Brady contract situation (Merged - UPDATED:Deal Done)

mgteich said:

Next year's cap is $30M plus any bonus proration; 2021 is $32M plus any proration. Let use a $21M bonus as an example (one of Miguel's examples). The 2020 cap would be $37M. And sure, we'd push money ahead again; this year it looks like we pushed $14M ahead.

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If we saved 5.5 mill this year then we pushed 11 mill into the next 2.

6 Lombardi’s and they are going into this season in as good shape as any team in the league.

I pity the fools..........

mgteich said:

So, much for discounts.

Brady will get top dollar, $35M a year.

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Sounds good to me. No one has ever earned it more.

AndyJohnson said:

If we saved 5.5 mill this year then we pushed 11 mill into the next 2.

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If it's down $5.5M this year, then that means $5.5M was taken out of this year and pushed into 2020 and 2021 ($2.75M/year).

I’ve been looking at this extension wondering what it tells us about Brady’s future plans.

It’s really a year to year contract that bumps Brady’s 2019 compensation up to market and provides $5.5 million of additional cap space for the Patriots this season. None of the money is guaranteed protecting the Patriots in case Brady’s play declines. No additional negotiations will really be necessary until 2021 because just a simple restructure in 2020 would lower the cap charge from $37 million to an acceptable $23 million.

My guess is the contract tells us Brady plans to retire after the 2020 season leaving the Patriots with $21 million of dead of money on their cap which should not be too much of a hindrance to fielding a competitive team considering Brady’s replacement will most likely be still playing under his rookie contract.

Tony2046 said:

Just my guess but I think they keep pushing money down the road until he decides to retire.

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I agree that this would be the most sensible thing. So next year they can add a 1 yr extension and reduce the cap hit from 37 to a manageable 27 or sonething.

ctpatsfan77 said:

If it's down $5.5M this year, then that means $5.5M was taken out of this year and pushed into 2020 and 2021 ($2.75M/year).

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Yes but we also paid 8m more this year which also rolls off into next 2. So another $4m each year. So add 4 + 2.75 = 6.75 to his salary for 2020 and 2021 to fi d cap hits

So salaries for 2020 and 2021 are $30m and $32m and hence cap hits would be $36.75m and $38.75m as currently scheduled.

As others have pointed out, they’d likely keep rolling the cap hits till Tom retires. So if Tom has a great season again in ‘19 and wants to play in ‘20 we’ll probably give him another 1 year extension of let’s say 35m again and reduce the cap hit in ‘20 by let’s say $10m to $26.75m and increase the cap hits in ‘21 and ‘22 to $40-42m etc.

So we keep rolling them.

But it seems like Tom will get paid this money unless he has a disastrous 2019 and his negotiating position is weakened.

I knew it, so happy this was done before any games played, we don't need any distraction !

Kenneth Sims said:

I’ve been looking at this extension wondering what it tells us about Brady’s future plans.

It’s really a year to year contract that bumps Brady’s 2019 compensation up to market and provides $5.5 million of additional cap space for the Patriots this season. None of the money is guaranteed protecting the Patriots in case Brady’s play declines. No additional negotiations will really be necessary until 2021 because just a simple restructure in 2020 would lower the cap charge from $37 million to an acceptable $23 million.

My guess is the contract tells us Brady plans to retire after the 2020 season leaving the Patriots with $21 million of dead of money on their cap which should not be too much of a hindrance to fielding a competitive team considering Brady’s replacement will most likely be still playing under his rookie contract.

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I agree with almost everything you say but am not sure it tells us when Brady intends to retire.

Curran continuing to stir the pot and not willing to put down the wooden spoon.

Deal doesn't ensure Brady finishes with Pats

Brick27 said:

Curran continuing to stir the pot and not willing to put down the wooden spoon.

Deal doesn't ensure Brady finishes with Pats

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The article is filled with dissension speculation - past, present and future. The speculation is assumed as fact and not one source is either quoted or referenced. What a piece of garbage.

TruthSeeker said:

The article is filled with dissension speculation - past, present and future. The speculation is assumed as fact and not one source is either quoted or referenced. What a piece of garbage.

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Yep. Yet this guy calls out New York media for being gossipy and low substance

Biffins said:

I agree with almost everything you say but am not sure it tells us when Brady intends to retire.

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I can help with that. He'll retire after he plays out the season that he turns 45 (2022 season).

Of course, this isn't exactly a well-kept secret; it's only been pronounced by TB about 500 times.

Foxypats said:

I knew it, so happy this was done before any games played, we don't need any distraction !

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The only people distracted were SOME of the fans. I think Brady, BB and Kraft had a lot of fun this week trolling the media (who exploited the gullible for ratings) about this agreement that was probably several weeks old.

MCI Volin was as cluelessly off the mark as usual.

Brady’s outdoor press conference last week was obvious. He was having fun. After the presser there was one poster here calling the situation “explosive”.

Brady wanted to make more than Jimmy g AND 28-3 HAHAHAHAHA

TruthSeeker said:

I can help with that. He'll retire after he plays out the season that he turns 45 (2022 season).

Of course, this isn't exactly a well-kept secret; it's only been pronounced by TB about 500 times.

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He also said he planned to play “7 more years” in an email about Peyton Manning in 2014. I think TB12’s goal is to play as long as he possibly can, since his spiritual life is basically his fitness program and belief in what he and Guerrero are doing to extend his career. So, theoretically, if Brady could handle it physically, I don’t think there’s an actual end date. I don’t think there’s necessarily a limit at age 45; that’s just his stated goal right now. 10 years ago he put the number 40 out there as a goal, thinking that would be very fortunate to play at a high level that late into his career.

ctpatsfan77 said:

If it's down $5.5M this year, then that means $5.5M was taken out of this year and pushed into 2020 and 2021 ($2.75M/year).

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Not necessarily because he got 8 mill of new money this year.
Before the extension he had 15 mill salary and 12 mill bonus am, which can’t be affected.
If he got 8 mill new but the cap, exclusive of the 12 mill went down from 15 to 9.5 while he will receive 23 mill some of which counts 100% this year (salary) and the rest of which counts 1/3 this year.
X+y=23
X+y/3=9.5

So 2.75 salary plus 20.25 bonus is 23 mill cash
And the cap would be 9.5 cap hit.
That means 12.25 of this years salary was converted to bonus plus the new 8 mill was bonus meaning the signing bonus pushed into the next 2 years is 6.75 mill per year.

mgteich said:

For cap purposes, I think we should expect a cap hit between $20M and $25M until Brady retires. For example, 2020 could have a $30M bonus, a $3M salary, and the $7M amortization from the contract just signed. On this next 2 year extension, the cap would be $20M.

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Question for you. If Brady and the Pats keep pushing the money down the road one way or another what happens when Brady retires? Does any part of the contract affect the cap after a player retires?

ctpatsfan77 said:

If it's down $5.5M this year, then that means $5.5M was taken out of this year and pushed into 2020 and 2021 ($2.75M/year).

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It's not that simple because they also are paying him $8mil more cash in 2019. To pay him $8mil more but reduce the cap hit by $5.5mil, they would have had to structure 2019 as $2.75mil of salary and $20.25mil of signing bonus. That's because he has a $12mil dead cap hit in 2019 because of his previous extension. There's no way to reduce that $12mil. So for him to have the reported $21.5mil of 2019 cap hit under the new contract (reported previous cap hit of $27mil minus reported $5.5mil reduction equals $21.5mil cap hit) you have to pay him $23mil cash in a way that only generates a cap hit of $9.5mil, which leads to the salary and signing bonus numbers above.

So they actually pushed $13.5mil total into 2020 and 2021. And that's on top of reported base salaries of $30mil and $32mil in those years.

So I don't see there being any way Brady plays out this contract beyond this year. In 2020 he either retires, is cut, takes a big paycut, or it is renegotiated again.

Really, this is just a 1-yr deal that gives Brady some more coin and gives the team some cap relief. That's it. Brady's fate in 2020 and beyond is just as up in the air (or not) as it was before he signed this.