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Patriots quarterback Tom Brady restructures contract 03.21.12 at 11:28 pm ET
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Tom Brady has redone his contract, according to NFLPA documents. (AP)

Patriots quarterback Tom Brady has restructured his contract.

Brady, who signed a four-year, $72 million extension in September 2010, was initially scheduled to make $5.75 million in base salary with a $6 million roster bonus and $250,000 workout bonus this season. Under the new agreement (first reported by Brian McIntyre of Mac’s Football Blog), Brady’s base salary was reduced to a fully guaranteed $950,000, with the remaining difference ($4.8 million) combined with the roster bonus and converted into a $10.8 million signing bonus that will be prorated over the three remaining years on Brady’s contract.

By restructuring Brady’s deal, the Patriots freed up $7.2 million in cap space.

This is not the first time Brady has restructured his deal. In the spring of 2007, he reworked his deal to allow for more cap flexibility when it came to adding wide receiver Randy Moss. On that occasion, Brady initially had a base salary of $6 million, but the quarterback and the Patriots did some shuffling, and redid the deal so Brady received a signing bonus of $5.28 million and had his base salary reduced to $720,000.

Read More: Brian McIntyre, Randy Moss, Tom Brady, Print  |  Bark It Up!  |  Digg It
  • Anonymous

    32 million dollars is all it would have taken to keep Cabrera at SS. I can’t fault Theo for signing Renteira,but letting him go after one year,and paying his salary as well, made no sense. Had they signed Cabrera, SS would have been set for years,with millions of dollars saved.. Without Cabrera, there would have been no 04 WS. Playing the rest of his career in Boston might have added 60 doubles,20 HR’s and 100 more hits to his career numbers.

  • Robert

    THEO SHOULD HAVE KEPT ORLANDO AND NOT GONE THRU ALL THOSE OTHERS LIKE HE DID.

  • Bharvishsom

     should have keep cabrera in the first place its that simple i was pissed they let him walk. had a feeling that the renteira marriage wasn’t going to be good and it ended sooner then i or anybody else expected!

  • http://twitter.com/ltcmiked Mike Donahue

    Agree w/ all the comments about keeping Orlando — the best addition of the 04 team.  would have saved us money and frustration over the SS revolving door.  He was a bargain compared to Rentawreck and Lugo.  But there has to have been something about him that made signing him a nonstarter.  There have been rumors of him having tons of baggage.  Why else would such a good player bounce around so many team since ’04 — BOS, LA, CHI, OAK, MIN, CIN, CLE and SF — 8 teams in 8 years.  Gotta be some personal issues for that.

  • Stephen Terpko

    thier was a rumor that orlando was having an affiar with kieth foulke wife and Terry said he did not want to have that type of person in his clubhouse

  • Anonymous

    That’s no reason to get rid of a guy. These things can be figured out later. Thats’ how the Sox were able to steal Eck from Cleveland at the begining of ’78, for nearly nothing.  A teammate was involved with his wife.  Still hate to read “Rent a Wreck”.  Edgar had a good year in 05, and would have been better after the one year adjustment.  I think Boston fans had as much to do with driving him out of town as anyonne did.  Still,letting Cabrera walk tarnished Theo’s bravest,and smartest move. Trading Nomar.

  • Disraeli

    Tom Brady is all about team yes he will get all of his money,but he is willing to wait to help the TEAM…………………………………………………………………………………………………………………………..

  • big93mike

    Gisele will just have to make up the difference this year. Must be nice.

  • Hsgfrehf

    gisele makes up the difference in one year she cakes it

  • Alcroft

    I like what Tom Brady has done over the years with his contract.Not like some NFL players who are nothing more than Me Me’s, all for me and none for you. Although Tom makes 18 million a year, he still loves to play football and wants to do the best for his team. If it means bringing in some good players to compliment the team he takes less money to do so. I also think he knows that his time is running out to win another Super Bowl title and now is the time to get it done. I believe if the Patriots ownership would have gotten a few more good receivers, pass rushers, and improved the secondary last year they would have won Super Bowl 2011. Let us not forget that fourth quarter where Tom had nowhere to through the ball. It took a lucky throw and catch by Eli Manning to give the Giants another Super Bowl. The Pats should have had a lot more points up on the board already with a few more good men on the field. Tom is doing his part, now it time for the Krafts and Patriots braintrust to build a Super Bowl caliber team for 2012. Find, sign and then keep a couple of outstanding pass rushers. Find and sign a couple of strong safeties like Rodney Harrison caliber. Get it done this time! Stop making me see Tom waisting his superior talents.

  • Lkj

    But wait a minute, Greg Bedard told me that only dumb teams restructure contracts again and again (thus pushing money down the road) in order to free up cap space for today?

    You have to pay that money at some point, right Greg?

    The salary cap isn’t a complete joke, no, not at all!

  • Billl32001

    We are so gratefull he is on our team, thank you Tom Brady!

  • Anonymous

    Gee, and Peyton didn’t sign with the Broncos for the money…uh huh

  • http://profile.yahoo.com/CZD5ADWJIETQQZMUK4HWHINFP4 A JM

    This coming season is it !! The Pats are building correctly on BOTH sides of the ball!

  • http://profile.yahoo.com/CZD5ADWJIETQQZMUK4HWHINFP4 A JM

    There IS definitely a difference in those 2 great QBs. Brady is DEFINITELY a team player and Peyton IS about Peyton.. He does love to win, but he wants you to know it is because of him.

  • JimDaytona

    I agree with all, it is great Brady can and would do this for the Pats and his team to get into a better position to win with the signing other players. He still has a lot of money coming via his contract, endorsments, and his of course his very cool mate supplements it all very nicely.

  • SamL

    a man of class and honor.  Thanks, Mr. Brady!

  • Moneyball

    I don’t think the restructuring affects when he gets his money; only how it is pro-rated for cap purposes.

  • Drrummel

    I hope this will help us land Jared Allen..l

  • Joborsky2002

    Guys I think we are missing something here…In the post is sais the last time he did this Randy Moss was signed, so does this not point to maybe another signing, I meen 7.2 mill is not just to free up for Draft picks, because we know those will be traded down. Could it be to save his buddy Branch? is it to go after a RB? I think that Tom is a great player and a great team first guy and when he is finally done here in NE we will never see the likes of a player like him ever again!!!! Just like with Larry Bird, never has talent like that come through the door yet!!  So say all you want, complain all you want, I am just going to enjoy the next 4yrs and hope for the best!!!!!

  • http://www.facebook.com/people/John-Wesley-Harding/623591591 John Wesley Harding

    If they waste that money to sign Branch I will be p$$ed

  • paul

    what a good guy and teammate

  • Mr Jibz

     Could this money be for a rb now that the lawfirm is gone , say….. michael bush ?  or a trade for one of the Carolina backs ?? I hope so. Brady, like all qbs, needs a running game.

  • Billy

    Hopefully the Pats will put the money to good use after losing Mark Anderson and BenJarvis Green-Ellis to free agency, and knowing that Mankins and Gronkowski will be coming off surgeries.

  • Billy

    Hopefully the Pats will put the money to good use after losing Mark Anderson and BenJarvis Green-Ellis to free agency, and knowing that Mankins and Gronkowski will be coming off surgeries.

  • http://www.facebook.com/people/John-Wesley-Harding/623591591 John Wesley Harding

    I would love it if TB did this with the agreement BB will try to get Wallace. Never happen, I know.

  • anguillaman3

    Who doesn’t love Brady…but FYI….word is and its not a big secret that his wife makes more dough than he does.

  • Rijg320

    I am curious to see the reasoning behind brady restructuring his contract! seems a little odd…. wonder if something is coming up on the horizon

  • Dan in N.

    That is what “CLASS” is about !!  To bad other pro’s can’t emulate this guy. He’s in a league of his own.

  • Maumulcahey

    Is Tom Brady still in new England patrets he will stay in new England love Maureen Mulcahey

  • Tito

    All of you are Morons. Big deal. He restructured his contract. He is still getting the same money, just larger payments over a longer time. Wow. what a great guy. 

  • Benny

    Bush has already signed my friend…I would have liked to see them grab Jacobs, just as a goal line,smash mouth option, and let Ridley handle the full time duty, but Jacobs is off the market now…I think Ridley can be a viable option as an every down back.  Hopefully he can learn to hold on to the ball…The Brady restructuring may be a sign that they plan on using both of their 1st rounders, or they plan on moving uo, if they can…Bottom line is Brady is probably one of the most “team oriented” players in the NFL!!!  Great guy to have on you’re team!!!

  • Benny

    Well, well, well, the infamous troll Tito has shown himself!!  Tito, are you a complete moron, or do you just say dumb things to stir the pot??  Brady had no obligation to do this!!!  Yes, he will get his money in the end, but a lot of players would want their money this year, compared to spreading it out over the life of their contract!!  The guy is a great team player, and has always done whats best for the organization, but I would’nt expect a troll like yourself to comprehend that!!  Do us all a favor, and go post on a Yankees or Packers forum, you front running jerk!!!

  • AL34

    It was Rick Manning having an affair with Denise Eckersley? Great character.

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