February 26, 2013
Tom Brady's extension with Patriots includes $57 million guaranteed
By The Sports Xchange
 Patriots quarterback Tom Brady reacts after an incomplete pass against the Ravens during the AFC Championship game at Gillette Stadium in Foxborough, Mass., Jan. 20, 2013. (RAY STUBBLEBINE/Reuters) |
Quarterback Tom Brady and the New England Patriots hammered out a contract extension through the 2017 season, but contrary to initial reports, Brady didn’t exactly accept a home-town discount or leave millions on the table.
Brady’s deal includes $57 million guaranteed, including a $30 million signing bonus and $1 million base salary in 2013.
The “bargain” motive for the Patriots was to reduce his scheduled salary cap charge from $43.6 million combined in 2013 and 2014.
Not including incentives or escalators, Brady’s cap charge dropped significantly to $28.6 million — $13.8 million in 2013 and $14.8 million next season.
Brady can earn $2 million next season in base salary.
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