The New England Patriots have clinched their division after going 12-4 this regular season, but in an unselfish move, quarterback Tom Brady helped the team free up more cash for next season.
According to ESPN.com, the star player restructured his contract with the Pats this week week that frees up $24 million to spend this offseason.
Under the new deal, Brady changed the $24 million in “skill” guarantee to only “injury” guarantee, meaning that he’d now get the guaranteed money only if he was injured.
Also, he can now be released by the Patriots without any liability, but he then would become an unrestricted free agent, meaning he can go out on the market and command the same guaranteed money he has agreed to surrender.
However, Brady gets a $1 million bump in each of the three remaining years of the deal. His base salaries will now be $8 million in 2016, $9 million in 2016 and $10 million in 2018.
The move helps the Pats free up cash for to use on other players. They need cash to help re-sign some of its own free agents, including cornerback Darrelle Revis, safety Devin McCourty, tackle Nate Solder and running back Shane Vereen.