Tom Brady is a Patriot for Life

The New England Patriots agreed to a three-year, $27 million contract extension with future Hall of Fame quarterback, Tom Brady.

The contract extension lowers his average base salary and saves the Patriots $15 million in cap space. His old deal was scheduled to pay him $9.75 million in base salary for each of the next two seasons. This reduction allows the Patriots to go after other free agents this off-season.

Although his base salary has decreased, Brady is now under contract for five seasons with $57 million guaranteed, instead of $30 million guaranteed over two seasons.

Brady’s salary cap charges are now:

2013: $13.8 million

2014: $14.8 million

2015: $13 million

2016: $14 million

2017: $15 million

At age 35, Brady has not skipped a beat. He threw for 4,827 yards, 34 touchdowns and just eight interceptions last season, while taking his team to the AFC Championship game.

Brady is now under contract with New England through the 2017 season, which is after his 40th birthday.  It is safe to say that Tom Brady will be a New England Patriot for life.