Seems like this is a good value signing. Cam Newton isn't as good as an older Brady but few quarterbacks in the NFL are. Newton is underrated on this forum and elsewhere. For sure, he missed more throws in bad fashion than the typical starting qb. Many more for the amount of throws he made but at the same time, those relatively open passing lanes were only open as much as they were because of Newton's ability to run. The Patriots last year had an upgraded line but they still had bottom 5 skill position players overall and that made Newton's job tougher.
The matter is Patriots with Newton having to deal with covid and with several good FA's gone and other good players missing because of covid opt outs, went 7-8. There were more close losses than close wins.
Newton is a below average NFL starting QB right now but he is far from awful and it may be better to have a below average starter at a fair salary than overpaying an average starter.
I'd rather have the Patriots do this than trade away a few firsts for Matt Stafford and have to pay Stafford more money. I'd rather have the Patriots do this then overpay for DeShaun Watson in a Hershel Walker type deal.
Bill Bellichick has a chance to make an updated version of the 2001 Patriots... Cam won't be as good as Brady was that year. Brady was underrated that year and fairly close to the real regular season MVP of the league but the Patriots were still paying Bledsoe a much higher percentage of the cap than Cam Newton. If I am reading the report right, Bledsoe got 11 million of a cap less than 70 million at the time. It was a high-water mark for him.
And the team surrounding Brady in 2001 wasn't that good overall. The team surrounding Cam this year could be better and it wouldn't surprise me at all.
It would take a semi miracle but Bill Belichick/Cam Newton and the Patriots vs Brady and the Bucs in next years Super Bowl could happen.