Tom Brady, New England Patriots, Quarterback Tom Brady signed a four-year contract extension with the New England Patriots that will be officially filed with the NFL on Friday, a source close to the negotiation confirmed Thursday night.
Brady's four-year deal is worth $72 million and includes $48.5 million guaranteed, a source familiar with the deal told ESPN NFL Insider Adam Schefter. The extension gets added onto the final year of Brady's contract and goes through 2014, when he will be 37 years old. Brady has said that he wants to play until he's 40.
Brady, who was picked by the Patriots in the sixth round of the 2000 draft, is making $6.5 million this season in the final year of a 4-year, $48 million extension. Had he not finalized the new deal, he would have gone into the final year of his contract for the first time in his career.
Sports Illustrated's Peter King first broke news of the agreement during halftime of NBC's broadcast of the NFL's season-opening game between the New Orleans Saints and Minnesota Vikings, saying he spoke to Patriots owner Robert Kraft, who told him the deal was finalized.
The agreement comes on the same day as Brady was involved in a two-car accident near his home in Boston. He walked away from the crash uninjured and practiced with the Patriots on Thursday afternoon.
It's unlikely that the accident had any impact on the deal being signed Thursday, but it was important to Brady to get the contract finalized before Sunday's season-opener against the Cincinnati Bengals. After all, it was only two seasons ago that Brady's season was ended in the first quarter of the first game of the year when Kansas City Chiefs safety Bernard Pollard rolled into Brady's knee, tearing his ACL.
Get the Full Information on : Tom Brady, New England Patriots agree on a 4-year contract extension, according to source close to negotiation
Brady's four-year deal is worth $72 million and includes $48.5 million guaranteed, a source familiar with the deal told ESPN NFL Insider Adam Schefter. The extension gets added onto the final year of Brady's contract and goes through 2014, when he will be 37 years old. Brady has said that he wants to play until he's 40.
Sports Illustrated's Peter King first broke news of the agreement during halftime of NBC's broadcast of the NFL's season-opening game between the New Orleans Saints and Minnesota Vikings, saying he spoke to Patriots owner Robert Kraft, who told him the deal was finalized.
The agreement comes on the same day as Brady was involved in a two-car accident near his home in Boston. He walked away from the crash uninjured and practiced with the Patriots on Thursday afternoon.
It's unlikely that the accident had any impact on the deal being signed Thursday, but it was important to Brady to get the contract finalized before Sunday's season-opener against the Cincinnati Bengals. After all, it was only two seasons ago that Brady's season was ended in the first quarter of the first game of the year when Kansas City Chiefs safety Bernard Pollard rolled into Brady's knee, tearing his ACL.
Get the Full Information on : Tom Brady, New England Patriots agree on a 4-year contract extension, according to source close to negotiation