Brady contract situation (Merged - UPDATED:Deal Done)

[maust]

Depends by what you mean “worked out”.

I mean there was no blood in the streets, scorched earth BS. No caterwauling or mudslinging, no holdout, no franchise tag, no 'negotiating' in the press. In short, they worked it out quietly, there's an agreement in place and Brady will not take a regular season snap under the last year of a contract. Project as you will that the sky will fall next year or whatever but it hasn't yet and the way Brady and the team conduct their business there is no reason to believe it will.

I realize reasonable people with a shared objective getting things done makes for a dull narrative but there it is.

 

[shmessy]

Way to soon to conclude this deal will keep Brady in uniform beyond this season.
Need to know the guaranteed figures

HE’S.......NOT.....GOING......TO.......RENT......OUT.....HIS......BODY......TO......ANOTHER......TEAM/SYSTEM.....AT....THE.....AGE......OF......43.


How big a chalkboard do people need?

Reality, people!

 

[DaBruinz]

Done, apparently:

Tom Brady agrees to contract extension with Patriots

Clearly the author of the article doesn't understand the difference between salary and signing bonus. Claims that Brady's new salary would be $23M.. That might be the total cash he gets this year, but it won't be his salary.

 

[Vatahala]

Always cracks me up reading PFT comments from haters that actually believe that Kraft is and has been paying Brady hundreds of millions of dollars under the table.

 

[borg]

Yup. Assuming Brady doesn't retire shortly after this season, then in training camp a year from now it will be all about "is NE gonna cut Brady or will they work out an extension".

The only thing this contract does is give same cap relief this year and kick the can down the road one year. Which counts for something, admittedly.

Silly headline.....some good points
Deal doesn't ensure Brady finishes with Pats

 

[patchick]

Clearly the author of the article doesn't understand the difference between salary and signing bonus. Claims that Brady's new salary would be $23M.. That might be the total cash he gets this year, but it won't be his salary.

To be fair, that article came out before the additional leaked details. My guess is that given the timeliness of the story, they ran with what they had.

 

[DaBruinz]

Making $23 million this year how in the blue hell do the Pats have the room to do this

By giving Brady a signing bonus and converting some of the $15M salary he had to signing bonus as well. This would lower the cap hit and spread the signing bonus over the 3 years of the contract.

 

[DaBruinz]

To be fair, that article came out before the additional leaked details. My guess is they ran with what they had.

But you'd think they'd update it..

 

[Todd Bradley]

Excited to see my favorite player in any sport ever continue the greatest career in football history for another three seasons.

Long live the King.

 

[shmessy]

Here is what I believe happened:

All sides wanted this story out of the media glare. This contract is nothing more than a 1 year, $23 million deal, structured in such a way to provide short term cap relief. The powers-that-be wanted to shut the mediots up and they knew this would do it. I don't see any way whatsoever he plays next year under this current deal. The 2020 and 2021 years in this deal aren't even worth the paper their printed on. As such, everyone gets to table negotiations until summer 2020 without the media spotlight of Brady being in his "walk year".

Just one man's theory....

No. The sides involved in this story couldn’t give a **** about the media. If they did it would have been made public several weeks ago (when it was probably signed ) In fact they seemed to be having fun with it last week. The media (and certain folks here took the cheese and provided some quality entertainment).

 

[maust]

Always cracks me up reading PFT comments from haters that actually believe that Kraft is and has been paying Brady hundreds of millions of dollars under the table.

Don't forget Brady living in Kraft's pool house and the team paying the TB12 Therapy Center untold millions per month.

 

[luuked]

Reportedly he is the 6th highest paid QB.

And 30M and 32M in the other years. Unless it is one big fake contract.

 

[Todd Bradley]

Is there enough cap for Trent Williams now?

 

[QuantumMechanic]

Thought this in Curran's piece was interesting, especially that first sentence, which intimates NE getting flak from the NYFL had they not given Brady a raise.

It’s a deal that allows the Patriots to save face because if Brady were to go into his walk year with a salary far smaller than much lesser quarterbacks, it would have looked bad. And, to be frank, Brady may not have done it.

The placeholder salaries for 2020 and 2021 also mean the Patriots won’t have to franchise him if they want to keep him around and they’ll get him at a lesser price than the franchise tag would have been $32.5M.

And, with the placeholders and the raise, Brady gets the promise he won’t be franchised and have to deal with all the attendant ill will that ensues when that happens.

 

[borg]

HE’S.......NOT.....GOING......TO.......RENT......OUT.....HIS......BODY......TO......ANOTHER......TEAM/SYSTEM.....AT....THE.....AGE......OF......43.


How big a chalkboard do people need?

Reality, people!

Another team???
Learn to read

 

[shmessy]

I love how the Pats and Brady sat on disclosing the extension so they could have some fun watching the media (not to mention a few folks here) try to create an hysteria funnel.

As I said, “the sun will rise and the sun will set......”

Thanks for the laughs!

 

[ctpatsfan77]

Assumptions (based on things I've read. May be wrong).
* 2019 cap was $27mil
* Brady 2019 cash to be paid was $15mil (based on reports saying he's now getting paid $23mil and that was a $8mil raise).
* Therefore 2019 dead cap is $12mil (since $15 + $12 = $27)
* New deal freed up $5.5mil in cap, which means his new cap hit is $27-$5.5 = $21.5
* (Big assumption here) New deals cannot affect pre-existing dead cap for that year.

Not an assumption; it's a fact: once paid, prorations cannot be pushed further into the future.

 

[luuked]

Thought this in Curran's piece was interesting, especially that first sentence, which intimates NE getting flak from the NYFL had they not given Brady a raise.

I don't get Currans point here. It was reported that Brady was fine with a shorter deal or even letting this one run out. If that is true then what possible issue would Brady have getting franchised ?

Similarly "Brady may not have done it" ? What would he have done ? Retired in preseason ?

 

[shmessy]

Thought this in Curran's piece was interesting, especially that first sentence, which intimates NE getting flak from the NYFL had they not given Brady a raise.

Methinks that column is more about CURRAN saving face. He was one of the story merchants last week.

 

[ralmat55]

How does that work? I was under the impression that bonus acceleration into the current year worked the same for both the player retiring and the player being cut. So how exactly is cap "pushed into a player's retirement"?

It’s just bonus money not yet fully amortized when the player retires. Yes, it would all have to be amortized in the first year of the player’s retirement and not years beyond.