Tom Brady Signs New Deal With Patriots, Gets $28M in Bonuses
Following reports that Tom Brady and the New England Patriots had agreed to a contract extension earlier this month, details about the deal have emerged.
According to the AP, the two-year extension gives the 38-year-old quarterback a $28 million signing bonus and adds $41 million to his deal should he play it out.
Brady will earn only $1 million in base salary next season and in 2017, but the bonuses will increase his cap to $14 million in each of those seasons. Then, his base salary for 2018 and 2019 would be $14 million, with cap hits of $22 million each.
By reducing Brady's salaries is to reduce how much it will cost the team against the salary cap.