Tom Brady officially signed his contract extension with the Patriots, and the numbers have been revealed. According to Field Yates of ESPN, Brady will receive a $28 million signing bonus and $41 million in new money.
Source: Tom Brady’s 2-year extension with the Patriots has officially been signed. It includes a $28M signing bonus and $41M in new money.— Field Yates (@FieldYates) March 10, 2016
His base salaries in 2016 and 2017 are $1 million, and $14 million in 2018 and 2019. His base salaries next year and in 2017 free up $1 million and $2 million in cap room respectively, making his contract one of the biggest bargains in the NFL.
He'll count $14 million against the cap in 2016 and 2017, and $22 million in 2018 and 2019. However, it's unlikely that $22 million cap hit ever materializes. Brady has been known to renegotiate his contract every couple of years, and he's always been about saving the Patriots money however he can.
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