FOXBOROUGH, MASSACHUSETTS – Tom Brady reportedly has agreed to a two-year contract extension with the New England Patriots.
The deal will significantly lessen Brady’s salary cap hit for 2016, which would have been about $15 million. He was due to make $9 million next season, plus a $6 million bonus, and $10 million in salary in 2017.
Brady, 38, has often redone his contract to help the Patriots’ cap situation. The four-time Super Bowl champion has said he plans to play well into his 40s. The extension would allow him to do so in New England.
The agreement was first reported by ESPN.
Brady also renegotiated his contract in 2013 to help reduce cap hits. New England was $13.6 million under the 2016 cap of $155.27 million before extending Brady.