ESPN and NFL.com report that
Tom Brady has agreed to a three-year, $27 million contract extension with the Patriots, a deal that will keep him with New England through the 2017 season, Sports Illustratedreported Monday.
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 report.
Many will applaud Tom Brady for taking a pay cut for the betterment of the team to stay competitive and be able to sign some big name free agents but the Patriots aren’t known for being big spenders so it remains to be seen if this strategy will pay off. If they don’t resign Wes Welker it may be all for nothing.
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Contract Extension,
New England Patriots,
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Tom Brady