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Rumor: Brady close to extension

Discussion in 'PatsFans.com - Patriots Fan Forum' started by titletownpats, Mar 6, 2019.

  1. Snooky97

    Snooky97 In the Starting Line-Up

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    The NFL is investigating cap management fraud...
     
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  2. Deus Irae

    Deus Irae PatsFans.com Retired Jersey Club PatsFans.com Supporter

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    It wasn't misleading or false, and you edited it upon request. Thanks for that.
     
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  3. robertweathers

    robertweathers PatsFans.com Supporter PatsFans.com Supporter

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    BREAKING NEWS 3/6/2019: TB12 Training Facilities Land $50m in investment capital led by the Kraft Group.
    In other news, TB12 launches new offering of massages conducted by Asian women
     
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    Last edited: Mar 6, 2019
  4. titletownpats

    titletownpats Practice Squad Player

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    If this is true, I wonder how much cap relief the Pats will get. Think Brady's cap hit is currently 27 million for this season.
     
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  5. tasmlab

    tasmlab Starting QB, won 20 SBs, number is retired PatsFans.com Supporter

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    Anything and everything he wants. I wouldn't consider anything too much given his contribution at this point.
     
  6. Snooky97

    Snooky97 In the Starting Line-Up

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    One of the best posts i've seen on here..
     
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  7. Snooky97

    Snooky97 In the Starting Line-Up

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    How come there will be 12m dead cap?

    Cap rules always confuse me
     
  8. Joey007

    Joey007 Pro Bowl Player

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    Will it save us money this year?
     
  9. 24Law

    24Law Rookie

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    Probably his last contract.. damn.. By far our biggest signing this offseason
     
  10. luuked

    luuked Pro Bowl Player

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    That would be the main point of doing this.
     
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  11. SBLIII

    SBLIII Third String But Playing on Special Teams

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    I would hope we can lower the cap number to about 20 million.
     
  12. AndyJohnson

    AndyJohnson PatsFans.com Veteran PatsFans.com Supporter

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    It’s not dead cap money.
    It’s the portion of his signing bonus from the past that is charged to this years cap.
     
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  13. maust1013

    maust1013 In the Starting Line-Up

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    Part of what makes the 'cap rules' confusing is how easy it is to get caught up in the semantics or terms involved. In a nutshell, when Brady did his last deal he was paid upfront signing and restructure bonuses that for cap accounting purposes were spread out over the term of his deal. Specifically to 2019 that means $7M of signing and $5M of restructure bonuses that count against the cap no matter what they do in terms of an extension. In real world accounting terms it's more or less akin to a sunk cost. "Dead cap" wasn't quite the correct term since technically it's meant for money that counts against the cap for a player no longer on the roster but in a general sense it is 'dead' in terms of being unrecoverable to the current cap.
     
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  14. KDPPatsfan85

    KDPPatsfan85 In the Starting Line-Up

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  15. TommyBrady12

    TommyBrady12 Pro Bowl Player

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    So is this his last contract? 3 years would take him to age 44...
     
  16. jboston19

    jboston19 Rotational Player and Threatening Starter's Job

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  17. BelichickFan

    BelichickFan TB12, BB = G.O.A.T.s PatsFans.com Supporter

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    "3 years plus option". Of course we don't know if it would be an extension or replacement of the last year of this one. If this is true, we'll find out soon enough.
     
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  18. Sfpat

    Sfpat In the Starting Line-Up

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    Wouldn't a 3 year extension have Brady under contract for 4 more years (3+1). I would assume that whatever cash he gets for this year will be as a bonus spread over the four years and thus able to reduce the cap hit for this year
     
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  19. Jangles

    Jangles PatsFans.com Supporter PatsFans.com Supporter

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    Has anyone legitimate posted anything related to this
     
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  20. supafly

    supafly PatsFans.com Supporter PatsFans.com Supporter

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    Actually, he turns 42 during training camp and is still under contract through March of 2020, so if it’s a 3 yr extension, he’d be turning 45 the summer of his last year. That’s not even including the possibility of a 4th year “option.”

    Either way, I think it’s safe to say that Tom will retire without wearing any other colors.
     
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