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
APR 23 Joel Corry
The 49ers have a multitude of options for how to handle the star pass rusher’s contract situation.
APR 22 Jerry Angelo
A former general manager shares the tricks of the trade when it comes to the NFL’s annual selection show.
APR 21 National Football Post
The "Intro to Scouting" graduates' takes on the talented RB prospect.