New England Patriots quarterback Tom Brady is restructuring his contract by giving the team $24 million.
New England Patriots quarterback Tom Brady has been known for being generous with contract extensions, as he agreed to a three-year extension in the 2013 offseason that was worth just $27 million more in money.
He will be restructuring his contract once again by giving the Patriots $24 million in an effort to keep bringing in talent since the Super Bowl window is closing.
Brady was set to make $13 million, $14 million and $15 million from 2015-17, but his cap numbers have been reduced by $6 million per year.
Cornerback Darrelle Revis is expected to be a free agent after this season, but he has a player option, so the Patriots will undoubtedly use that and lock him up for the next few years.
Pro Football Talk reported on Brady’s contract restructuring on Twitter.
Report: Patriots QB Tom Brady restructures contract, gives club added financial flexibility http://t.co/8BEWErAd5H
— ProFootballTalk (@ProFootballTalk) December 29, 2014