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

(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.