Mar 10, 2016 4:21 PM
Brady signs new deal, gets $28 million bonus
The Associated Press
FOXBOROUGH, Mass. (AP) Tom Brady's two-year contract extension with the Patriots will give him a $28 million signing bonus and adds $41 million to his deal should he play it out.
Although Brady will earn only $1 million in base salary next season and in 2017, the bonuses will increase his cap hit to $14 million in each of those seasons. His base salary for 2018 and 2019 would be $14 million, with cap hits of $22 million each, although Brady, 38, is likely to redo those deals, too, if he is still playing.
Brady, who says he wants to play well into his 40s, has reworked his contract several times during his career, in which New England has won four Super Bowls and he has two NFL MVP awards.
The main reason to reduce Brady's salaries is to decrease how much he will cost New England against the salary cap. But Brady also could face a reinstatement of his four-game suspension in the deflated footballs saga from the 2014 AFC title game. If that happens, he would lose less than $250,000 in salary.
With the extension, Brady now ranks 14th among quarterbacks in guaranteed money. That puts him behind Super Bowl winners Eli Manning, Aaron Rodgers, Ben Roethlisberger, Drew Brees, Russell Wilson and Joe Flacco. It also trails the likes of Matthew Stafford, Tony Romo and Jay Cutler, none of whom has ever sniffed a Super Bowl.
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