Brady signs 3-year, $27M contract extension with Patriots

February 25, 2013, 5:03 pm
Print Article

(NECN) – The New England Patriots and Tom Brady agreed to a new contract extension that will likely keep him in New England until the end of his career.

The new contract keeps Brady in a Patriots uniform until he's 40 years old.

Comcast SportsNet's Tom E. Curran is confirming a Sports Illustrated report that the extension is a bargain, paying Brady $27 million between 2015 and 2017. The quarterback would probably be worth twice that on the open market.

More importantly, it significantly lowers Brady's salary cap hit over the next two years, giving the team more money to sign other players.
Read more at Comcast SportsNet.

Tags: nfl, contract, quarterback, New England Patriots, Tom Brady, New England, contract extension, agreement
Donald Sterling has been battling his estranged wife, Shelly, in court over team sale she negotiated
Tom Glavine, born in Concord and raised in Billerica, joins fellow former Braves pitcher Greg Maddux and manager Bobby Cox as 2014 inductees
In return, the Boston Red Sox will gain two minor-league pitchers