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CLICK HERE to Register for a free account and login for a smoother ad-free experience. It's easy, and only takes a few moments.They own more than just the Patriots. Kraft's net worth is $4B.
They don't make Patriot decisions based upon their net worth or the health of other companies they own.
I think its pretty obvious what happened here. Kraft needed to put 24 million aside, and would rather use it to operate. They talked and I'm sure Brady got a handshake agreement that he isn't being cut any time soon, so they threw him a few bucks to back up the handshake and he changed his deal so $24 million doesn't sit around for no reason.
i hope he stays with the pats is some meaningful position when his playing days are over.Mike Reiss @MikeReiss 1m1 minute ago
Brady on contract: "Been a privilege to play here. Love playing here. Great experience in my life. Hopefully I’m here 4 rest of my career.”
God i hope he never leaves
I agree that the most common explanation, i.e. "cash flow", is the most likely reason for the brady adjustment. I just hope it's wrong. If this rationale is true it's very troubling. A billionaire owner has to reduce the cap space for the upcoming year so that he has the liquidity necessary to sign players for the upcoming year? Obviously this would be counterproductive. If it is true then the team has a problem and Felger et. al. have some credence in their prior complaints about how the Pats operate.
We have been going back and forth on this site for months regarding how the Pats will fit all their players/needs under the cap in the coming years and this team just reduced next years cap space so that the owner can save the interest on a theoretical loan? That would be a truly troubling development. I'd prefer to see the Krafts sell the Revolution or divest themselves of some real estate (and I'm a soccer fan as well). But if the Pats are cutting corners on the cap because "liquidity" is an issue, that's actually a very big problem and I'm a little shocked and disappointed.
If that was the goal of this transaction I am very disappointed and Felger et al. have a point.
It wasnt.
So what was the goal then?
I cannot see a reason that would benefit both Brady and the Pats, if their goal is to remain together.
Tim Duncan is the Tom Brady of professional basketball.
I agree that the most common explanation, i.e. "cash flow", is the most likely reason for the brady adjustment. I just hope it's wrong. If this rationale is true it's very troubling. A billionaire owner has to reduce the cap space for the upcoming year so that he has the liquidity necessary to sign players for the upcoming year?
So what was the goal then? I cannot see a reason that would benefit both Brady and the Pats, if their goal is to remain together.
Are you the newest member of the Chicken Little club?
The pats just added three million on to their cap over the next three years. I'm not very good with numbers but according to your calculations for an interest rate of about 8%, wouldn't that be about three million?