Brady's Contract

[mgteich]

We currently pay Brady fifteen million of new money a year. The other $6.8M is bonus money from the past.
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I would presume an extension would be for at least $20 million a year, likely a bit more.
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The current $22M or so year is what we should expect to pay Brady. I'm not sure that back-ending a new contract benefits the team.

We need to get used to the quarterback position costing $22M or so for the next several years, and that's fine.

 

[jmt57]

I would like to think that Brady would agree to a contract that would be south of $22 million per year. The reason he is getting paid as much as he is now is because of restructures that pushed payments into this year and next. Meanwhile the cap has increased only very slightly; by comparison the franchise tage for a QB is $14 million and change.

Brady is still one of the best quarterbacks in the game, but he will be 36 before the season kicks off. If he wants another ring, then it would be in his best interest to agree to a contract that would allow the team to spend money elsewhere in complimentary positions. I don't believe it is (or should be) a foregone conclusion that he be paid $22 million per year.

 

[Kontradiction]

i tink Brody shud play 4 free.Hez throwin pix in teh PLAYOFFS1

 

[Kontradiction]

Now that I have the trollspeak out of my system for the day, I think an extension for Brady is going to be a given in order to free up some cap room. The only question in my mind is whether Brady will live out the life of that contract and retire a Patriot at the end of it, or not.

 

[MoLewisrocks]

Brady's current contract was for 4 years at $72M ($18M per) added onto his remaining year (due $6.5M in roster bonus and salary) on his previous deal for a total of 5 years $78M or $15.7 AAV...

If we now add lets just say for example 3 more years at $20M per onto that deal, it will average $18.3M...

To seal the deal they would likely have to pay him $15M in signing bonus and guarantee $40M+ of the deal. Not a problem because his 2013 money is already guaranteed and his 2014 money will be the last week of the 2013 season. That's $30M+ right there. So you're only guaranteeing $10M more in new money.

There is no need to backend anything. A new deal gives them cap flexibility to structure the hits as they see fit. The backend or new years are all salary or some combination of salary and roster bonus and because Brady is smart and wants to retain control of his destiny likely covered by rolling guarantees similar to those in his present deal. Dead cap if they cut him after year 3 (first of the new years) would be $8M spread over 2 seasons at $4M per.

I do not know why you struggle so with the concept that a new deal for Brady isn't remotely a bad thing. It's a very good thing. This year and beyond.

The longer they wait the higher the market will go. Is it that you simply see him gone in 2 years??

 

[signbabybrady]

I think his contract is in such a crazy spot he is owed so much over the next two years what is his motivation to want to re-up the deal are we really going to give close to 80 mil to a 36 year old guy to take him until he is 40? if we are doubling the years but not at least close to doubling the money again I ask what is his motivation to do this?

 

[Brady2Moss]

I think his contract is in such a crazy spot he is owed so much over the next two years what is his motivation to want to re-up the deal are we really going to give close to 80 mil to a 36 year old guy to take him until he is 40? if we are doubling the years but not at least close to doubling the money again I ask what is his motivation to do this?

LOL why would he want the money doubled? that would be 25-30 million that is absurd. He gets the money anyway and extra money from new guarantees thats the motivation. Brady never seemed like he was chasing the $$ more just trying to take a deal at least somewhat in line with his market value to appease the NFLPA.

 

[signbabybrady]

LOL why would he want the money doubled? that would be 25-30 million that is absurd. He gets the money anyway and extra money from new guarantees thats the motivation. Brady never seemed like he was chasing the $$ more just trying to take a deal at least somewhat in line with his market value to appease the NFLPA.

The remaining money on his deal is all but guarenteed at this point as there is little to zero percent chance he wouldn't collect on both years. that's by what I have read somewhere around 42-45 mil total and I just dont see where there is going to be enough savings for Kraft to want to shell out double that and vice versa if the money isnt being doubled than how much new money is Brady really getting to do the restructure (more specifically how much new in the 2 years he is under control for)? I dont think its Brady chasing the money as much as the inevitable spot we are in by having pushed it back to this point.

 

[Brady2Moss]

The remaining money on his deal is all but guarenteed at this point as there is little to zero percent chance he wouldn't collect on both years. that's by what I have read somewhere around 42-45 mil total and I just dont see where there is going to be enough savings for Kraft to want to shell out double that and vice versa if the money isnt being doubled than how much new money is Brady really getting to do the restructure (more specifically how much new in the 2 years he is under control for)? I dont think its Brady chasing the money as much as the inevitable spot we are in by having pushed it back to this point.

I dont think people are advocating a restructure, just an extension. He can get whatever he thinks is appropriate to both parties probably in the range of 15-20 million dollars a year and I would bet on the lower side if Brady wants to make the team better. Maybe he'll accept a couple million less to keep his buddy Wes around.

 

[mgteich]

I'm fine with extending Brady as soon as possible. Perhaps last year was the right year, perhaps this. $20M a year plus a fifteen million signing bonus makes sense, along with the $40M guarantee (perhaps a bit low). I don't think that a 3 year extension is enough years.

What I am asking about is contract structure. You would add $75M of new money for a 3 year extension. That's fine. For this year and next, Brady is owed $30M of new monies. That seems fair. In addition, for this year and next, we have cap hits of $6.8M and $6.8M from the old contract.

Please correct any misunderstandings and show the cap hits for the 5 years. It would seem that the last two years would be over $25M per year if we were to achieve cap savings this year. It would seem that a cap of $9M this year and $29M in the last couple of years defines back-ending.

Please correct my misunderstandings.

Brady's current contract was for 4 years at $72M ($18M per) added onto his remaining year (due $6.5M in roster bonus and salary) on his previous deal for a total of 5 years $78M or $15.7 AAV...

If we now add lets just say for example 3 more years at $20M per onto that deal, it will average $18.3M...

To seal the deal they would likely have to pay him $15M in signing bonus and guarantee $40M+ of the deal. Not a problem because his 2013 money is already guaranteed and his 2014 money will be the last week of the 2013 season. That's $30M+ right there. So you're only guaranteeing $10M more in new money.

There is no need to backend anything. A new deal gives them cap flexibility to structure the hits as they see fit. The backend or new years are all salary or some combination of salary and roster bonus and because Brady is smart and wants to retain control of his destiny likely covered by rolling guarantees similar to those in his present deal. Dead cap if they cut him after year 3 (first of the new years) would be $8M spread over 2 seasons at $4M per.

I do not know why you struggle so with the concept that a new deal for Brady isn't remotely a bad thing. It's a very good thing. This year and beyond.

The longer they wait the higher the market will go. Is it that you simply see him gone in 2 years??

 

[MoLewisrocks]

I think his contract is in such a crazy spot he is owed so much over the next two years what is his motivation to want to re-up the deal are we really going to give close to 80 mil to a 36 year old guy to take him until he is 40? if we are doubling the years but not at least close to doubling the money again I ask what is his motivation to do this?

What crazy spot is it in? We owe him $31M over the next two seasons. He is on record wanting to play until he is 40, if not longer. Kraft is on record as wanting him to retire a Patriot and remain the Qb here as long as he's productive and he says he trusts Brady will know when the time comes and not screw them over.

Brady's motivation is peace of mind 2 years out. And we're going to give him $90M because that just averages $18M per year... And he'd be going from 2 years $30M to 5 years $90M with more guaranteed money and his remaining money up front. His final year isn't guaranteed until the end of the year before or the beginning of the league year 2017...if he goes out a year early it's a $4M dead cap hit and $16M+ in cap savings... And if he wants to stay another year after that - and they want him to - his tag would be $24M in 2017 when the cap is likely up to $140M+.

 

[MoLewisrocks]

I would like to think that Brady would agree to a contract that would be south of $22 million per year. The reason he is getting paid as much as he is now is because of restructures that pushed payments into this year and next. Meanwhile the cap has increased only very slightly; by comparison the franchise tage for a QB is $14 million and change.

Brady is still one of the best quarterbacks in the game, but he will be 36 before the season kicks off. If he wants another ring, then it would be in his best interest to agree to a contract that would allow the team to spend money elsewhere in complimentary positions. I don't believe it is (or should be) a foregone conclusion that he be paid $22 million per year.

The beauty of doing deals as they have done with him is you get a slight discount on the early bird plus you get to tag it onto the remaining now well undermarket years for cap purposes.

 

[signbabybrady]

What crazy spot is it in? We owe him $31M over the next two seasons. He is on record wanting to play until he is 40, if not longer. Kraft is on record as wanting him to retire a Patriot and remain the Qb here as long as he's productive and he says he trusts Brady will know when the time comes and not screw them over.

Brady's motivation is peace of mind 2 years out. And we're going to give him $90M because that just averages $18M per year... And he'd be going from 2 years $30M to 5 years $90M with more guaranteed money and his remaining money up front. His final year isn't guaranteed until the end of the year before or the beginning of the league year 2017...if he goes out a year early it's a $4M dead cap hit and $16M+ in cap savings... And if he wants to stay another year after that - and they want him to - his tag would be $24M in 2017 when the cap is likely up to $140M+.

I will admit to being way over my head when it comes to the cap than most of you guys and I will start with your statement that we owe him 31 mil over the next two years because I thought he was on the books for 20+ mil each year.

So if we only owe him 31 over the next two years why in the world would Kraft want to add 60 Mil onto that for a guys service 3 and four years from now? he can always tag him in two years and at best that would add 20-25 mil. 3 years at 50-55 mil sounds much better than 5 years at 90 mil especially considering his age.

 

[MoLewisrocks]

I will admit to being way over my head when it comes to the cap than most of you guys and I will start with your statement that we owe him 31 mil over the next two years because I thought he was on the books for 20+ mil each year.

So if we only owe him 31 over the next two years why in the world would Kraft want to add 60 Mil onto that for a guys service 3 and four years from now? he can always tag him in two years and at best that would add 20-25 mil. 3 years at 50-55 mil sounds much better than 5 years at 90 mil especially considering his age.

If they don't restructure him this year for cap space his tag values in 2014 and 2015 would be $26.2M and $31.5M... If they do then his cap hit for 2014 would be $28.8M and his cap hits in 2015 and 2016 would be $34.5M and 41.4M...

That is why in the world Kraft would want to add $60M in salary he'd have to earn 3-5 years from now. Salary is not guaranteed unless they guarantee all or part of it as part of the contract. Brady's last deal included rolling guarantees that kicked in if he was on the roster at the end of the prior season or the beginning of the next. His age has nothing to do with it. Same money Manning and Brees are making only their teams don't have 2 remaining years to spread the bonus amortization over so their deals will hit the cap harder.

 

[Ring 6]

We currently pay Brady fifteen million of new money a year. The other $6.8M is bonus money from the past.
==================
I would presume an extension would be for at least $20 million a year, likely a bit more.
==================
The current $22M or so year is what we should expect to pay Brady. I'm not sure that back-ending a new contract benefits the team.

We need to get used to the quarterback position costing $22M or so for the next several years, and that's fine.

NFL contracts are backloaded. Why would it be a bad idea to backload our largest contract in a league where all contracts are backloaded?

And backloading has a poor connotation here. What we are actually talking about is FRONT LOADING the contract, and spreading the hit of the front loaded bonus across the deal. That ALLOWS you to have lower hits early in the deal.

 

[mgteich]

Backloading is a choice. Structures may be backloaded, frontloaded or relatively even. For example, the contract of Peyton Manning is almost even for the entire term. The cap for Mankins does not go up. In fact, the last year is the lowest cap year. Mayo's cap hit last year was about $9M, the same as at the end of his contract.

One can choose the degree to which you use future cap money for today's services. "Cap-friendly" simply means that we get cap savings now and will pay the cost in the future. We have a quarterback with a $22M cap this year and next. We want to extend him at $20M a year plus bonus. Logic tells me that $22M is not a big cap hit for one year of this contract. Yes, we have the choice of monies to the end through fake years that they player never gets. I don't think that Brady is interested.

Obviously, we could spread this year's salary and bonus over the life of the contract. We would gain about ten million. I presume a 5 year extension. A 3 year extension is hardly worth the effort. We'd just back discussing this again in a couple of years.

NFL contracts are backloaded. Why would it be a bad idea to backload our largest contract in a league where all contracts are backloaded?

And backloading has a poor connotation here. What we are actually talking about is FRONT LOADING the contract, and spreading the hit of the front loaded bonus across the deal. That ALLOWS you to have lower hits early in the deal.

 

[signbabybrady]

If they don't restructure him this year for cap space his tag values in 2014 and 2015 would be $26.2M and $31.5M... If they do then his cap hit for 2014 would be $28.8M and his cap hits in 2015 and 2016 would be $34.5M and 41.4M...

That is why in the world Kraft would want to add $60M in salary he'd have to earn 3-5 years from now. Salary is not guaranteed unless they guarantee all or part of it as part of the contract. Brady's last deal included rolling guarantees that kicked in if he was on the roster at the end of the prior season or the beginning of the next. His age has nothing to do with it. Same money Manning and Brees are making only their teams don't have 2 remaining years to spread the bonus amortization over so their deals will hit the cap harder.

I thought he is under contract through 2014? why would we be talking tag values for that year?

As I understand it Brady is owed around 21 mil for this season 2013 and a similar number for 2014. I know salaries are not guarenteed in football but you can all but guarentee Brady would be able to command close to 20 mil almost regardless of what happens (see Manning missing a year and having major kneck surgery as evidence). So again why would he want to defer money into future years when the money is here now and will be there again in 2 years.

Same thing can be said for Kraft he is on the books for 40 to Tom he might be able to get a little relief from that this season but in order to do so he would need to add 20-40mil to the total payment which he could just wait to do as well and not see the minor savings.

I am not saying that you cant find the space and a logical deal but I am saying that given the amount of money we are talking about I am not sure it is really worth it for either side probably much more so on Kraft.

 

[signbabybrady]

Let me see if I can try and explain my view point better.

To me there are a few variables that are key to the renegotiation.

1) total money owed Tom for the final two years.
2) Cap charge for this upcoming season.
3) Check Kraft would have to hand to Tom in order to add years to the deal

From Toms perspective he has X in his pocket already and you can give him what would be his next contract now to try and reduce some of the hit of X on this years cap charge. But how big of a check does Kraft have to cut right now in order to balance what you are taking from X to create the cap savings this year.

 

[voluntarysaftey]

I would not want to give brady 2-3 more years at 15-20million/year just to further backload the next two years cap a bit more evenly.

Let Brady show he can still play at a high level for the next 2 years before giving him 1 or 2 more.

 

[kennyb]

Brady SHOULD be willing to give the Pats two more years at 15M per with no signing bonus. Just guarantee next year's and then spread that over the remaining and his cap hit would go down.

Brady has made enough money from them and he hasn't won a SB in how many years? Not saying he shouldn't be well paid, but 15M is pretty well paid even by NFL standards. I think he wants a ring more than money at this point anyway.