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Re: WEEI/Rapoport: Brady deal "imminent" - 3 years, $58M
Land 3.75 acres- Cost $11 mil
House 22,000 sq/ft - Cost $20 mil
Weight Room & Excersize Room
Garage 6 car
Pool Lagoon shaped
Giselle worth $150mil
NICE !!
Anyone have updated pics of Tom & Giselles Mansion? These are April 2010.
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Ok, so this puts Brady's deal at something like $65 Mil over four years. That's about what everyone figgered, no?
'
That would make him the highest paid by average at least temporarily at $16.125M per overall and $19.3M average in new money depending on how you want to spin it.
I think this bandaid option has long been on the table and if anything has changed it would be the guaranteed $$$ payout language or perhaps a slightly higher new money average that would provide bragging rights however briefly. I think he probably wanted the long term deal again, albeit not structured to flat salaries on the backend because that is what killed him in the second half of this deal. However if they can't fully guarantee his money because of the reallocation rule and the only alternative is signing bonus, a short deal is all they can legitimately offer since the level of bonus is tied to the length of any deal. I would imagine they are offering close to half of this money in signing bonus/first year salary (which for all intents and purposes is now banked). His problem in this deal is how to get it extended again in three years or less when he will be 36.
Quote:
Originally Posted by swheeler23
So Brady plays this year for 6.5. the contract doesn't start until next year? What if he is hurt? Isn't he taking all the risk?
Quote:
Originally Posted by signbabybrady
The guarentees would still be guarenteed just the way this is structured Brady doesnt see the money til next year. I am not a capoligist but this is the way I understand it. And I also believe this means none of the dollars get applied until future years which given this to be an uncapped year would seem odd as you could free up some money from the cap in theory. It is still early in the report and we should just wait for miguel to get it straight.
No, because while the extension starts next year the bonus for agreeing to it gets paid this year on top of his existing $6.5M. This has always been the only way to get an extension done for Brady or Manning absent the ability to fully guarantee future earnings.
From a cap standpoint it works OK for the team because 25% of the signing bonus plus $6.5M in present year salary and roster bonus will hit the cap in 2010 insuring that the cap hits over the next three seasons don't top roughly $16M. Assuming a cap in the $130M range going forward that's roughly 12% of cap to the QB, which is Bill's preferred limit.
Again, if signing bonus is used in lieu of fully guaranteed money, which is the only real option they have, it gets paid up front. Nobody signs an extension that pays nothing up front and just plays out the remaining year. It only sounds that way when they talk about retaining the existing year. In normal circumstances that bonus could be split into signing/option as Brady did last time. This time they can't guarantee his option with salary language because of that reallocation rule. So he needs to see essentially all his signing bonus money this season or he's taking the same kind of half assed not fully guaranteed deal that Ferguson and Mangold and likely when the terms are released Revis agreed to. I cannot imagine he or Manning agreeing to. I'm guessing his pure signing bonus money on this deal would be roughly $24M which when added to his existing $6.5M would mean he got a little more than half of his new deal up front (ergo guaranteed).
Paying his signing bonus up front shouldn't be a problem since Vince saw his ($18M) and in his case if they needed flexibility they could have gone the option route since his was essentially a FA signing of a new deal and not an extension. Same deal with Mankins, who while they chose to require he fold in a year at the RFA rate to lower his total average vs. average new money was signing a new deal that could included fully guaranteed money. Brady was the only big deal they faced that remained an extension subject therefore to the restrictive contract structure rules on extending players in an uncapped season. And when I say up front I mean he will see it BEFORE the next league year (they can easily dole it out in 2-3 increments between now and next March and it's still considered paid up front this year - teams do that a lot to ease cash flow).
I believe Brady moved his weekly appearance from Monday to Wednesday this week. It would be awesome if that was because they're announcing the signing today.
It would be awesome indeed. But the fact that D&C were off for the long weekend seems the more likely reason, alas.
Re: WEEI/Rapoport: Brady deal "imminent" - 3 years, $58M
Quote:
Originally Posted by NE39
Of course, WEEI and the Herald had this story first, so Breer got caught with his pants down. Reiss did as well, and he has been silent on it.
I'm optimistic, but also being cautious (the Herald's record on breaking Patriots stories merits some caution, regime change or not).
The fact that someone is telling Breer "not so fast" is worth noting. and I don't get the sense that Reiss would hold off "re-tweeting" news from other sources to save face.
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Last edited by Uncle Rico; 09-07-2010 at 10:13 AM..
Reason: took out radio appearance note, covered by previous psoter
Re: WEEI/Rapoport: Brady deal "imminent" - 3 years, $58M
Great news to hear the Goat will remain with us, but honestly I don't think one Patriots fan was doubtful for a second that this deal wouldn't get done.
Now lock up Moss for 3 years, Welker for a additional 3, In the near future i'd give Edelman a reasonable extension before he can test the market.
O yeah and trade that ungrateful hick Mankins for a draft pick and or pass rusher.
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