Report: Tom Brady signs 3-year extension with Patriots

IllegalContact said:

that's not what I meant....my point is more like if the new money is guaranteed, then the next 2 years are not?

the logical question I have is why on earth would the pats lock themselves in that way until he is 40? what if he can't go after the next 3 years? 14M, then 15M of dead money?that could damage the team for several years to come......

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Risk/reward. You just don't grasp that. He was already guaranteed his $15M for 2013 two weeks from today (start of league year) and his $15M for 2014 was going to become fully guaranteed in week 17 of this season. Now he's guaranteed $27M more in new money as the tradeoff in settling for half the going rate. They'd have had to guarantee that (50%) and probably more just to get a 3 year $18M extension.

The deal is essentially Fully guaranteed. Just give it up. The Broncos will be on the hook for $40M of Manning's deal next week and all that buys them is 2 years.

Joker said:

Tom Condon is probably out searching for a hit man...

oddly, that's not something I would bet against either.

Idzik MUST do something drastic with that Sanchez millstone around the Rats neck...once again, the Patriot braintrust makes a checkmate move.

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Someday we'll be watching a clip of retirees Brady and Belichick laughing like Renfield while they stir a caldron of green slime in Brady's dungeon as they plot their next shot over the bow of the good ship Jetslandia. Hail to the Kings!

Re: Expiration Date February 2018

Jax said:

No I think a freshman or sophomore in college I think they'd like to have 2-3 years behind Brady.

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2 tops. He gets it in 1 ideally. Otherwise you're facing extending him after only a year or two of experience because draftees (outside of first rounders) are now only under a teams control for 4 years on rookie deals.

Steve DeBerg was a 10th round draft choice in 1977...played QB in the NFL until 1993....he took a helluva worse beating all those years than Brady has so far...playing to the end of this new contract is not far fetched at all.

I actually don't like the deal. I think TB gets one more chance next year and if plays another sh^t game it's time for him to go.

IllegalContact said:

there appears to be some confusion on the details

“Less money†for Brady in the future could get others to take “less money†now | ProFootballTalk

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Florio's just in shock. Brady is getting $15M in 2014 money guaranteed 10 months earlier than he was going to get it guaranteed anyway. His $15M this year was going to become guaranteed in two weeks anyway. So no, he didn't trade away future years at a lower rate just to guarantee $15M more in remaining money 10 months sooner...

Joker said:

congrats troll, you almost got away with your "Brady is a greedy evil person" meme...dress that little pig up in all the misdirected language you want...seen it 1000 times before...BTW, little weird your first post after lurking all this time is to attempt to create a negative image of Tom Brady...normally, fans lurk for a while and then get their feet wet in a thread that bonds all of us Pats fans in agreement...the Jets Suck thread...not you though...you're that "special" Pats fan that suddenly shows up with this unexpected gift from Brady, and you immediately start in with the prototypical "I'm a Pats fan BUT!!!!"....and your ridiculous hyperbole about "I'm not reading any 250 page document!!!" when only a near brain dead mongoloid would need to do THAT to find the answer to your "questions" is further evidence that YOU are a pre buttfumble Rat fan that has been desperately looking for a way back onto this board without pulling your now embarassing for eternity butt fumble tattoo, scorched into your fan forehead for all to see...forever.

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Dude this reads like the ravings of paranoid schizophrenic with a persecution complex. I'm gonna leave and let you feel like you successfully defeated a troll because you and everyone else who dismissed or misinterpreted my question have convinced me that it is absolutely pointless to try to have a discussion or explain myself to you people.

Good luck in life bro, I'm glad that you have convinced yourself of your superiority to Jets fans because in reality, team affiliations aside, judging by your behavior there aren't many people you can feel that way about.

PatsWickedPissah said:

Absolutely.
Those guys have limited years and really do need to feed their families. It does send the message to them that all things equal a couple hundred K more elsewhere after 50% taxes is less important than daily job satisfaction with a winner. The opposite thinking of The Vinitrator.

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That's where you're not being fair to Adam. He was a kicker, never made more than $1-2.5M per in his seasons here. It wasn't about taking a couple of hundred K less after taxes. The Patriots offered him a series of 1 year top money contracts with no guaranteed money whatsoever. All salary, and year to year so they could cut him at any time with no dead cap. Had he slipped on the soap after signing on here in 2006 he'd have been out of luck. Indy offered him a 5 year deal with $3.5M up front and $7.5M essentially guaranteed. I think that deal totaled around $13M and he saw every cent of it plus two more years and counting.

Hdlsa said:

Dude this reads like the ravings of paranoid schizophrenic with a persecution complex. I'm gonna leave and let you feel like you successfully defeated a troll because you and everyone else who dismissed or misinterpreted my question have convinced me that it is absolutely pointless to try to have a discussion or explain myself to you people.

Good luck in life bro, I'm glad that you have convinced yourself of your superiority to Jets fans because in reality, team affiliations aside, judging by your behavior there aren't many people you can feel that way about.

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MoLewisrocks said:

Florio's just in shock. Brady is getting $15M in 2014 money guaranteed 10 months earlier than he was going to get it guaranteed anyway. His $15M this year was going to become guaranteed in two weeks anyway. So no, he didn't trade away future years at a lower rate just to guarantee $15M more in remaining money 10 months sooner...

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Florio has no attention to detail. It's embarrassing. It's frustrating when guys who make a lot of money to simply report on sports can't take the time to actually get informed.

Well done on calling the Brady extension about a year in advance of Peter King, BTW.

Hdlsa said:

I appreciate that Brady signed such a cheap extension but if he is so committed to helping the team and winning another ring why doesn't he sign for veteran minimum? He already has made more money than he and his family could possibly spend for several lifetimes and his wife is worth 2x that amount. The Brady family could live lavishly off perpetuities from interest, investments, and endorsements and still end up with more money at the end of the year.

We already know Brady is insanely competitive and that winning more rings is incredibly important to him and his place in history. Therefore, why doesn't he play for peanuts and free up even more cap space to improve his chances? He will have the rest of his life to amass more wealth by investing the money he already has but he will only be able to compete for a ring for roughly 4-5 more years. I would think that winning another superbowl or two and going down as the greatest and most successful quarterback in history would be worth more than any amount of money considering the fortune he already has.

I'm not bitter or mad at Brady, I'm just legitimately curious why he plays for anything over vet minimum when it would be almost guaranteed that he wins at least one more superbowl if we could put his salary towards paying a big name FA and still get all the other FAs we need.

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Just out of curiosity, what team are you a fan of?

This is good news, but I do NOT want to use it welker. Welker is done as a patriot

Hdlsa Hdlsa 19 is freaking out over this contract at J.I.

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Quote:
Originally Posted by Joe W. Namath View Post
Nice gesture by brady. NE knows how to run a franchise.


The guy is 36 years old, all he did was take cap hits this year and next year and take 27 million guaranteed money when he will be 38, 39, and 40. This, and having a supermodel of a wife being the bread winner so Tammy can do his Uggs commercials.

And naturally, ESPN and every homer media outlet are doing their usual over the top ball washing.

Can't wait for Brady to fall apart, we'll see how well run they will be then..

maybe by then he will have had the time to read the entire 250 page NFLPA agreement...heh

Hdlsa said:

You answer was that some of the $27 mil in the extension comes from his current contract and that its not all salary. It doesn't say anything about why Brady can't do anything to reduce the rest of it.

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No. What I said was that they were "effectively" spreading the money out. That is in reference to the salary cap. You'd know that if you knew anything about the accounting rules of the NFL Salary cap and realize that it is different than salary.

Hdlsa said:

Why the hell would I want to read a 250 page legal document. If you know that there are rules that prevent players from signing contracts that pay them below market value then you should be able to cite one of them for me. It will be very easy for you because you must be so intimately familiar it to act like I'm a moron who didn't do the required reading.

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Why would you read a 250 page legal document? I don't know. Maybe so you could actually participate in a conversation and not claim that people's answers to your simplistic questions aren't really answers.

There is a difference between a "Below Market Value" contract, which is what Brady signed, and a contract where he only gets the veteran minimum for a salary and no other form of compensation. Again, I gave you a legitimate answer. You are the one whining and complaining that you don't understand it. If you don't want to do the reading, then you don't have the right to complain when someone gives you an answer that you can't comprehend.

Hdlsa said:

"Not to mention that he doesn't want to necessarily hurt other QBs majorly" is an actual answer, thank you. You could have said that in the first place, if Brady takes vet minimum in order to free cap space then other franchises might start expecting their wealthy players to do the same and that is not fair to them.

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This is where you not having any common sense, any sense of the real world, or any idea of how Unions work comes into play. I shouldn't have needed to say it because it's plainly obvious to anyone who has ever worked for a living.

Hdlsa said:

Oops I'm sorry, I didn't know that people weren't allowed to ask questions about player contracts without reading the 250 page CBA first because its such an important part of the workings of the real world. I should have known that in the real world, all unions have rules that prevent football players from accepting contracts that pay them less money to free up cap space.

I don't have any "intent" beyond wanting an answer to my question, I'm wasn't looking to trap anyone into saying that Brady is a greedy evil person for not signing a contract extension for vet minimum which, evidently, people on this forum are paranoid about. I rephrased my question several times because you and other posters are acting like I've insulted their god.

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People are allowed to ask questions. You, though, got your panties in a wad because you were given answers that you didn't like and treated like the disingenuous person we believe you to be.

Asking the question without having read the CBA is fine. I didn't have an issue with that. It was your blathering afterwards and your whining and complaining about "not getting real answers" that earned you the "Go read the CBA" comment.

No one is acting as if you insulted their god. We acting insulted because we felt insulted by your stupid reactions. If you don't like the reactions, maybe you should focus on how you say things because you've come across like a priss the entire thread.

I'll confess to not having read the whole thread, so apologies if this is redundant with some post earlier, but:

1. Brady is taking a guarantee now of salary to be paid later. He could be worth $9 million to play 4 years from now (possible if he declines physically). He could be worth a lot more (most likely, I imagine, especially if the cap rises again). He could be worth, heaven forfend, $0 million.

Overall, I think this is a substantial discount, but it's not quite "Omigod; Brady settled for $9 million when he could have had $22 million".

2. It will be tough to get a lot of further cap relief from Brady in future years, since his contract is already fully guaranteed.

But that's OK, especially if we think the cap will trend up a bunch after being flat for a while.

Fencer said:

I'll confess to not having read the whole thread, so apologies if this is redundant with some post earlier, but:

1. Brady is taking a guarantee now of salary to be paid later. He could be worth $9 million to play 4 years from now (possible if he declines physically). He could be worth a lot more (most likely, I imagine, especially if the cap rises again). He could be worth, heaven forfend, $0 million.

Overall, I think this is a substantial discount, but it's not quite "Omigod; Brady settled for $9 million when he could have had $22 million".

2. It will be tough to get a lot of further cap relief from Brady in future years, since his contract is already fully guaranteed.

But that's OK, especially if we think the cap will trend up a bunch after being flat for a while.

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This is beyond OMG because Brady did exactly that. He took less than half market based on Manning and Brees' deals, neither of whom is any spring chicken. Kurt freakin' Warner signed a 2 year $23M deal with $19M guaranteed in 2009 before retiring in 2010. Brett Favre played out the string in Minnesota at $12.5M per in 2009-10.

They won't need cap relief from Brady in future years since his cap numbers as reported will be relative peanuts...the kind others will be restructuring to get down to. They will have saved roughly $27M in future cap hits over what would have been merely a team friendly deal (averaging less than $18M per in new money) at twice the price.

2013: $13.8 million.
2014: $14.8 million.
2015: $13 million.
2016: $14 million.
2017: $15 million

Can't Brady restructure in each of the next three years and provide even more cap relief?

MoLewisrocks said:

This is beyond OMG because Brady did exactly that. He took less than half market based on Manning and Brees' deals, neither of whom is any spring chicken. Kurt freakin' Warner signed a 2 year $23M deal with $19M guaranteed in 2009 before retiring in 2010. Brett Favre played out the string in Minnesota at $12.5M per in 2009-10.

They won't need cap relief from Brady in future years since his cap numbers as reported will be relative peanuts...the kind others will be restructuring to get down to. They will have saved roughly $27M in future cap hits over what would have been merely a team friendly deal (averaging less than $18M per in new money) at twice the price.

2013: $13.8 million.
2014: $14.8 million.
2015: $13 million.
2016: $14 million.
2017: $15 million

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This is a pretty awesome deal.
Worst case: Brady sucks and in 2 years Pats cut him and lose 3 million more than they would've if there was no extension.
Expected case: Brady gradually declines, and in 2 years if he was a free agent would have a fair value between 3x45- 3x60 and pats save alot of money by having this extension instead.

Also this contract basically protects against sudden decline in years 3/4 as well (by allowing them to cut ties and save remaining salary)

MoLewisrocks said:

This is beyond OMG because Brady did exactly that.

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No. He could not THIS year have gotten a $22 million guarantee for 3 seasons from now.

mgteich said:

Can't Brady restructure in each of the next three years and provide even more cap relief?

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Not easily.

The simplest way to restructure is to guarantee previously unguaranteed money, which has the effect of spreading out its cap hit over the remaining life of a contract. That possibility has now been used up in its entirety, as Brady's contract is already fully guaranteed.

The second standard way to restructure is to sign a contract extension. Brady now already has a long contract. However, 3 years from now he won't, so I guess another contract extension might be possible at (for example) that time.

The third standard way to restructure, arguably, is to take an actual pay cut. As underpaid as Brady is, that doesn't seem likely.