Tom Brady has agreed to a three-year, $27 million contract extension with the New England Patriots, per Sports Illustrated's Peter King.
The extension keeps Brady under contract with the Patriots through the 2017 season, but also provides the club with some significant cap relief. Brady was set to count around $43.6 million combined over the next two seasons. The new extension spreads that out to where Brady will only count a combined $28.6 million against the Patriots cap in 2013 and 2014.
With the salary cap being relatively flat, the $15 million in cap space over the next two years could be invaluable as the Patriots flesh out the rest of their roster.
Follow me on Twitter @TerryMc13
Terry McCormick covers the Titans for TitanInsider.com
DEC 19 Joel Corry
A look at how the Chicago Bears could swing a trade to deal their high-priced quarterback.
DEC 12 Joel Corry
Should San Francisco decide to part ways with its quarterback, here’s how it would work.
DEC 10 Erik Oehler
Sometimes they aren't out to get you.