For New England Patriots season ticket holders, they received quite the voicemail this afternoon.
Report: Brady Agrees To 3-year Extension
The extension provides Brady with a $3 million bonus now, and would guarantee his salary of $7 million in 2015, $8 million in 2016 and $9 million in 2017.
Brady's deal would alleviate pressure on the Patriots cap by freeing up nearly $15 million in cap space for 2013-14 seasons. It's a move similar to one the QB has done in the past – taking an up front bonus to free up cap space.
In 2012 Brady restructured his deal from a $5.75 million base salary to a $950,000 base salary with the difference made into a $4.8 million signing bonus helping the team create $7.2 million in cap space. It was a move team owner Robert Kraft applauded.
"I think we're blessed to have the number one quarterback in the NFL," Kraft said of Brady at the time. "But let's also remember, that when he restructures his deal, he's getting a big bundle of cash up-front. But it is helping us create cap room."
According to King's estimates Brady's 2013-14 cap charge drops from roughly $22 million per year to $13.8 million in 2013 and $14.8 million in 2014.
Compared to other quarterbacks around the league, Brady's $22 million cap number would have placed him at the top of the NFL in cost measured by cap space. Now that distinction belongs to New York Giants QB Eli Manning who's 2013 cap charge is $20,850,00 according to estimates by Spotrac.
If Brady's decision to restructure was intended to free up space for his teammates, he picked a good time to make it happen. The new league year starts March 12th. At that time New England has a host of starters scheduled to hit the free agent market including Wes Welker and Sebastian Vollmer.
If nothing else, Brady's proved he lives the Patriots motto once again, no one person is more important than the sum of the parts.
hr> For more NFL and Patriots news follow Jon's updates via Twitter: @jscottNFL or You can
Join other fans in the Forums: Patriots Talk
For more Patriots news follow us via Twitter:
Or find us on Facebook : Facebook.com/PatriotsInsider
PatriotsInsider.com Recommended Stories
Peyton Manning Breaks All-Time TD Record
Peyton Manning emerged alone atop yet another category in the NFL record book tonight vs the Niners, as he tossed touchdown #509 under the national spotlight of Sunday Night Football (NBC). (Photo…Read More
LenDale White escorted out of the Coliseum
Former USC and NFL running back LenDale White added tons of drama to what was a relatively quiet Homecoming weekend for the Trojans.Read More
And So It Is Written: Breaking Down Week 8
What Mattered This Weekend. And so it is written, the ten things to care about from Week 8Read More
Week 8: Fantasy Football Player Upgrades
Every week, Fantasy Football Expert Mark Morales-Smith provides the best Fantasy options to target because they are on the rise in the short or long term. Dallas Cowboys QB Tony Romo (pictured above)…Read More
Windy Weather Whitetails
As soon as those winds fall off, get into the stand! I always tell people you can't kill them if you aren't out, but if you want to try and pick an opportune time – this is it.Read More