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Report: Brady Agrees To Cap-Friendly 3-Year Extension With Patriots

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Tom Brady. (Photo by Jared Wickerham/Getty Images)

Tom Brady. (Photo by Jared Wickerham/Getty Images)

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(CBS) Tom Brady is intent to retire as a Patriot and he’ll do whatever he can to win another Super Bowl before his career is over.

That much is evident by the extremely cap-friendly, three-year extension he signed with New England Monday.

Sports Illustrated’s Peter King reports the deal is worth just $27 million, which is less than half of what he’s actually worth. The deal includes a $3 million signing bonus and will keep Brady locked up through 2017, when the quarterback will turn 40.

So why did he sign such a contract? It’s simple: the deal saves the Patriots about $15 million in cap space, according to King, which will help keep the team competitive for the next five seasons while Brady is still around.

 

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