Brady agrees to cap-friendly new deal with Patriots.
The New England Patriots have agreed a new three-year extension with quarterback Tom Brady, as reported on NFL.com.
The new deal is likely to see Brady end his illustrious career with the Patriots, and again sees him earn less than what he could have expected elsewhere.
The future Hall of Fame quarterback will be 40 when his new deal ends in 2017, and due to the financial aspects which see him earn just $27 million over the three years, he will also provide the Patriots with massive cap relief.
SI.com’s Peter King reports that Brady received a signing bonus of $3 million, along with base salaries of $7 million, $8 million and $9 million in 2015-17 respectively.
This would mark the second time in his career that he has agreed to such a deal, after making a similar move back in 2005 in a bid to ensure the Patriots stayed competitive.
Brady, has been New England’s starter since 2001, and is evidently looking to help boost their chances of having another go at winning a title while he is still on the field.
New England will now be hoping to build a team capable of winning their first Super Bowl since 2004, with Brady’s sacrifice allowing them to draft in further reinforcements.
The Patriots have several key free agents this year, including wide receiver Wes Welker, tackle Sebastian Vollmer and cornerback Aqib Talib.
Brady’s new deal will undoubtedly make it easier for New England to hold on to those players as well as giving them the room and opportunity to add to the roster.