The New England Patriots are an NFL franchise that doesn't mind cutting ties with anyone, regardless of stature, in order to continue as a successful franchise. According to ESPN on Feb. 25, they still find value in quarterback Tom Brady, and re-signed him to a new three-year extension.
The new Tom Brady deal is worth $27 million for the three seasons and will keep him as the Patriots' quarterback through 2017. The deal includes a $3 million signing bonus and salaries of $7 million, $8 million and $9 million over the three years. At that point, Brady will turn 40.
The move almost assured the Patriots that Brady will retire as their quarterback.
The move also helps New England by freeing up $15 million of salary cap money over the next two seasons. This move was a very generous move for Brady. While men like Peyton Manning and Drew Brees have signed giant contracts, Brady took half of what they settled for in order to remain with the team he loves. It also helped him move towards his goal of playing until he is 40.
By taking less money, he helps the New England Patriots be able to afford to surround him with better talent. He has led the Patriots to five Super Bowls, winning three of them. Now, Brady will see if the trust he has in New England will pay off and they will spend the money they saved by signing quality talent to help Brady lead them back to another Super Bowl.