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Tom Brady Restructures Contract - shifts $24 million


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http://www.boston.com/sports/column...ontract_restructure_for_tom_brady_plenty.html

"But back to the more likely scenario. Now that the money is not guaranteed, the team could cut Brady and re-sign him to a five-year deal with a salary bonus that pays him what many of his equals (and lessers) are making throughout the NFL. As the Globe’s Ben Volin notes in his breakdown, Brady is set to have a $15 million salary cap number in 2016. “They could designate Brady a post-June 1 cut, which would give the Patriots salary cap charges of $6 million in both 2016 and 2017,” Volin writes. “The Patriots could then re-sign Brady to a five-year deal through 2020, which would put more money in his pocket in the short term in a signing bonus, but would lower his cap number in 2016 by spreading the bonus out over five years. He did a similar thing in 2013, converting salary into signing bonus to help ease the cap charges.”

Thoughts?

As I tweeted to Ben there is no need to cut Brady first to then have an extension. Just extend him.
 
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May be instead of trying to answer how this is good for Brady we should be looking at how it is bad for Brady in a practical sense.

Here's my list
1.)
2.)
3.)
 
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So is that a sarcastic "nothing" or did you hit Send too soon? :)
 
Not a sarcastic nothing

I should have been clearer
1.)
2.)
3.)
 
Not a sarcastic nothing

I should have been clearer
1.)
2.)
3.)


So the verdict, then, is.....the Patriots actually took one for Brady this time?
 
So the verdict then is.....the Patriots took one for Brady this time?

Do not consider this a zero-sum deal. Am not saying that you do. Just trying to further elaborate my point. Both sides are not hurt. Pats are helped with this cash-flow. Brady is helped with more money.
 
Yes, I meant $1m each year.
 
As I tweeted to Ben there is no need to cut Brady first to then have an extension. Just extend him.
whats the need for the bridge contract if they are going to extend?

buy more time for cash flow and/or negotiations? wait till 2014 salary cap comes out to work the numbers?

they could have just extended deal and changed language to address salary cap, right?
 
Voilin is such an idiot. He's proposing amortized signing bonus for a player who would be 43 years old before the cap hit from the proposed bonus goes away. That is the kind of "credit card" cap spending that gets teams in cap jail. With players at Brady's age, you really don't want to be pushing bonus money amortization into the future. As it is, the Pats will be amortizing $6 million a year until he is 40. I doubt they are looking to increase that number. With older players, you want to be able to move on without a crippling dead money cap hit.
 
Voilin is such an idiot. He's proposing amortized signing bonus for a player who would be 43 years old before the cap hit from the proposed bonus goes away. That is the kind of "credit card" cap spending that gets teams in cap jail. With players at Brady's age, you really don't want to be pushing bonus money amortization into the future. As it is, the Pats will be amortizing $6 million a year until he is 40. I doubt they are looking to increase that number. With older players, you want to be able to move on without a crippling dead money cap hit.

Voilin received his MBA from U of Florida. His suggestive financial modeling does not reflect highly of their business program.
 
Maybe Tom Brady asked that QB position not be evaluated during season. Pats agreed as long as they could change guarantee structure.
 
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Maybe Tom Brady asked that QB position not be evaluated during season. Pats agreed as long as they could change guarantee structure.

These are the aspects we'll have to wonder about. Although the incentives, escalators, and triggers are released to the general public, there are a number of other conditions in the contract which remain anonymous.
 
whats the need for the bridge contract if they are going to extend?

buy more time for cash flow and/or negotiations? wait till 2014 salary cap comes out to work the numbers?

they could have just extended deal and changed language to address salary cap, right?

Brady’s New Contract Is More About Flexibility Than Generosity
http://grantland.com/the-triangle/tom-brady-new-england-patriots-contract/

Seems like TB and BB agreeing to protect each other from themselves. Flexibility on both sides to ensure there's nothing to be acrimonious about.
 
Brady’s New Contract Is More About Flexibility Than Generosity
http://grantland.com/the-triangle/tom-brady-new-england-patriots-contract/

Seems like TB and BB agreeing to protect each other from themselves. Flexibility on both sides to ensure there's nothing to be acrimonious about.

I already addressed much of this. Bill is very uninformed when it comes to the Patriots.

There are a lot of assumptions in here that are flawed or just plain wrong.

Under his old deal, Brady wouldn’t have been able to move on easily, because the Patriots would have been loath to pay the guaranteed money were they to release their longtime quarterback. They would have only gotten out from underneath the base salaries if Brady retired or if the team traded Brady.

Yes, and since no less than 20 teams would trade something for Brady - including every team that would have been willing to sign him as a free agent - this is a complete non issue.

Brady likely sees that and remembers the story of Logan Mankins, who went from being the starting guard on a Super Bowl–caliber team to serving as the starting guard on a 2-14 Buccaneers team that was out of the playoff race for three months. Or Richard Seymour, who was dispatched out of nowhere to a 5-11 Raiders team in 2009.

Spoken like a true Giant fan. Mankins and Seymour had acrimonious contact talks and strained relationships even after those were resolved. There is no way Brady would have been unceremoniously dumped on some barren wasteland of a team. If a trade were ever commenced, Tom almost certainly would have a lot of say in where he wants to go. And since every team willing to sign him would also be willing to trade for him, you are talking about the same collection of teams.

Rumors suggested that Brady was concerned about his future with the team in October.

Yes, rumors that have been thoroughly debunked.

Most importantly, though, Bill knows as well as anyone how much QBs command on the open market. Brady will have to drop off substantially to make him not worth his current contract. For god's sake, Alex Smith makes more than he does! Even if it were all guaranteed, Tom would be just as tradable as he is now, with the only exception being if he gets hurt which is still guaranteed under the restructure.

Stick with the facts, Bill.
 
Although it's clearly useful (and necessary) to point out all the ways that this restructure could impact things like releasing/trading TB as well as theorize about all the reasons this may have been done, I believe the answer is simple and obvious - the Patriots wanted the flexibility of having $24 million of cash in their pocket and were happy to give Tom Brady an extra million for the next 3 years (on his well-below market contract) in order to have access to this money.

I'm surprised by how many people here keep looking beyond the obvious and deluding themselves that there's got to be more going on. BB has made clear for over a decade that there's no QB in the NFL that he'd rather have than Tom Brady. Tom Brady has made clear that he loves playing football and that he loves playing for BB and Robert Kraft. Finally, TB's work ethic and fanatical dedication to maintaining his skills so that he can play football well into his forties have now been nationally documented - and yet seem to be ignored by many posters here.

There is no way that TB currently plans to be done playing football at the end of the 2017 season - he's made that crystal clear. And yet many seem to believe that this is the plan for either TB or for the Patriots. Now it could work out that way but that is not the plan.

Nolan Ryan pitched at a high (dominating?) level until he was 46. Tom Brady is using these same principles with even more dedication to his athletic skills than Nolan Ryan used. Apart from injury, I'd be amazed if Tom Brady was not playing at a high level in 2018 for the Patriots. And I'm looking forward to it.
 
276 responses to this thread and still do not get it.. I am so f..ing dense when it comes to the salary cap, will have take it for granted that this is a good thing for the Pats... or will have to wait for Felger, Borges et al to completely to make me feel differently.

Brady will do fine and there seems to be more money available to keep this team intact. That is all I need to know....I do think that the #24 is significant.

Brady is not going anywhere and will be the face of this franchise for many years to come.. kinda like John Elway, maybe not in a GM role.. but will be associated with Mr. Kraft in some capacity.
I think people are trying to make a bigger deal out of this than it actually is, there's nothing behind the door that everyones missing.
 
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