Report: Tom Brady signs 3-year extension with Patriots

Joker said:

heh...Borges is on the prowl....the plagiarist P.I. smells a rat and warns everyone "not so fast!"...

Renegotiation helps Pats, but let

the story is up top too. He is veery angry that Callahan is going to trumpet this as some sort of Brady beatification...but thank God our Ron is on the job to shoot down this latest Patriot blimp...

More than likely the numbers that eventually emerge from this latest charitable act will reveal Brady actually netted a short-term gain plus more guaranteed money while allowing the team to cook the books to turn a projected $43.6 million cap hit over the next two seasons into $28.6 million, a $15 million savings in cap money.

so, in one brief paragraph he paints Brady as a slick opportunist and the Patriots as underhanded "book cookers"....he's a very bitter man and yet this doesn't stop him from casting aspersions on others that may or may not be true when HE is known liar and proven thief. Just an all around weirdo.

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I love Ron the Sleazebag's recklessly extravagant use of inflammatory phrases such as "Mother Theresa status", "hedge fund robber", "cooking the books", "creative finance", "charitable act", "use this as a cudgel" and "apparent largesse." His appearance alone screams for a trip through the car wash, and not in the brushless bay. What a shameless, jealous fraud.

MoLewisrocks said:

Not to mention getting cut somewhat arbitrarily because a team just can't justify your cap # or having to take a pay cut to hang around does too. Brady doesn't want to go out that way, and now he won't have to even think about that.

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Is getting cut because of eroding talent still technically a possibility? Yes.

Is it likely? No. I fully expect that Brady will retire if that happens.

Hdlsa said:

How am I trolling dude, I'm asking a legit question in complete seriousness. I'm happy about the extension too, I think its very admirable that Brady is taking less salary to strengthen the team but I don't understand why he or other players in his position don't take it to the extreme when the only thing they have left to play for is superbowls.

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There's a certain logic to what you say, but you're just taking it to the extreme. I don't think Brady wants to make a spectacle of himself. Just free up some cap space on the down low. Plus if hedoesn't win, then he looks silly for having played for free basically.

Originally Posted by Hdlsa View Post
How am I trolling dude, I'm asking a legit question in complete seriousness. I'm happy about the extension too, I think its very admirable that Brady is taking less salary to strengthen the team but I don't understand why he or other players in his position don't take it to the extreme when the only thing they have left to play for is superbowls.

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There's a salary cap involved. In light of the cap, you have to take into account that competitiveness is impacted by this cap. So, in other sports, it hurts the union and the players generally if salaries are depressed in such a fashion. I've run into this problem myself when I wanted to take less salary at one point in my life in return for a new position, but the union had a hang-up over it.

The point is, Brady's lower cap number depresses the market a bit, and especially the franchise tag. But if he were to reduce his pay to one dollar, it would constitute a totally unfair advantage reminiscent of what the Broncos did and it would make a mockery of the cap.

Re: Expiration Date February 2018

Sciz said:

I'm not convinced he's done at 40.

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Hope you're right. But the thing about professional athletes, even the great ones, is that they decline at a rate of 100% in their careers.

Holy crap...I just get out of a 4 hour meeting and I hear this.!!

Much love and respect for #12.

Hopefully this will keep us relevant for a few more years...

Did we honestly expect anything less from this man, he has given this organization so much of his time and attention.

I am hoping he gets to lift that Lombardi one more time before he rides off into the sunset leaving his mark on a region and a sport that has treated him well.

Awesome news!!

ctpatsfan77 said:

Is getting cut because of eroding talent still technically a possibility? Yes.

Is it likely? No. I fully expect that Brady will retire if that happens.

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I agree.

Yates at ESPN has the actual details. A little different and makes more sense. $30M signing bonus, $1M and $2M salaries fully guaranteed in 2013-2014, no 2015 bonus, just the $7M, $8M and $9M in salaries that are guaranteed for injury but not skill. And implicitly guaranteed by dead cap of $18M in 2015, $12M in 2016 and $6M against a $9M salary in 2017. They could cut him in 2017 if he truly was showing signs of imminent suckage, but as I always said they wouldn't have to because no way he's going out like that.

Details of Tom Brady's new deal - New England Patriots Blog - ESPN Boston

I knew King somehow had the details wrong. $3M signing bonus...and some other stuff going to be moved around...spoken like someone who doesn't really understand the significance of contract details where the cap is concerned. Basically they took his next 2 years take home of $30M, half of which was guaranteed next week and the rest of which would become guaranteed in week 17 of the upcoming season - less $3M in remaining salary they guaranteed on signing, and called it a signing bonus. And as usual he is allowing them to pay it out over time, (as allowed by rule), although since it will be paid out over more than 12 months they will have to add prescribed interesst as prepre to the payment (although that won't count against the cap). He agreed to that structure so as not to drastically impact their cash flow just as FA starts.

Back in 2004 when Manning signed his until previously seminal 9 year $113M deal that became his 7/$98M Indy deal from 200 until 2010 it contained a $34.5M signing bonus, all of which was paid up front or within a few months. The delay was necessary because the team didn't have that kind of cash laying around, they were small market in those days, so cash flow was an issue nd Irsay had to liquidate personal assets (he's a rock and roll memorabilia collector) to cover a chunk of it.

On the topic of the extension, two writers at the Herald are apparently having a bit of a cat fight over the story. Callahan lauds Brady, and right on cue our resident pro-labor/anti-owner Pats writer attempts to throw a wet blanket on the party. When it comes to labor and contracts, Borges is as predictable as the direction in which the sun will rise and set.



New deal an extension of Tom Brady's greatness | Boston Herald | Gerry Callahan

Deal helps Pats, but let's hold off on QB's sainthood | Boston Herald | Ron Borges

Me to anything Borges writes:

So, the guarantee is basically injury insurance for Brady. Other than that, Brady received almost no compensation for signing a contract at half the going rate. The bonus is simply a loan to the team at interest.

I guess the team should sign Hoyer or Cassell to a 5 year deal as our injury backup, unless Mallett is to be the one (or Kafka or a a played TBD).

MoLewisrocks said:

I agree.

Yates at ESPN has the actual details. A little different and makes more sense. $30M signing bonus, $1M and $2M salaries fully guaranteed in 2013-2014, no 2015 bonus, just the $7M, $8M and $9M in salaries that are guaranteed for injury but not skill. And implicitly guaranteed by dead cap of $18M in 2015, $12M in 2016 and $6M against a $9M salary in 2017. They could cut him in 2017 if he truly was showing signs of imminent suckage, but as I always said they wouldn't have to because no way he's going out like that.

Details of Tom Brady's new deal - New England Patriots Blog - ESPN Boston

I knew King somehow had the details wrong. $3M signing bonus...and some other stuff going to be moved around...spoken like someone who doesn't really understand the significance of contract details where the cap is concerned. Basically they took his next 2 years take home of $30M, half of which was guaranteed next week and the rest of which would become guaranteed in week 17 of the upcoming season - less $3M in remaining salary they guaranteed on signing, and called it a signing bonus. And as usual he is allowing them to pay it out over time, (as allowed by rule), although since it will be paid out over more than 12 months they will have to add prescribed interesst as prepre to the payment (although that won't count against the cap). He agreed to that structure so as not to drastically impact their cash flow just as FA starts.

Back in 2004 when Manning signed his until previously seminal 9 year $113M deal that became his 7/$98M Indy deal from 200 until 2010 it contained a $34.5M signing bonus, all of which was paid up front or within a few months. The delay was necessary because the team didn't have that kind of cash laying around, they were small market in those days, so cash flow was an issue nd Irsay had to liquidate personal assets (he's a rock and roll memorabilia collector) to cover a chunk of it.

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So Florio stirs it up and suggests that the Patriots could actually be violating rules with a side deal

Teams, agents wonder about Brady deal | ProFootballTalk



It's hilarious how people think because Brady decides to take less money than market that there is just someway they are cheating.

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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Post of the day

I channeled my inner Robert Kraft back on February 13:

http://www.patsfans.com/new-england...ture-again-free-up-cap-page2.html#post3373599

If he (Tom Brady) were to extend out to age 40, as an example, with a low salary for the last two seasons playing at ages 39 and 40, the ripple effect is very minimal on other quarterbacks simply because of the age issue....with the clock ticking on his time to win, his burning desire to win, and the reality of the salary cap, he might be amenable to being locked up in a contract taking him to age 40.

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jumbo77 said:

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.

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Hey Revis!!! nice Handle man

BradyManny said:

Me to anything Borges writes:

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You're welcome.

jmt57 said:

On the topic of the extension, two writers at the Herald are apparently having a bit of a cat fight over the story. Callahan lauds Brady, and right on cue our resident pro-labor/anti-owner Pats writer attempts to throw a wet blanket on the party. When it comes to labor and contracts, Borges is as predictable as the direction in which the sun will rise and set.



New deal an extension of Tom Brady's greatness | Boston Herald | Gerry Callahan

Deal helps Pats, but let's hold off on QB's sainthood | Boston Herald | Ron Borges

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"They traded the wrong guy..............."

KontradictioN said:

You're welcome.

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Yup. Maybe the best GIF, thank you for bringing that to Patsfans.

Means I never have to justify a single Borges article with a response again.

mgteich said:

So, the guarantee is basically injury insurance for Brady. Other than that, Brady received almost no compensation for signing a contract at half the going rate. The bonus is simply a loan to the team at interest.

I guess the team should sign Hoyer or Cassell to a 5 year deal as our injury backup, unless Mallett is to be the one (or Kafka or a a played TBD).

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Gangsta-thug wannabes over on the Ravens boards trying to spin it that Brady hasnt done a thing at all worthy of respect and is somehow coming away with more money.

Tom Brady Extension - Page 2 - Other NFL Teams - Ravens Official Message Board

I think Id rather have had the Giants win another..

JMC00 said:

So Florio stirs it up and suggests that the Patriots could actually be violating rules with a side deal

Teams, agents wonder about Brady deal | ProFootballTalk

It's hilarious how people think because Brady decides to take less money than market that there is just someway they are cheating.

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The reason this makes no sense is they still could've achieved the cap savings for the next two years, and just given brady 15-20 mil salaries in years 3-5 (thus backloading the cap hit and leaving average annual pay at market value).

Signing a 3 year 60 mil extension is no different than signing a 3 year 27 mil extension and then having brady hold out to renegotate it in 2 years.

I didn't read all the posts in this thread but to me its very obvious that Brady does not want to lose Welker like he lost Branch and he is taking every step possible to make sure that his favorite receiver in Welker is going to be back and by doing this,Welker's chances to stay have increased dramatically.

I would not be surprised to see Welker sign a 2 or 3 year deal,maybe longer,within the next few weeks.

I think Welker's dire situation has everything to do with the restructure/extension of Brady's contract.