Tom Brady signs extension with Patriots (merge)

[Superman]

Guess I didn't read close enough. Hopefully they can use the space to re-sign Welker or bring in some other receiver like Harvin or Jennings.

 

I think they will keep Welker now. I figure he and Brady have a conversation, and Welker takes a team-friendly deal as well. Brady certainly set the precedent with this extension.

 

Then the team can keep Talib and Vollmer.

 

This is a really big deal for the Patriots, and Brady comes off smelling like roses. Good on him. I wish some of the resident Pats fans (I use the plural form loosely) would be less obnoxious about this, especially with regard to how this relates to Peyton Manning. But there's no doubt that Brady took one for the team. Welker ought to follow suit.

[amfootball]

This is incorrect. The dates and structure of Manning's last contract with the Colts made restructuring impossible.

 

Also, the Patriots don't have the #1 pick in the draft the same year that the best quarterback prospect in 15 years is coming out of college. It's not the same situation.

 

Kudos to Brady. This is him finally doing what people have been giving him credit for doing over the past several years. While he's not "giving money back," nor is he "taking less money," he is taking a below market contract value over the course of the next five years. He's also getting two more years on his contract, so there's a benefit to him. I'm sure he'd rather negotiate his final two years at age 35 than at age 38. And there's also a benefit to his team, which might allow them to keep the players they need and maybe sign another player or two over the next couple of years.

Well stated Superman. I apoloize for comments on Manning. My glee got the best of me.

 

It has been a long time coming for Brady and this type of recognition. He obviously wanted to ensure he stayed a Patriot and as a Pats fan that really means something to me and other fans I am sure. In this day and age where it is get all you can get from who you can, Brady is refreshing in his approach. I really would like to meet his parents some day.

[supremecoltsfan300]

It works out for both parties. Brady is still getting paid.....but in a way to manipulate the cap to free up space, and he now has some security over the next years contract wise. NE sure does have some of the best Cap-guys

[Mameluc]

I agree. I love Luck. Best rookie QB IMO. That being said, Manning had a chance to stay if he would have restructured like Brady just did. No way Irsay could have released him. No way without the wrath of Colts nation.

ik dont think so... i think irsay made his mind up nothing wrong with that. i really dont think he had any chance even with restructuring that he would stay..

 

 

how do we even know that wasnt proppossed anyways?

[Mameluc]

I think they will keep Welker now. I figure he and Brady have a conversation, and Welker takes a team-friendly deal as well. Brady certainly set the precedent with this extension.

 

Then the team can keep Talib and Vollmer.

 

This is a really big deal for the Patriots, and Brady comes off smelling like roses. Good on him. I wish some of the resident Pats fans (I use the plural form loosely) would be less obnoxious about this, especially with regard to how this relates to Peyton Manning. But there's no doubt that Brady took one for the team. Welker ought to follow suit.

i agree and they better resign volmmer and talib they need both of them IMO

[amfootball]

ik dont think so... i think irsay made his mind up nothing wrong with that. i really dont think he had any chance even with restructuring that he would stay..

 

 

how do we even know that wasnt proppossed anyways?

We will never know. But I think it was your columnist at the Star that kept harping on the money the Colts owned Manning as soon as the season ended. It is hard not to imagine Irsay keeping both Manning and Luck if Manning waived that money and restructured.

[Mameluc]

This is one of the few times when the player actually does both.

 

He gets three extra years, and his cap hits in 2013 and 2014 go from $21.8m each year down to $13.8m and $14.8m, respectively. So they just gained $8m in cap space in 2013, and $7m in 2014.

 

They also did away with $5.25m in roster and workout bonuses for 2013. He got a $3m signing bonus. So, to correct my previous post, he actually is taking less money over the next two years than he would have. But he has the three extra years as well. I'm not sure what the guarantees are on any of those base salaries from 2013 to 2017, but there's definitely more security for Brady moving forward.

from what i understand he 41 million guaranted over the new deal (5 years?)

[Superman]

from what i understand he 41 million guaranted over the new deal (5 years?)

Just saw a report that suggests it might be fully guaranteed. There might be some injury considerations or so-called likely to be paid compensation along the way, like with Brees contract. But it seems pretty obvious that the guarantees over the next couple years make up for Brady trimming his compensation in 2013.

I'm looking forward to more details.

[amfootball]

Just saw a report that suggests it might be fully guaranteed. There might be some injury considerations or so-called likely to be paid compensation along the way, like with Brees contract. But it seems pretty obvious that the guarantees over the next couple years make up for Brady trimming his compensation in 2013.

I'm looking forward to more details.

You do realize the 41 is lower than what he could have commanded in just a signing bonus alone and is lower than what Flacco wants for a signing bonus? I would be SHOCKED if the money was not guaranteed given he agreed to $27 mil over three years...

[Superman]

Two side points: This restructuring affects the tag values for quarterbacks (Flacco), and might affect the total values moving forward.

Secondly, I was wondering if the new CBA rookie compensation would have an impact on veteran contracts. I think this might be an indication of that. Rookie contracts at the top of the first round are fully guaranteed, with no offsets. If Andrew Luck's money is guaranteed for the next three or possibly four years, why shouldn't Tom Brady's be?

This is a very interesting contract.

[Superman]

You do realize the 41 is lower than what he could have commanded in just a signing bonus alone and is lower than what Flacco wants for a signing bonus? I would be SHOCKED if the money was not guaranteed given he agreed to $27 mil over three years...

Where are you getting the idea that Flacco wants more than $41m in bonus money? And what makes you think Brady would command more than that? Brees got $37m, and had to kick and scream for that. And he was three years younger than Brady is now.

Fully guaranteeing the contract is the Patriots give here, and definitely makes sense. But it's unprecedented, as far as I know.

[amfootball]

Where are you getting the idea that Flacco wants more than $41m in bonus money? And what makes you think Brady would command more than that? Brees got $37m, and had to kick and scream for that. And he was three years younger than Brady is now.

Fully guaranteeing the contract is the Patriots give here, and definitely makes sense. But it's unprecedented, as far as I know.

Flacco wants more than Brees. He had to kick and scream because he is 34. Flacco is 5 years younger. Of course Brady would have commanded more than that, are you saying he is not worth more than Brees and Flacco?

[amfootball]

It is all guaranteed, here are more details:

 

Heard a contract extension for Tom Brady was likely at some point at the NFL Scouting Combine, but I'm amazed it came together this quick.

 

Brady took cut-rate value to help benefit the team as a whole. There was no waiting to see where Joe Flacco or Aaron Rodgers would come in over $20 million per year.

 

Brady went right underneath everybody and basically agreed to a fully-guaranteed five-year, $60 million contract, sources confirmed, that will take him to 40 years old.

 

What will it mean? We'll have more in Tuesday's Globe, but a few quick thoughts:

 

• Wes Welker should be the next to get an extension and it could be done by the start of free agency. Wouldn't be surprised if Brady made this a handshake part of his deal;
• 
  
• The Patriots like cornerback Aqib Talib and want him back, but it would be a surprise to see a multi-year deal done before free agency;
• 
  
• At this point, it looks unlikely that the Patriots will use the franchise tag, league sources said, but that could change once the organization regroups following the combine. The stretched out league schedule has changed the rhythm of decisions;
• 
  
• The Patriots could very well use the transition tag -- right of refusal and no compensation, as opposed to two first-round picks with the franchise tag -- on Talib and save about $1.7 million. NFL teams in Indianapolis are talking more about this possibility, and the Patriots could be involved;
• 
  
• It's now a matter of when, not if, backup quarterback Ryan Mallett will be traded. With little good tape on him, it's going to be tough for the Patriots to get what they want, which, considering he's a third-round pick with two years development invested, would at least be a second-round pick if not a first-rounder. Hard to see a team giving that up at this point. But with a weak quarterback draft class, this is the perfect time;
• 
  
• The Patriots are expected to be active on the free-agent market at cornerback, receiver and defensive end. Brady's deal gives them a lot more room.

[Jules]

NFL: AroundTheLeague ‏@NFL_ATL

. @RapSheet and @AlbertBreer report all of Brady's contract is guaranteed. $60 million. Have to see details but that's rather significant.

 

NFL: AroundTheLeague ‏@NFL_ATL

4 takes from Brady's deal: On guaranteed money, Flacco fallout, and more http://www.nfl.com/news/story/0ap1000000145193/article/tom-brady-contract-fallout-dont-expect-it-to-hurt-joe-flacco?campaign=Twitter_atl …

 

Andrew Brandt ‏@adbrandt

Brady deal is going to be all about the guarantee. If fully guaranteed, it will match the Brees level.

 

Andrew Brandt ‏@adbrandt

Re questions on Peyton, once he passes 2013 physical he activates $40M guaranteed, adding to the $18M he made last year.

[Superman]

Flacco wants more than Brees. He had to kick and scream because he is 34. Flacco is 5 years younger. Of course Brady would have commanded more than that, are you saying he is not worth more than Brees and Flacco?

 

Umm, worth is a very fluid concept in the NFL. I don't think Flacco is worth what he's reportedly asking for. From what I've heard, he's asking for the same money as Brees, not more. I think Flacco is a $15m/year type player, and he's taking advantage of favorable circumstance. If I were running the Ravens, I'd roll the dice by tagging him for the year and see where we stand next year, especially now that the tag values are lower than expected. I wouldn't be giving him $20m/year.

 

And Brees contract takes him through age 37.  Brady's new deal takes him through age 40. Brees signed his deal at 33. Brady is signing his at 36. There's no straight-across correlation between what each player is worth.

 

As a true free agent, I'm sure Brady would have commanded more than he's getting now. This is very clearly a below market contract in terms of average and upfront bonuses. But if it is fully guaranteed, then it's right in line with what Brees and Manning got last year (taking Manning's triggers into consideration, he's guaranteed $60m for the first three years, but his contract is potentially fully guaranteed). And for an NFL player to have a fully guaranteed contract that takes him through to age 40 is unheard of.

[jvan1973]

<p>

It is all guaranteed, here are more details:

Heard a contract extension for Tom Brady was likely at some point at the NFL Scouting Combine, but I'm amazed it came together this quick.

Brady took cut-rate value to help benefit the team as a whole. There was no waiting to see where Joe Flacco or Aaron Rodgers would come in over $20 million per year.

Brady went right underneath everybody and basically agreed to a fully-guaranteed five-year, $60 million contract, sources confirmed, that will take him to 40 years old.

What will it mean? We'll have more in Tuesday's Globe, but a few quick thoughts:

• Wes Welker should be the next to get an extension and it could be done by the start of free agency. Wouldn't be surprised if Brady made this a handshake part of his deal;
• The Patriots like cornerback Aqib Talib and want him back, but it would be a surprise to see a multi-year deal done before free agency;
• At this point, it looks unlikely that the Patriots will use the franchise tag, league sources said, but that could change once the organization regroups following the combine. The stretched out league schedule has changed the rhythm of decisions;
• The Patriots could very well use the transition tag -- right of refusal and no compensation, as opposed to two first-round picks with the franchise tag -- on Talib and save about $1.7 million. NFL teams in Indianapolis are talking more about this possibility, and the Patriots could be involved;
• It's now a matter of when, not if, backup quarterback Ryan Mallett will be traded. With little good tape on him, it's going to be tough for the Patriots to get what they want, which, considering he's a third-round pick with two years development invested, would at least be a second-round pick if not a first-rounder. Hard to see a team giving that up at this point. But with a weak quarterback draft class, this is the perfect time;
• The Patriots are expected to be active on the free-agent market at cornerback, receiver and defensive end. Brady's deal gives them a lot more room.

Fully guaranteed. So if he has a career ending injury in week one this year, they still have to pay him the full 60 mill. That is pretty risky for a qb that is 35. no wonder he signed it. Has anyone ever been guaranteed that much money?

[amfootball]

Umm, worth is a very fluid concept in the NFL. I don't think Flacco is worth what he's reportedly asking for. From what I've heard, he's asking for the same money as Brees, not more. I think Flacco is a $15m/year type player, and he's taking advantage of favorable circumstance. If I were running the Ravens, I'd roll the dice by tagging him for the year and see where we stand next year, especially now that the tag values are lower than expected. I wouldn't be giving him $20m/year.

 

And Brees contract takes him through age 37.  Brady's new deal takes him through age 40. Brees signed his deal at 33. Brady is signing his at 36. There's no straight-across correlation between what each player is worth.

 

As a true free agent, I'm sure Brady would have commanded more than he's getting now. This is very clearly a below market contract in terms of average and upfront bonuses. But if it is fully guaranteed, then it's right in line with what Brees and Manning got last year (taking Manning's triggers into consideration, he's guaranteed $60m for the first three years, but his contract is potentially fully guaranteed). And for an NFL player to have a fully guaranteed contract that takes him through to age 40 is unheard of.

yes, it is well below market value as it is over five years. But let's not be naive, the Pats can choose to cut him at any point and paying that level of money is not a biggie as it is so cap friendly. This is a win/win for everyone but especially the fans. It really just proves what I have believed for many years now, the patriots are the best run franchise in the history of the cap/FA era. Everyone comes to the table to get something done to remain competitive for championships. It really starts with Kraft who was a fan himself decades before becoming owner.

[jvan1973]

yes, it is well below market value as it is over five years. But let's not be naive, the Pats can choose to cut him at any point and paying that level of money is not a biggie as it is so cap friendly. This is a win/win for everyone but especially the fans. It really just proves what I have believed for many years now, the patriots are the best run franchise in the history of the cap/FA era. Everyone comes to the table to get something done to remain competitive for championships. It really starts with Kraft who was a fan himself decades before becoming owner.

If they cut him, the remainder of the money is dead the following year. All of it the next season

[amfootball]

Fully guaranteed. So if he has a career ending injury in week one this year, they still have to pay him the full 60 mill. That is pretty risky for a qb that is 35. no wonder he signed it. Has anyone ever been guaranteed that much money?

With the new rules on QBs very unlikely. Plus with the new surgeries, no such thing as career ending injuries anymore. It is a saft deal for the Pats org.

[Superman]

Fully guaranteed. So if he has a career ending injury in week one this year, they still have to pay him the full 60 mill. That is pretty risky for a qb that is 35. no wonder he signed it. Has anyone ever been guaranteed that much money?

 

Devil is in the details. There could still be injury clauses that protect the team.

[jvan1973]

With the new rules on QBs very unlikely. Plus with the new surgeries, no such thing as career ending injuries anymore. It is a saft deal for the Pats org.

There are many injuries that can be career enders

[DILLIGAFER]

Holy cow!! Brady IS so the man. Come on now, give it UP!!! GIVE IT UP!!! To the best QB of his generation and ALL TIME. No one does this. And he is doing it for the SECOND time. Everyone says they are a team guy, Brady LIVES it.

.. no he isnt and your love affair with Brady is worrisome.

[jvan1973]

Devil is in the details. There could still be injury clauses that protect the team.

If there are injury clauses, how is it guaranteed?

[amfootball]

 

Let's also be realistic here. Brady could have kept his current two year deal that would have paid him more than 20 mil a year. Said see you later and have the Jets, Dolphins, Bills pay him $30 mil a year for the next three years ala Favre. Fact is Brady wants to remain a Patriot and the team believes he can play well until age 40.

[jvan1973]

Let's also be realistic here. Brady could have kept his current two year deal that would have paid him more than 20 mil a year. Said see you later and have the Jets, Dolphins, Bills pay him $30 mil a year for the next three years ala Favre. Fact is Brady wants to remain a Patriot and the team believes he can play well until age 40.

No one would pay him 30 million a year at 27 let alone 37. Get a grip

[amfootball]

.. no he isnt and your love affair with Brady is worrisome.

I know it is but I can't help it. Just when I think I have seen the greatest there is from Brady he does this. I really would like to meet his parents some day.

[jvan1973]

I know it is but I can't help it. Just when I think I have seen the greatest there is from Brady he does this. I really would like to meet his parents some day.

Someone alert the brady family.

[amfootball]

No one would pay him 30 million a year at 27 let alone 37. Get a grip

I was kidding. They would pay him more than 9 though.

[Superman]

yes, it is well below market value as it is over five years. But let's not be naive, the Pats can choose to cut him at any point and paying that level of money is not a biggie as it is so cap friendly. This is a win/win for everyone but especially the fans. It really just proves what I have believed for many years now, the patriots are the best run franchise in the history of the cap/FA era. Everyone comes to the table to get something done to remain competitive for championships. It really starts with Kraft who was a fan himself decades before becoming owner.

 

Holy... You're gonna pull your arm out of its socket with the way you're patting yourself on the back over there.

 

Yes, the Pats are generally a well-run franchise, and Kraft is a great owner. But you're officially gushing, and this isn't a Pats forum.

[ReMeDy]

Meanwhile, Flacco and his agent are stating why he should be the highest paid NFL QB. Good to see what his priorities are!

[amfootball]

Holy... You're gonna pull your arm out of its socket with the way you're patting yourself on the back over there.

 

Yes, the Pats are generally a well-run franchise, and Kraft is a great owner. But you're officially gushing, and this isn't a Pats forum.

i can't stand Pats fans that why I am here. :-)

[Superman]

If there are injury clauses, how is it guaranteed?

 

Just saying, no one has seen the contract yet. Often contracts are reported with guaranteed money that isn't really guaranteed, like Brees' $60m guaranteed. Only $40m is actually guaranteed, and there's another $20m likely to be paid. Manning's 2015 salary becomes guaranteed if he's on the roster at the end of the 2014 season. The final four years of Brady's contract might be triggered as guaranteed along the way. I don't know. It sounds like it's guaranteed, no two ways about it.

[Superman]

i can't stand Pats fans that why I am here. :-)

 

We have that in common...

 

Just kidding, mostly. But don't wonder when you're pegged as Pats homer and not taken seriously. This is why.

[amfootball]

We have that in common...

 

Just kidding, mostly. But don't wonder when you're pegged as Pats homer and not taken seriously. This is why.

Come on now. I have had some great discussions on these threads. I appreciate much of the football knowledge here when the threads don't disintegrate into silliness. There are many Colts homers on here as I would suspect and I don't take them less seriously. I can appreciate the passion that sometimes borders irrationality. But that is what being a fan is all about at times.

[Superman]

With the new rules on QBs very unlikely. Plus with the new surgeries, no such thing as career ending injuries anymore. It is a saft deal for the Pats org.

 

At the risk of being morbid, Brady could be rendered incapable of performing in a number of ways. He could be paralyzed in a car accident. The Pats would still be on the hook for the remainder of the contract. If something crazy happened, and they released him after 2013, $45.2m would accelerate onto the cap. They could spread that out over a couple years, but that's still pretty tough for any team to handle from one contract. Manning's dead hit in 2012 was $10.4m, less than a fourth of that number.

 

All that is pretty unlikely, but there is risk inherent in this contract for the team. There always is when you're guaranteeing money for the next five seasons.

[amfootball]

At the risk of being morbid, Brady could be rendered incapable of performing in a number of ways. He could be paralyzed in a car accident. The Pats would still be on the hook for the remainder of the contract. If something crazy happened, and they released him after 2013, $45.2m would accelerate onto the cap. They could spread that out over a couple years, but that's still pretty tough for any team to handle from one contract. Manning's dead hit in 2012 was $10.4m, less than a fourth of that number.

 

All that is pretty unlikely, but there is risk inherent in this contract for the team. There always is when you're guaranteeing money for the next five seasons.

Sure. I mean all of us can die at any moment but I am sure there is some protection in the contract for the Pats. They are pretty good at these things. It still ends up being 12mil/year. Mind boggling. I can't believe he signed that. I am with you at him wanting to play until he is 40. But he could have totally left after these two years and signed one year mega deals for the rest of his career like Favre did.

[Mameluc]

yes, it is well below market value as it is over five years. But let's not be naive, the Pats can choose to cut him at any point and paying that level of money is not a biggie as it is so cap friendly. This is a win/win for everyone but especially the fans. It really just proves what I have believed for many years now, the patriots are the best run franchise in the history of the cap/FA era. Everyone comes to the table to get something done to remain competitive for championships. It really starts with Kraft who was a fan himself decades before becoming owner.

so

a) there is no out clause...he gets injured or whatever you take the full cap hit i believe?

b) he is getting 60 milliion in gurantees...PM if passes physical will be getting 58 millions guranteed -- less than all mighty savior of the poor and fair Brady

c) if he is getting more than Manning and similar to Brees ...why are we talking about him being such a great team guy and no one has ever done that_?

am i missunderstanding something here people? honest question to anyone

[DILLIGAFER]

I agree. I love Luck. Best rookie QB IMO. That being said, Manning had a chance to stay if he would have restructured like Brady just did. No way Irsay could have released him. No way without the wrath of Colts nation.

Lord, do you know anything about the Irsay/Manning saga or do you just blurt out any load of anti Peyton rhetoric you can come up with, be it factual or not?? Wow. Smh

[Superman]

Sure. I mean all of us can die at any moment but I am sure there is some protection in the contract for the Pats. They are pretty good at these things. It still ends up being 12mil/year. Mind boggling. I can't believe he signed that. I am with you at him wanting to play until he is 40. But he could have totally left after these two years and signed one year mega deals for the rest of his career like Favre did.

 

Perception = reality. Brett Favre signed with the Vikings for two years, $25m. Basically the same average on Brady's five year contract, at the same age for the last two years. And Favre hadn't missed a start in 17+ years when he signed that deal.

 

And if the contract is fully guaranteed with no out clauses for the Pats, as it's being reported, then there is no protection. There might be insurance that allows them to recoup some of the cash value of the contract, but they'd still be stuck with a dead cap hit moving forward.

[dw49]

Oh dw49 where are you? Care to now discuss the Pats off-season and their now wide open cap space? LOL!

 

 

I'm never one to hide. I made several posts saying it was near impossible for the Pats to extend him in order to save cap space. Never did I even consider something even remotely similar to the deal he signed. Nice that there is a player that wants to share money that he's entitled to and he's also saying "*" to the players association.