Whew...
Here is a quick and dirty take on a pretty straightforward Brady deal just so folks can see the cap implications.
Extension terms 3 years thru 2017 for $60M added onto 2 existing remaining years.
Signing bonus $15M ($3M amortized against the cap between 2013-2017) ($$ will be fully guaranteed on 3/17 anyway, benefit to Brady is he gets it in hand 6-9 months earlier plus he gets a salary on top of it.)
Guaranteed money $45-48M guaranteed for skill, cap and injury (received in the first three years. Last time he got that but $19M of it was not skill guaranteed because expiring CBA rules precluded fully guaranteed money for cap purposes. Could go $45 on shorter term but $48 in this example just happens to be his take home in the first 3 years anyway).
Rolling guarantees that kick in beginning on the last day of the regular season in 2015 for his base salaries in the 2015 and 2016 and lets say on the first day of the 2017 season for $5M of his 2017 base salary.
Salaries of $5M in 2013, $10M in 2014, $18M in 2016, $20M in 2016, $22M in 2017. It won't be that simple (they could split some of the salary into roster bonuses to lower the guarantee although the roster bonuses would be guaranteed when due) but for this purpose simple is easier to understand. They may be interested in saving less on the front end than on the back end. Who knows. But either way it beats the hell out of doing nothing and facing tagging him at figures in excess of $26 to $30M or restructuring him again this season and facing a cap hit of $25M in 2014 and cap hits in excess of $30M if you wanted to tag him thereafter.
$250K workout bonuses throughout.
Total value of the deal 5 years $90M. AAV $18M. Total new money $60M AAv $20M.
Cap hits
2013 $15.05M (including $6.8M in existing amortization from signing bonus and 2012 restructure)(savings of $6.75M over existing cap hit) (unadjusted cap at $121M league wide)
2014 $20.0M (including $6.8M in existing amortization from signing bonus and 2012 restructure) (savings of $1.75M over existing cap hit)(unadjusted cap est. $125M league wide)
2015 $21.25M (unadjusted cap est. $130 league wide) (dead cap $9M, cap savings if cut $9M)
2016 $23.25M (unadjusted cap est. $135M league wide)
2017 $25.25M (unadjusted cap est. $140M+ league wide) dead cap if cut before first day of league year $3M, thereafter until the first week of the season $8M. If not they can hash it out thereafter if they want to continue year to year or if he or they or both are ready to move on at the end of that season.
So Brady's cap hits would be down a total of $9M over the next two years as the cap still rises by $4M and his cap hits would only increase over what they were scheduled to be in 2013-2014 by a total of $9M over the following 3 years when the cap is expected to rise at least $15M.
I know fans are getting so conditioned to flat caps they find it hard to imagine they will ever go up more than a couple of bucks again, but they will. They just won't go up exponentially, as in by double digits, during the life of this CBA. Slow and steady as Kraft says, and that is believed to be in the 4-5% range commencing shortly.