Patriots, Brady nail down contract extension

Written by Chris Kolb

Topics: New England Patriots

Two days ago, we posted an article outlining the status of New England’s contractual negotiations with future Hall of Fame quarterback Tom Brady. At that time, it seemed as though a deal was imminent and sources close to the situation agreed, but nothing was set in stone.

Any notion that an agreement wouldn’t be completed was put to rest though earlier tonight, as the Patriots reached an accord with Brady, finalizing a four year extension worth an estimated $72 million. Brady is guaranteed $48.5 million in the deal and is now set to play in New England through 2014 at the very least.

Brady will now make approximately $18 million per season, the $6.5 million he’s earning this year notwithstanding. That keeps him above the threshold he reportedly set in the negotiations, preferring to make more than Giants quarterback Eli Manning, who is currently taking home about $16.4 million per season.

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