Tom Brady Restructures Contract - shifts $24 million

[rochrist]

Honestly, you're not the 1st to point out mistakes, It's not meant to be a biography. Just making a point That the guy isn't a thug, seems to be the exact opposite actually.

I agree actually, I just wondered because I hadn't noticed that before.

 

[Mark12]

The most selfless (and favorite) athlete in Boston since Larry Legend. This guy gets it. If BB doesn't capitalize now, then get the pitchforks ready

Tom Brady > Larry bird

In my opinion. Especially if he wins a 4th

 

[English Patriot]

Brady is a god

 

[Hammer of Thor]

Why would Brady give up his last bit of leverage to not be cut? So that Kraft frees up some money in escrow? That doesn't make much sense. 24mil ain't much for a billion dollar team.

Cash flow is the lifeblood of any organization. They need the cash for signing bonuses in March -- there's a reason why the season ticket renewals need to be in by then (I think). TV money gets paid year-round I believe.

It's very possible that Revis gets a $15M signing bonus and McCourty gets a $15M signing bonus for their new deals. Nobody has $30M in cash just lying around. Takes a long time to liquidate. The less season-ticket cash that needs to stay in escrow for Brady, the easier it is to pay large bonuses.

 

[Kontradiction]

Meanwhile, in Chicago, the Bears are backing up the Brinks truck for this...

 

[patsinthesnow]

Ok, so people around here think now if Brady is cut there is no cap hit.

Does this mean also if we traded Brady we would net cap savings instead of a
Huge hit from the 24
Mil gtd? This is weird. Did Brady just become the most tradeable asset in football?

Why did he do this, confused.

 

[Deus Irae]

Ok, so people around here think now if Brady is cut there is no cap hit.

Does this mean also if we traded Brady we would net cap savings instead of a
Huge hit from the 24
Mil gtd? This is weird. Did Brady just become the most tradeable asset in football?

Why did he do this, confused.

That's why we need to see the details

 

[Mark12]

Ok, so people around here think now if Brady is cut there is no cap hit.

Does this mean also if we traded Brady we would net cap savings instead of a
Huge hit from the 24
Mil gtd? This is weird. Did Brady just become the most tradeable asset in football?

Why did he do this, confused.

Yes, yes, and yes.

Why did he do this? Who knows. But I'm sure that Brady is pretty confident in his skill going forward. I also can't see the pats cutting Brady. No way Mr. Kraft allows it. I obviously could be wrong.

I hope we resign all Our key players and solidify the O-line. Brady deserves it.

 

[RobertWeathers]

Cash flow is the lifeblood of any organization. They need the cash for signing bonuses in March -- there's a reason why the season ticket renewals need to be in by then (I think). TV money gets paid year-round I believe.

It's very possible that Revis gets a $15M signing bonus and McCourty gets a $15M signing bonus for their new deals. Nobody has $30M in cash just lying around. Takes a long time to liquidate. The less season-ticket cash that needs to stay in escrow for Brady, the easier it is to pay large bonuses.

Yes but the team can always get bridge loans, etc.

 

[Hammer of Thor]

Ok, so people around here think now if Brady is cut there is no cap hit.

Does this mean also if we traded Brady we would net cap savings instead of a
Huge hit from the 24
Mil gtd? This is weird. Did Brady just become the most tradeable asset in football?

Why did he do this, confused.

Without any further details, the best guess I can come up with is what I wrote above. It's a good-faith move by Brady to ensure that the team has the ~$30M in cash needed to pay signing bonuses for Revis' and McCourty's long-term extensions, and/or signing bonuses for Solder, Jones, and Hightower extensions.

 

[English Patriot]

Not only does he deserve an o-line, he deserves a megatron like receiver for everything he has done. The way Denver has done for Peyton with guys like Demaryius and Sanders

 

[Hammer of Thor]

Yes but the team can always get bridge loans, etc.

True, but why pay any interest if the player is willing to give it all away for free?....

Edit: I honestly have no idea how much debt service they have on the stadium. Maybe they are tapped out for reasonable loan amounts because of it -- with the planned new construction in the stadium - and thus the interest rate would otherwise be high for a bridge loan? Just speculation though.

 

[luuked]

Cash flow is the lifeblood of any organization. They need the cash for signing bonuses in March -- there's a reason why the season ticket renewals need to be in by then (I think). TV money gets paid year-round I believe.

It's very possible that Revis gets a $15M signing bonus and McCourty gets a $15M signing bonus for their new deals. Nobody has $30M in cash just lying around. Takes a long time to liquidate. The less season-ticket cash that needs to stay in escrow for Brady, the easier it is to pay large bonuses.

That's actually a good point and something I often have trouble with.

Does Kraft really have most of his money tied up in some kind of investments/assets so he can't put together 30 million dollars within a few weeks ? I am seriously asking the question. Since I am not a crazily wealthy person I have no idea about "problems" like that.

 

[bigballas]

Ok, so people around here think now if Brady is cut there is no cap hit.

Does this mean also if we traded Brady we would net cap savings instead of a
Huge hit from the 24
Mil gtd? This is weird. Did Brady just become the most tradeable asset in football?

Why did he do this, confused.

why did he do this? to set up this:

brady and mcd traded to 49ers. brady get his 5th ring in super bowl 50 at levi stadium, his hometown and home of the 49ers..montana comes down from the stands and bows to brady and brady rides of into the sunset. McDaniels goes back to calling deep balls on 3rd and 1 and draws up the middle with a passing down RB on 3rd and long...

 

[rochrist]

Not only does he deserve an o-line, he deserves a megatron like receiver for everything he has done. The way Denver has done for Peyton with guys like Demaryius and Sanders

Can we not do that particular inanity again?

 

[patsinthesnow]

@patscap: Before this move cutting a healthy Brady before 6/2/15 would cause $42m to hit the 2015 cap. now 18m.

 

[shmessy]

The Tim Duncan of Professional Football.

He's definitely the anti-Logan Mankins!

 

[Marinlik]

Why would Brady give up his last bit of leverage to not be cut? So that Kraft frees up some money in escrow? That doesn't make much sense. 24mil ain't much for a billion dollar team.

Wouldn't this help Brady if Garopolo gets the starting job as we then could afford to release or trade him? Would allow him to go to another team and start.

Would make it easier for him to start for some other team and not tie him to the pats, starter or bench.

 

[shmessy]

The most selfless (and favorite) athlete in Boston since Larry Legend. This guy gets it. If BB doesn't capitalize now, then get the pitchforks ready

Larry Legend wasn't so selfless.

 

[RhodyPatriot]

Tim Duncan is the Tom Brady of professional basketball.

Duncan has more rings.