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Rumor: Brady close to extension

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

  1. Simpelton

    Simpelton In the Starting Line-Up

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    Agreed. Being too hard on the noobs is one of the greatest symptoms of a community that's stagnating and starting to decay. Let's not go there.
     
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  2. 50-yard-line

    50-yard-line In the Starting Line-Up

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    As it f***ing well should be!
     
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  3. signbabybrady

    signbabybrady Pro Bowl Player

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    Steve B is the writer here that makes him more legitimate than those hacks out at the globe or ESPN.
     
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  4. mgteich

    mgteich PatsFans.com Veteran PatsFans.com Supporter

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    There is $12M of sunk cost, that will there no matter what. Say a 2019 salary of $3M and a $20m bonus for a 4 year contract. That would give a 2019 cap of $20M ($12M plus $3M plus $5M). Brady would also receive $20M in 2019.

    This cap would be same no matter what salaries, bonuses, guarantees and options are negotiated for 2020-2022.
     
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  5. Hammer of Thor

    Hammer of Thor PatsFans.com Supporter PatsFans.com Supporter

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    Who in the world is Murph? I won’t believe this until I hear that Sully has confirmed it. Or maybe Erika Leigh.
     
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  6. blackglass3

    blackglass3 PatsFans.com Supporter PatsFans.com Supporter

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    Big, if true!

    And if Sharks of Vegas aren't tweeting it, I'm not believing it!
     
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  7. Bill Lee

    Bill Lee What, me worry? PatsFans.com Supporter

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    I was going to ask "yeah, but what's the rub?", until it dawned on me.
     
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  8. ctpatsfan77

    ctpatsfan77 PatsFans.com Supporter PatsFans.com Supporter

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    His current $27M hit consists of $12M from previous signing bonus prorations, a $1M roster bonus [$62.5K/game, considered likely to be earned], and $14M in salary.

    So, in theory, they could give him $14M as a "signing bonus," reducing his salary to $1M and wiping out his roster bonus. If they gave him a three-year extension, that it would be split over four years, meaning $3.5M would count toward 2019.

    tl;dr: They can reduce his cap hit by up to $10.5M on a three-year extension.
     
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  9. manxman2601

    manxman2601 Hall of Fame Poster

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    I hope that leaves him enough to buy OBJ an Aston Martin.
     
  10. supafly

    supafly PatsFans.com Supporter PatsFans.com Supporter

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    If only we lived in a world where two buddies could get together and make their own rules, choosing to pair up on whatever team they wanted. Damn the agents, coaches, GMs, and owners. Damn the salary cap and damn the fans.

    It almost sounds like I’m describing the NBA.
     
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  11. manxman2601

    manxman2601 Hall of Fame Poster

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    Sorry but Brit guy here. NBA jokes are lost on me I'm afraid.
     
  12. robertweathers

    robertweathers PatsFans.com Supporter PatsFans.com Supporter

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    I'm just tugging your string.
     
  13. PP2

    PP2 Veteran Starter w/Big Long Term Deal

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    TMI
     
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  14. AndyJohnson

    AndyJohnson PatsFans.com Veteran PatsFans.com Supporter

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    He is going to need to be paid more signing bonus than what he is already guaranteed in order to extend his contract.
     
  15. Sfpat

    Sfpat In the Starting Line-Up

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    So a signing bonus of $30 M spread over 4 years plus $1 M salary would give a cap hit this year of $20.5 M with $74 M to be paid over the next 3 years, saving $6.5 M this year in cap
     
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  16. mgteich

    mgteich PatsFans.com Veteran PatsFans.com Supporter

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    Brady should NOT be expected to accept $15M for his 2019 services, as you suggest.

     
  17. Taco

    Taco On the Roster

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    OBJ would be the Aston Martin
     
  18. VectorPrime

    VectorPrime Experienced Starter w/First Big Contract

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    Why haven’t any of the big name local guys said anything about this? Curran, Giardi, Volin, etc.
     
  19. Dennis DiMaria

    Dennis DiMaria Rookie

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    [​IMG]
     
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  20. Ian

    Ian Administrator Staff Member

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    I've been busy at work (story of my life lately) and finally had a chance to catch up with Steve earlier. I know he heard from more than one source on the extension, albeit the numbers varied slightly and the circumstances behind how he found out (sort of on accident) were interesting. He's not one to put this stuff out there, but this was one after hearing it from a couple of people who would know, he tweeted this one out. Obviously, it's good news as it takes away the uncertainty and narratives about his future and gives them time to groom someone... hopefully, he'll continue to play well and they'll add 2-3 more rings until they find whoever that ends up being. :D
     
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