Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge

Reply
 
Thread Tools Display Modes
Old 02-25-2013, 03:51 PM  
ChiefsandO'sfan ChiefsandO'sfan is offline
Alex Smith
 
ChiefsandO'sfan's Avatar
 
Join Date: Feb 2009
Casino cash: $9010
Tom Brady, New England Patriots agree on three-year extension

In 13 seasons, Tom Brady has won three Super Bowls, two Super Bowl MVPs and two regular season MVPs; and is an eight-time Pro Bowler, three-time All-Pro and 2005's Sports Illustrated Sportsman of the Year.
Robert Mayer/US Presswire

Tom Brady took a huge step today to ensure he'll retire a Patriot, agreeing to a three-year contract extension that will keep him under center for New England through the 2017 season, when he will be 40 years old.

For the second time in his illustrious career, Brady is doing something players in this day and age simply do not do: As he did in 2005, Brady, a league source told SI.com, is signing a contract with New England that will pay him significantly less money than the market will bear, in large part to help the Patriots stay competitive for the next five seasons.

Amazingly, according to the source, the deal is for an eye-poppingly conservative $27 million, which is less than half his worth by any measure.

The extension will pay Brady a $3 million signing bonus immediately, in addition to salaries of $7 million in 2015, $8 million in 2016 and $9 million in 2017. Brady told Sports Illustrated five years ago he wanted to play until he was 40, at least, and this will accomplish that. He turns 40 on Aug. 3, 2017.

The upshot of the deal is to give the Patriots massive cap relief in a flat-cap era. He was due to count $43.6 million on the New England salary cap in 2013 and 2014. Now, his cap numbers will add up to $28.6 million in the next two years, a savings of $15 million in cap dollars at a time the Patriots have free agents they want to sign to help keep the team atop the AFC East, which they have dominated since Brady took over at quarterback in 2001.

After the Patriots move money around to lessen the blow of Brady's money in a flat-cap era -- the NFL's salary cap is expected to be virtually the same in the next two years as it was last season, about $121 million a year -- here will be Brady's cap numbers over the next five seasons, according to a source with knowledge of the contract:

2013: $13.8 million
2014: $14.8 million
2015: $13 million
2016: $14 million
2017: $15 million

The Patriots can do this by guaranteeing his salaries for the next three and giving him much of the money in a chunk of a bonus right now. That, the source with knowledge of the contract said, is what the Patriots intend to do. And history points to Brady doing the same thing eight offseasons ago.

SI VAULT: Tom Brady is Sports Illustrated's 2005 Sportsman of the Year

In 2005, after his third Super Bowl title, Brady agreed to a six-year, $60 million deal, which at the time was dwarfed by Peyton Manning's contract, which averaged $14.2 million a year. This year, clearly, he is doing exactly the same thing -- in fact, giving the team even more of a hometown discount -- with one goal in mind: to keep the Patriots competitive for the rest of his career. He's putting his money where his mouth is. He knows it's easy for him to make millions in endorsements. One teammate once said about Brady he would be such a sore loser he'd do whatever it took to never lose. At a time when the growing market for quarterbacks pegs the average per year at about $20 million -- Drew Brees and Peyton Manning are there, and it's likely Super Bowl champ Joe Flacco will be there soon -- Brady's average over the next six years will be consistently about 30 percent lower.

It's very likely Brady feels the same way today as he felt in 2005, when he did the last sub-market deal. "To be the highest-paid, or anything like that, is not going to make me feel any better,'' he said in 2005. "That's not what makes me happy. In this game, the more one player gets, the more he takes away from what others can get. Is it going to make me feel any better to make an extra million, which, after taxes, is about $500,000? That million might be more important to the team.''

In an important free agency period, when New England will be fighting to stay relevant and win its first Super Bowl since the 2004 season, they should have the financial ammunition to fortify the team. They could bolster the pass rush by signing free agent Dwight Freeney of the Colts, or the secondary by signing veteran safety Ed Reed, also a free agent. On offense, they could open the wallet to re-sign Brady's favorite receiver, Wes Welker, or maybe aim higher for a younger franchise receiver like Mike Wallace of the Steelers. All of a sudden, New England will have an additional $15 million of cap freedom, while two-thirds of the teams in the league struggle to do anything in free agency because they're so snug to the cap

Read More: http://sportsillustrated.cnn.com/nfl...#ixzz2LwyJcLiF
Posts: 17,278
ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.ChiefsandO'sfan threw an interception on a screen pass.
  Reply With Quote
Old 02-25-2013, 07:11 PM   #16
BigMeatballDave BigMeatballDave is online now
That's a cancerous meatball!
 
BigMeatballDave's Avatar
 

Join Date: Aug 2000
Casino cash: $17730
****stick was just on talking about this.

He's ruined NFLN for me.
Posts: 52,642
BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.
  Reply With Quote
Old 02-25-2013, 08:06 PM   #17
shocked shocked is offline
Starter
 

Join Date: Apr 2010
Casino cash: $5000
The most interesting part of the Brady deal is that it allows NE to sign Welker at a cap hit, for 2013, that is almost perfectly even with the savings that Brady's extension just granted them ($8 mil for '13).

Before Brady's extension, the Pats were $15 million under the cap; and Brady's original cap hit for '13 was at $21 million-and-change. Now? That 2013 cap number is down to $13.8 mil for 2013. Saving of roughly $8 mil. Ah, so now the Pats are 23 million under the cap, right? Well, they are being rumored to sign Welker for $8 million per year; so the Pats will once again be $15 million under the cap....

Of course, the above is under the assumption that the Welker contract rumors are true (5 yrs, at $8 mil per yr) But it's pretty fair to say Brady took this hometown discount so he could keep Welker; so I'm guessing it's pretty accurate.
Posts: 78
shocked is a favorite in the douche of the year contest.
  Reply With Quote
Old 02-25-2013, 08:08 PM   #18
stonedstooge stonedstooge is offline
Arf! Arf! Arf!
 
stonedstooge's Avatar
 

Join Date: Dec 2007
Location: North
Casino cash: $18781
It'll be nice to see Tom sink with the ship
__________________
2013 ADOPT A CHIEF
Eric Kush




"Often is a word I seldom use"--JP
Posts: 22,472
stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.
  Reply With Quote
Old 02-25-2013, 08:40 PM   #19
Sorter Sorter is offline
Caralho
 
Sorter's Avatar
 

Join Date: Sep 2011
Casino cash: $12235
Quote:
Originally Posted by stonedstooge View Post
It'll be nice to see Tom sink with the ship
**** right on off.

Tom's winning another ring before he leaves. Count on it.
__________________
Quote:
Originally Posted by Mavericks Ace View Post
I have completely given up on Alex Smith as a qb. Its painful to watch. Like, worse than watching Colt McCoy.
Posts: 16,036
Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.Sorter is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 07:47 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.