the Patriots to make an immediate play to re-up with Welker. The Jets will have to make sure they're strong at slot-corner, because it looks like Welker will be catching passes from Brady for a few more years.

2. HOLD THE STATUE: This contract will give Jets fans more reason to hate Brady. He's already being lionized for accepting a less-than-market contract, hailed as team-first star in a world of me-first divas. Spare me. While his annual average is certainly below the league's highest-paid quarterbacks -- namely Drew Brees and Peyton Manning -- Brady won't be hurting at all.

If the early reports are correct, the entire deal is guaranteed. Counting the final two years of his old contract, he'll make $60 million over the next five years, according to NFL.com -- a stunning guarantee for a quarterback who will be 40 when the deal expires. So let's hold the parade.

3. THE REVIS FACTOR: Cynical Jets fans, no doubt, will try to spin this against Darrelle Revis. If one of the greatest quarterbacks in history can take one for the team, they will ask, why should Revis demand $16 million a year? Thing is, it's apples and oranges. This is Brady's "retirement" contract; he's already made a few big scores in his career. Revis still is in his prime years; his next contract could be his last big bite at the apple.

4. JUST FOR GIGGLES: A year ago, the Jets gave their starting quarterback -- Mark Sanchez -- a three-year extension for $40 million in "new" money. Brady gets $27 million on a three-year extension. Feel free to discuss.

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Much better this than for Tavon Austin to fall into their lap. That would SUCK.

 

All things being equal, the Patriots have the market cornered on short Welker (assuming he returns) or small frames Llyod and Edelman (assuming he returns).

 receivers.

 

Austin would be nice, but I would like a Anquan Bolden/Torrey Smith who can catch the ball while being mauled.

 

 

That means literally nothing. They are paying him on the back end or under the table with 100% certainty. 

 

Ok.  :sign0103-1:

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That means literally nothing. They are paying him on the back end or under the table with 100% certainty. 

Pretty sure that's against the rules of the CBA and we all know the Pats would never, ever, ever, never do anything to skirt any rules.

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If Tom Brady is willing to take a less than market value deal, Revis should drop this vanity project of his. This isn't entirely apples and oranges when Revis is arguing that his play transcends the pay rate of his position and directly correlates his value on defense to a QB on offense; which is of course ridiculous. Revis should come back to the Jets and take their, I'm sure more than reasonable, offer. If Revis is willing to be the highest paid CB in the league for the next 4 years with mostly guaranteed money, we have a deal tomorrow. This $16 million stuff is what is driving all of the madness, and surely created the trade posturing by the Jets. Revis wants to be paid this offseason, so he has insurance against injury this coming year, and the Jets want to be able to put together a semi-responsible cap situation once again. Revis and Cromartie can both fit on this team if we trim the right kind of fat and hit in the draft. Next year is not a playoff year, but if we are able to land a QB in the next 2 years with a rebuilt roster we can be good again with Revis in his prime. 

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