Florio: How much did Brady's deal help Pats?

Florio: How much did Brady's deal help Pats?
February 27, 2013, 12:30 am
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Tom Brady helped out the Patriots' salary cap situation by restructuring his deal for the next two seasons and extending his deal to three extra seasons.

But while Brady may have "taken one for the team", he also takes some extra cash over the next two seasons.

Mike Florio from NBC can explain:

"Well I think there's this misperception that he actually engaged in good deeds," Florio said. "We won't know until 2015 whether or not he actually gets any less money. For the next two years he's actually getting $3 million more than he was already supposed to earn under his existing deal. Come 2015 if the Patriots don't give him more money then and say 'you're playing under a $7 million salary for 2015 even if say you're the reigning Super Bowl MVP', that's when the sacrifice kicks in for Tom Brady. For now, this looks like an effort to reduce cap numbers - and it does reduce cap numbers this year and next year - but it doesn't cost Tom Brady any money in the short term. In fact, he makes money in the next two years."

But this does help the Patriots, right? Sure does.

"This creates $8 million worth of cap space, extra cap space, that can be used to work out a deal with wide receiver Wes Welker, cornerback Aqib Talib, tackle Sebastian Vollmer or any other guys they want to try to keep on the team," Florio said. "It also gives them money to spend oif they want to try to lure safety Ed Reed away from Baltimore. Or if they become interested in adding a guy like Dwight Freeney who becomes a free agent on March 12."