Patriots | Brady Has 2004 Salary Restructured - from www.KFFL.com
Fri, 10 Sep 2004 15:44:16 -0700
Len Pasquarelli, of ESPN.com, reports New England Patriots QB Tom Brady restructured his 2004 base salary from $5.5 million to $535,000, which is the league minimum for a five-year veteran. New England then made up the difference by giving Brady a $4.965 million signing bonus. The deal helps the Patriots get under the league's $80.5 million spending limit. However, the restructuring maneuver is believed to raise Brady's 2005 cap charge to around $10.29 million. His 2006 cap charge is also believed to exceed $14 million.