Peter King reported last night that Patriots owner Robert Kraft had told him that they have reached a four-year agreement with Tom Brady.
Adam Schefter followed up King’s report with the specifics. Brady will get a total of $72 million over four years which will include $48.5 million guaranteed. This contract will make Tom Brady the highest paid player in NFL history which shouldn’t last that long considering that Peyton Manning and his agent have been waiting for this deal to be finalized before they started negotiations with the Colts.
The interesting thing about Brady’s new deal is that it will actually pay him less guaranteed money than Sam Bradford‘s rookie deal. Thankfully for Brady and other veteran NFL players, rookie guarantees are not the same as veteran guarantees. Veterans who sign a contract will have the total contract guaranteed while rookies receive only a portion of their contract guaranteed.
The Patriots should feel good about extending Brady since they would be hard-pressed to replace him for the coming years. It should also help their reputation for not paying their veteran players. At least they can point to one person that they gave a competitive extension to.