Tom Brady to get contract extension until 2018

1

It was a stark contrast against Peyton Manning’s retirement from the NFL as 38-year old Tom Brady registers a new contract in the league with the New England Patriots.

In what appears to be a biennial NFL tradition built on trust between team and player, the quarterback who had shared a longtime rivalry with Manning has reportedly signed a two-year deal that ends at 2018.

While most would take the drop of his base salary from the original $9 million to $1 million as a slight, there should be more notice paid to his salary cap for the next two years.

This means that Brady receives an immediate raise through signing bonuses in the $19 million for the next two seasons to $30 million, coupled with a promised exponential spike in 2018 and 2019 that may well rocket past the $40 million mark.

He will also get some insurance against a pending NFL appeal of his overturned suspension. Under his old contract, an unpaid four-game suspension would have cost him more than $2 million in salary.

On the other hand, reworked makes the cost just a couple hundred thousand, avoided by the fact that vast majority of his 2016 income comes in the form of bonuses.

There would be plenty of time for both parties to rework the deal too, should those numbers becoming ill-fitting against the Patriots’ team building. However, it is a very reasonable deal to keep one of the best quarterbacks ever, which ultimately wouldn’t have come to fruition without the trust.

Start a Conversation

Your email address will not be published. Required fields are marked *