The Patriots and Tom Brady have agreed to a two-year extension for the Patriots QB that will ostensibly keep him in a Patriots uniform until after the 2021 season. The news was first reported by ESPN’s Adam Schefter.
Brady’s salary will actually increase by $8 million to $23 million while saving the Patriots a reported $5 million against the salary cap in 2019. His salary in 2020 is reported to be $30 million and in 2021 a reported $32 million.
ESPN’s Mike Reiss posted the following about Brady’s contract.
One of the most notable parts of Brady’s two-year extension is the two seasons added are void years, according to ESPN’s Field Yates. What that means is the extension gives Brady an $8 million raise this season, and then the sides can –and likely will — adjust the contract in 2020 and 2021.
Brady has never held the Patriots hostage under the cap by demanding to be paid top dollar and what other QBs, who have never achieved what he has, are being paid. He’s always stated that his priority is the team spend the money to surround him with better players.
Brady has always maintained that his wife, supermodel Gisele Bundchen who makes somewhere about $50 million annually keeps them quite comfortable. He’s always had trust [as Reiss pointed out] that the Patriots and Robert Kraft will pay him fairly for what he has produced on the field.
So, while on paper Brady is receiving a two-year extension worth $70 million, it remains a year-to-year proposition. The team can void it next year or in 2021 if they so choose. Brady was asked about his contract after training camp practice earlier last week, and he said, “We’re all day-to-day if you think about it,” he answered. “None of us are really promised anything. So, I’m trying to do the best I can today and just let those [contracts] things sort themselves out… so, we’ll see how it goes.”
Brady has steadfastly maintained that he wants to play until he is 45 years old. This new extension will carry the Pats QB to within six months of that milestone.
Of course, there are some on social media that are livid. As always, they are looking for a nefarious back-door, a hand-shake deal between Brady and Kraft. If you are bored and want to get a good laugh, search for “Brady contract extension” on Twitter and read some of the most outrageous tweets out there. Some of these people must have thousands of shares of stock in Reynolds Wrap for the tin-foil hats that they’re wearing.