Tom Brady Inks Contract Extension With Patriots, Keeping Him There ‘Til 2017
Tom Brady isn't going anywhere for some time, as he's reportedly agreed to a three-year, $27 million contract extension with the New England Patriots.
Reported by ESPN.com, the deal will keep him with New England through the 2017 season, and 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 source.
The deal frees up $15 million worth of salary-cap space for the Patriots in the 2013 and 2014 seasons, a league source told ESPN.
The source said Brady feels that in giving New England this cap flexibility, he trusts the team will add the right players to finish his career with the best chance to win another Super Bowl.