According to Schefter, New England will add $5 million of performance-based incentives to Brady’s contract to bring his 2018 earnings to $20 million if he’s able to reach the thresholds.
Schefter adds that the adjustments to Brady’s contract should be official in the next 24 hours.
Brady has been vastly underpaid by market value standards for years now, but it sounds like the Patriots plan to do right by him and include reachable incentives that should close the gap to some degree.
Brady, 41, is a former sixth-round pick of the Patriots back in 2000. He signed a two-year, $41 million contract extension with the Patriots back in 2016, which included a $28 million signing bonus. Brady stands to make a base salary of just $15 million in both 2018 and 2019.
In 2017, Brady appeared in all 16 games for the Patriots and threw for 4,577 yards while completing 66.3 percent of his passes to go along with 32 touchdowns and eight interceptions. Pro Football Focus has him rated as the No. 1 quarterback out of 39 qualifying players.