A few day-after thoughts on the money included in Tom Brady’s new three-year contract extension:
• I don’t have the final numbers yet but if the numbers from ESPN’s Field Yates are accurate ($30 million in existing money rolled into signing bonus plus $3 million of new guaranteed money) then Brady definitely did the team a favor. He didn’t take money out of pocket to do the deal, but he definitely passed up a chance to land more.
• Brady received $3 million in new money to save the team some $30 million against the salary cap the next two years. He could have asked for more on the backend or upfront to make it harder for them to move on down the line, but he did not. As it stands, the team could cut or trade Brady after the 2014 season and have $18 million in dead money. It’s not out of the question that they can handle that over two seasons with the cap expected to increase then. After ‘15 it’s $12 million in dead money.
• Put it another way: Brady, who is still a perennial MVP candidate, received $33 million guaranteed. Drew Brees last year received $60.5 million from the Saints. Peyton Manning received $58 million from the Broncos. Now, both of those players were free agents so they are going to be more expensive, but Brady could have asked for $40 million or more to help the team out. He did not.
• Of course, Brady can do that because he makes millions off the field, but that’s a totally different topic.