Tom Brady will be a Patriot until he is 40 years old.
Tom Brady will be a Patriot until he is 40 years old.
Brady agreed to a three-year contract extension with New England on Monday, a person familiar with the contract told The Associated Press. The extension is worth about $27 million and will free up nearly $15 million in salary cap room for the team, which has several younger players it needs to re-sign or negotiate new deals with.
Sports Illustrated first reported the extension.
The 35-year-old two-time league MVP was signed through 2014, and has said he wants to play at least five more years.
A three-time Super Bowl champion, Brady will make far less in those three seasons than the going rate for star quarterbacks. Brady currently has a four-year, $72 million deal with $48 million guaranteed.
Drew Brees and Peyton Manning are the NFL’s highest-paid quarterbacks, at an average of $20 million and $18 million a year, respectively.
Brady has made it clear he wants to finish his career with the Patriots, whom he led to Super Bowl wins for the 2001, 2003 and 2004 seasons, and losses in the big game after the 2007 and 2011 seasons.