Joe Posted May 7, 2005 Share Posted May 7, 2005 ESPN news is reporting the Patriots have signed Brady to a new 6 yr. $60 mil contact with a signing bonus of 24-25 mil paid out in installments to help with the cap. Link to comment Share on other sites More sharing options...
UConn James Posted May 7, 2005 Share Posted May 7, 2005 Wow. A bargain considering Peyton's $99M over 7 years and a $34M signing bonus. And say what you want about Brady's abilities, but he's the one with the rings.... Link to comment Share on other sites More sharing options...
JimBob2232 Posted May 7, 2005 Share Posted May 7, 2005 Well...is the 25M bonus included in the 60M figure? I hope not. I would love to see the pats in cap hell someday. Unfortunatly, this seems like a reasonable deal. I would like to see more specifics. Link to comment Share on other sites More sharing options...
UConn James Posted May 7, 2005 Share Posted May 7, 2005 Link. According to documents obtained by ESPN.com, the contract includes a $14.5 million signing bonus and a $12 million option bonus that is due next spring. The base salaries are $1 million (for 2005), $4 million ('06), $6 million ('07), $5 million ('08), $2.3 million ('09) and $3.5 million ('10). There are roster bonuses of $3 million each in the final three years of the contract. Brady will have a salary cap charge of $8.429 million for 2005, which is between $1.5 million and $2 million less than under his old contract. But his cap number for 2006 jumps to a prohibitive $14.423 million, meaning the contract will have to be revisited probably by converting the option bonus into a signing bonus, which can then be prorated. Doesn't look like a back-breaker (sh--!), especially given that the cap will be going up b/c of the new TV deals. Link to comment Share on other sites More sharing options...
JimBob2232 Posted May 7, 2005 Share Posted May 7, 2005 Looks like a good deal to me. If I was a GM this is about how I would structure it. You front load the contract, eating most of the cap hit early on. 2006 will hurt them, but ty law will be off the books, and if they can get through 06 without restructuring it, they have a good deal with their QB until 2010. Link to comment Share on other sites More sharing options...
Dr. Fong Posted May 7, 2005 Share Posted May 7, 2005 Seems like to me that Tom Brady realizes that being a good team is in his best interest and the best way to ensure that he's on a consistant winner is to not cripple the team's salary cap. I wish more players around the NFL would take that attitude. Link to comment Share on other sites More sharing options...
TheMadKat Posted May 7, 2005 Share Posted May 7, 2005 ESPN news is reporting the Patriots have signed Brady to a new 6 yr. $60 mil contact with a signing bonus of 24-25 mil paid out in installments to help with the cap. 331112[/snapback] Brady got screwed! He'll barely be able to feed the kids... Link to comment Share on other sites More sharing options...
Spiderweb Posted May 7, 2005 Share Posted May 7, 2005 Brady got screwed! He'll barely be able to feed the kids... 331136[/snapback] ....as Sprewell would have angrily stated......... Link to comment Share on other sites More sharing options...
JimBob2232 Posted May 7, 2005 Share Posted May 7, 2005 Seems like to me that Tom Brady realizes that being a good team is in his best interest and the best way to ensure that he's on a consistant winner is to not cripple the team's salary cap. I wish more players around the NFL would take that attitude. Me too. Except for patriots! Link to comment Share on other sites More sharing options...
MadBuffaloDisease Posted May 7, 2005 Share Posted May 7, 2005 They're not Manning numbers, but they're still a ton more than the Pats have been seeing in cap hit for Brady. Considering that last year, Brady's cap hit was just $5M, the jump up to ~$8.5M, and then considerably more after that, will affect the team, much like Manning's contract has affected the Colts' team, in terms of getting a good enough defense. I mean he effectively gets paid $26.5M in bonus, since there's no way he's gone after this coming season (except due to injury). Link to comment Share on other sites More sharing options...
Joe Posted May 7, 2005 Author Share Posted May 7, 2005 They're not Manning numbers, but they're still a ton more than the Pats have been seeing in cap hit for Brady. Considering that last year, Brady's cap hit was just $5M, the jump up to ~$8.5M, and then considerably more after that, will affect the team, much like Manning's contract has affected the Colts' team, in terms of getting a good enough defense. I mean he effectively gets paid $26.5M in bonus, since there's no way he's gone after this coming season (except due to injury). 331145[/snapback] They saved about 2 mil against the cap this year with this extension. Link to comment Share on other sites More sharing options...
VABills Posted May 7, 2005 Share Posted May 7, 2005 They were talking about it on espn sports radio today, while I was driving around. It is 26 million in guarentees which is included in the total 60 million. They were saying that it is pretty workable and with escalators and other incentives he maybe able to have all 6 years with the Pats under the contract without completely detroying their cap. They said even in the last year it is projected at only 10% of the cap and for a francise QB that's great. Link to comment Share on other sites More sharing options...
MadBuffaloDisease Posted May 7, 2005 Share Posted May 7, 2005 It doesn't destroy their cap, but it's well above the cap hits they were taking the past 5 years. That will effect them in terms of getting and keeping players. Link to comment Share on other sites More sharing options...
ATBNG Posted May 7, 2005 Share Posted May 7, 2005 It doesn't destroy their cap, but it's well above the cap hits they were taking the past 5 years. That will effect them in terms of getting and keeping players. 331185[/snapback] Keep in mind that Ty Law comes off the books - they got almost nothing out of him for a 10 million cap figure last year and still won a championship. Brown was the third highest charge and also is gone. The team is in great financial shape. I don't think you'll find any Patriots' fans complaining - this seems like an outstanding deal. I think Brady could have gotten more on the open market. Link to comment Share on other sites More sharing options...
MadBuffaloDisease Posted May 8, 2005 Share Posted May 8, 2005 Keep in mind that Ty Law comes off the books - they got almost nothing out of him for a 10 million cap figure last year and still won a championship. Brown was the third highest charge and also is gone. The team is in great financial shape. Ty Law doesn't factor into anything. This was his last year under his old contract anyway, and he was already released, meaning his dead cap hit is already accounted for, all in this year. And the Pats were just $1.5M or so under the cap before Brady's redo, and now gain an additional $1.5M, with about that much going to Chad Brown. I don't think you'll find any Patriots' fans complaining - this seems like an outstanding deal. I think Brady could have gotten more on the open market. He definitely could have gotten more on the open market. But he's still being paid a ton, and again, a hell of a lot more than he's ever been paid. Link to comment Share on other sites More sharing options...
Thurman's Helmet Posted May 8, 2005 Share Posted May 8, 2005 It doesn't destroy their cap, but it's well above the cap hits they were taking the past 5 years. That will effect them in terms of getting and keeping players. 331185[/snapback] Somehow I feel comforted as you continue to prognosticate doom upon the Pats. Keep up the good work! Link to comment Share on other sites More sharing options...
MadBuffaloDisease Posted May 8, 2005 Share Posted May 8, 2005 Somehow I feel comforted as you continue to prognosticate doom upon the Pats. Keep up the good work! It's over. But you can feel good about the past 4 years if you like. Link to comment Share on other sites More sharing options...
lawnboy1977 Posted May 8, 2005 Share Posted May 8, 2005 You knew that he would sign some sort of extenstion with the team eventually, and from the looks of it, he made out pretty good. One thing I don't agree with some people saying is how guys shouldn't take less money to stay with a team. I know Milloy said that, and I'm glad he did what he did cos now hes a bill, and he of course did what was best for him, but you gotta think some guys sign for less and know they are hooked up, Brady is going to have a life after football now doubt, and the guy is what, 27? my point I guess is that its good to see some guys stay with their teams for less when they know they will make out pretty damn good in the end, and for a guy like brady, with all his enndorsements, I'd say he'll make out good in the end. Link to comment Share on other sites More sharing options...
ATBNG Posted May 8, 2005 Share Posted May 8, 2005 It doesn't destroy their cap, but it's well above the cap hits they were taking the past 5 years. That will effect them in terms of getting and keeping players. 331185[/snapback] Again, this was your quote. Last year they paid around 15.2 million to Law and Brady on the cap - their top two players for 2004. Law, as you know, didn't even play the last 12 games, in which they went 11-1 and won a championship. In 2003, they paid the same two players just over 12 million. Next year, they'll pay Brady 8.5 and Law 3.2 in DM. So, right there they're 3.5 million ahead of where they were in 2004, and even ahead of where they were in 2003. Including the cap going up in value, they'll have more money to spend getting and keeping players than they did in 2004. It's not going to (sic) "effect" them. Have you ever made a post about the Patriots that was remotely accurate? Between that and Travis's 1600 yards next year.... Link to comment Share on other sites More sharing options...
Hollywood Donahoe Posted May 8, 2005 Share Posted May 8, 2005 It's over. It wasn't "over" the first 8,000 times you predicted it would be. Do you really think this instance will be any different? Link to comment Share on other sites More sharing options...
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