Report: Tom Brady’s Contract Extension Includes $30 Million Signing Bonus
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BOSTON (CBS) — Monday afternoon, critics and fans alike showered praise upon Tom Brady for accepting a massive hometown discount in his new contract extension with the Patriots. But exactly how much money is Brady leaving on the table?
Tuesday, some details emerged, with ESPN.com’s Field Yates reporting that Brady’s new contract extension includes a $30 million signing bonus. That $30 million sum will be paid out between the 2013 season and February 2015.
To counter that large sum in the bonus, Brady’s annual salary will be just $1 million in 2013 and $2 million in 2014, according to the report.
In total, Yates reports the deal is for five years and can be worth up to $57 million, so long as he remains on the team.
The report shows that Brady is still leaving plenty of money on the table but is still being compensated quite well by the Patriots.