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.
The person spoke on condition of anonymity because the extension has not been announced.
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. By taking less money in the extension and redoing his current contract, he's hopeful New England can surround him with the parts to win more titles.
Among the Patriots' free agents are top receiver Wes Welker and his backup, Julian Edelman; right tackle Sebastian Vollmer; cornerback Aqib Talib; and running back Danny Woodhead.
Brady has been the most successful quarterback of his era, of course, as well as one of the NFL's best leaders. His skill at running the no-huddle offense is unsurpassed, and he's easily adapted to the different offensive schemes New England has concentrated on through his 13 pro seasons.
The Patriots have gone from run-oriented in Brady's early days to a deep passing team with Randy Moss to an offense dominated by throws to tight ends, running backs and slot receivers.
Brady holds the NFL record for touchdown passes in a season with 50 in 2007, when the Patriots went 18-0 before losing the Super Bowl to the Giants. He has thrown for at least 28 touchdowns seven times and led the league three times.
Last season, Brady had 34 TD passes and eight interceptions as the Patriots went 12-4, leading the league with 557 points, 76 more than runner-up Denver.
Wednesday, June 19 2013 8:37 AM EDT2013-06-19 12:37:39 GMT
The cast of an Atlanta sports radio show has been fired after mocking a former NFL player who has Lou Gehrig's disease, a station official said Monday.
The cast of an Atlanta sports radio show has been fired after mocking a former NFL player who has Lou Gehrig's disease, a station official said Monday.
Tuesday, June 18 2013 9:03 PM EDT2013-06-19 01:03:21 GMT
Police in Massachusetts investigating a possible homicide questioned New England Patriots tight end Aaron Hernandez on Monday, according to a Sports Illustrated report.
Police in Massachusetts investigating a possible homicide questioned New England Patriots tight end Aaron Hernandez on Monday, according to a Sports Illustrated report.
Tuesday, June 18 2013 10:05 AM EDT2013-06-18 14:05:52 GMT
They lost three times in three months in one of the most overpowering stretches the NBA has ever seen.Now the Miami Heat have lost three times in five games.
They lost three times in three months in one of the most overpowering stretches the NBA has ever seen.Now the Miami Heat have lost three times in five games.
Monday, June 17 2013 12:20 PM EDT2013-06-17 16:20:15 GMT
lie Hermann has started her first full day as Rutgers' athletic director. A university spokesman tweeted late Monday morning that Hermann was on campus.
lie Hermann has started her first full day as Rutgers' athletic director. A university spokesman tweeted late Monday morning that Hermann was on campus.
Monday, June 17 2013 9:39 AM EDT2013-06-17 13:39:47 GMT
Jason Kidd has had one of the most impressive careers in basketball history. He's now adding another chapter to the story as the new head coach of the Brooklyn Nets. Kidd visited the set of GDNY on Monday and spoke about his new role and what is was like hanging up his jersey for good.
Jason Kidd has had one of the most impressive careers in basketball history. He's now adding another chapter to the story as the new head coach of the Brooklyn Nets. Kidd visited the set of GDNY on Monday and spoke about his new role and what is was like hanging up his jersey for good.
Sunday, June 16 2013 11:08 PM EDT2013-06-17 03:08:43 GMT
Manu Ginobili had 24 points and 10 assists in a surprise start to spark the San Antonio Spurs to a 114-104 victory over the Miami Heat in Game 5 of the NBAFinals on Sunday night, pushing the Spurs one victory away from their fifth championship.Danny Green scored 24 points and broke Ray Allen's finals record for 3s in a series with 25.
Manu Ginobili had 24 points and 10 assists in a surprise start to spark the San Antonio Spurs to a 114-104 victory over the Miami Heat in Game 5 of the NBAFinals on Sunday night, pushing the Spurs one victory away from their fifth championship.Danny Green scored 24 points and broke Ray Allen's finals record for 3s in a series with 25.
Sunday, June 16 2013 4:56 PM EDT2013-06-16 20:56:33 GMT
Kirk Nieuwenhuis hit a three-run homer that capped a four-run rally in the bottom of the ninth inning and the New York Mets salvaged what had been shaping up as another sorry afternoon, startling the Chicago Cubs 4-3 on Sunday.Matt Garza pitched seven scoreless innings and the Cubs scored twice on a madcap play that featured three bad throws by Mets infielders, giving Chicago a 3-0 lead.
Kirk Nieuwenhuis hit a three-run homer that capped a four-run rally in the bottom of the ninth inning and the New York Mets salvaged what had been shaping up as another sorry afternoon, startling the Chicago Cubs 4-3 on Sunday.Matt Garza pitched seven scoreless innings and the Cubs scored twice on a madcap play that featured three bad throws by Mets infielders, giving Chicago a 3-0 lead.
Sunday, June 16 2013 3:41 PM EDT2013-06-16 19:41:20 GMT
A published report by ESPN says the New York Rangers will hire Alain Vigneault as the club’s next head coach. Vigneault met with Madison Square Garden and team owner Jim Dolan on Friday after interviewing on Tuesday in La Quinta, California with president/general manager Glen Sather.
A published report by ESPN says the New York Rangers will hire Alain Vigneault as the club’s next head coach. Vigneault met with Madison Square Garden and team owner Jim Dolan on Friday after interviewing on Tuesday in La Quinta, California with president/general manager Glen Sather.
Saturday, June 15 2013 10:26 PM EDT2013-06-16 02:26:45 GMT
Yankees first baseman Mark Teixeira left New York's game against the Los Angeles Angels in the fourth inning Saturday with an aggravated right wrist.Teixeira, who missed the first 53 games of the season with a wrist injury, will be examined by Yankees team physician Dr. Christopher Ahmad in New York on Sunday.Teixeira flied out to right and fouled out to third before leaving Saturday's game when David Adams replaced him at first base.
Yankees first baseman Mark Teixeira left New York's game against the Los Angeles Angels in the fourth inning Saturday with an aggravated right wrist.Teixeira, who missed the first 53 games of the season with a wrist injury, will be examined by Yankees team physician Dr. Christopher Ahmad in New York on Sunday.Teixeira flied out to right and fouled out to third before leaving Saturday's game when David Adams replaced him at first base.
