Brady signs 2 year extension

Al Zarilla

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Not a fan at all. Brady is still playing at a very high level, but QBs just seem to drop off a cliff when they go - and there's a not-small chance that happens before the extension even begins. (of course, how big a problem that is all depends on what the numbers are)
Last season, Brady was as quick and elusive in the pocket as he ever has been. To my eye, quicker. His deep passing has dropped off but not all other kinds of passing. And, he's smarter than ever and probably wants to win more than ever. There is no better team leader in any sport, IMO.
 

mwonow

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Last season, Brady was as quick and elusive in the pocket as he ever has been. To my eye, quicker. His deep passing has dropped off but not all other kinds of passing. And, he's smarter than ever and probably wants to win more than ever. There is no better team leader in any sport, IMO.
We need a 'like' button
 

DennyDoyle'sBoil

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Please clarify - Miguel's calculations with a $20M bonus show salary cap hits of roughly $13M annually. Are you calculating differently?
The dead money is what matters. Every dollar that gets paid to him today as a signing bonus will get taken from the cap in his age 40 and age 41 years, and it's basically irrevocable. A $20 million bonus would mean he has $20 million in dead money in 2018 and 2019 ($10x2). A $30 million bonus would mean $30 million ($15x3). Etc. So, basically, if you give him a $30 million bonus today, you have bet a significant part of the future on his ability to play 16 games a year when he's 40 and 41. If he gets injured, you are $15 million in the hole per year and need another quarterback. If after two years, he decides that he just cannot perform at a high level any more and wants to retire, you accelerate $30 million to your cap in 2018.

As I said, I would not bet against Brady. But that's a different thing than saying I'm prepared to bet $30 million in cap space in 2018 and 2019 on a 40-year old being able to be an effective every-day player. If anyone can do it, Tom Brady can do it. But, holy cow that's a big risk.

Edit: "$15x3" above should be "$15x2".
 

Shelterdog

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The dead money is what matters. Every dollar that gets paid to him today as a signing bonus will get taken from the cap in his age 40 and age 41 years, and it's basically irrevocable. A $20 million bonus would mean he has $20 million in dead money in 2018 and 2019 ($10x2). A $30 million bonus would mean $30 million ($15x3). Etc. So, basically, if you give him a $30 million bonus today, you have bet a significant part of the future on his ability to play 16 games a year when he's 40 and 41. If he gets injured, you are $15 million in the hole per year and need another quarterback. If after two years, he decides that he just cannot perform at a high level any more and wants to retire, you accelerate $30 million to your cap in 2018.

As I said, I would not bet against Brady. But that's a different thing than saying I'm prepared to bet $30 million in cap space in 2018 and 2019 on a 40-year old being able to be an effective every-day player. If anyone can do it, Tom Brady can do it. But, holy cow that's a big risk.

Edit: "$15x3" above should be "$15x2".
I'm pretty sure that the bonuse would be spent over the life of the contract--the signing bonus would be split four ways over the course of the 2016-2019 seasons, so a 20 million bonus paid now would be $5 million a year for four years.
We agree on most of this. You're counterpoints when you quote me aren't really flowing with my point.
....
The other scenarios aren't worth discussing. The extended hypotheticals on playing time, performance if that happens, value if performance is ++, value if that performance is --, value of keeping JG as insurance, value of draft picks in different rounds, etc., etc.,
I'm finding your point most elusive.
 

NortheasternPJ

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The dead money is what matters. Every dollar that gets paid to him today as a signing bonus will get taken from the cap in his age 40 and age 41 years, and it's basically irrevocable. A $20 million bonus would mean he has $20 million in dead money in 2018 and 2019 ($10x2). A $30 million bonus would mean $30 million ($15x3). Etc. So, basically, if you give him a $30 million bonus today, you have bet a significant part of the future on his ability to play 16 games a year when he's 40 and 41. If he gets injured, you are $15 million in the hole per year and need another quarterback. If after two years, he decides that he just cannot perform at a high level any more and wants to retire, you accelerate $30 million to your cap in 2018.

As I said, I would not bet against Brady. But that's a different thing than saying I'm prepared to bet $30 million in cap space in 2018 and 2019 on a 40-year old being able to be an effective every-day player. If anyone can do it, Tom Brady can do it. But, holy cow that's a big risk.

Edit: "$15x3" above should be "$15x2".
So if you draft a guy and he's the "next guy" then say it's 20 mil to Brady. The going rate for QB's now is about 20 million. If the worst happens and you eat Brady's full $10-$15m each year with a guy on a rookie contract, you're still not in terrible shape. It's not ideal, but it's not a terrible bet for 2 years of one of the GOAT who loves avocado ice cream.
 

DennyDoyle'sBoil

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I'm pretty sure that the bonuse would be spent over the life of the contract--the signing bonus would be split four ways over the course of the 2016-2019 seasons, so a 20 million bonus paid now would be $5 million a year for four years.
I'm not a capologist, I'm just going by Miguel's examples, which are posted earlier in this thread. He seems to have the dead money on a $20 million bonus to be $10 million in each 2018 and 2019.

I think the reason is that Brady already has some money from a prior signing bonus that has to be added to any new bonus and spread over the four years.
 

BigJimEd

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I don't believe prior signing bonuses can be prorated further. They hit the cap in those years regardless of any extension. So Brady's previous signing bonus will still count against the cap the next two seasons and then be off the books.

Those 2019 numbers from Miguel look off. The dead money should go down from 2018.
 

DennyDoyle'sBoil

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I don't believe prior signing bonuses can be prorated further. They hit the cap in those years regardless of any extension. So Brady's previous signing bonus will still count against the cap the next two seasons and then be off the books.

Those 2019 numbers from Miguel look off. The dead money should go down from 2018.
Yeah, it looks weird, and I probably misunderstood it.
 

crystalline

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Last season, Brady was as quick and elusive in the pocket as he ever has been. To my eye, quicker. His deep passing has dropped off but not all other kinds of passing. And, he's smarter than ever and probably wants to win more than ever.
I'm 100% with you on the love for Brady.

That said, when athletes get older it's not necessarily that they fall off dramatically in skill. Aging athletes often get injured more frequently, and take much longer to recover. So let's hope the Pats beef up that OL and keep Brady clean this year.
 

amarshal2

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We just did this with a backup that never played. The trade return would be very low snd they'd burn a more valuable asset on the new backup
All backup QBs are not created equal. RM happened to be bad at football and life.

I agree it's unlikely he's traded this offseason but next offseason id expect it.
 

Stitch01

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All backup QBs are not created equal. RM happened to be bad at football and life.

I agree it's unlikely he's traded this offseason but next offseason id expect it.
If he doesn't play this year and they trade him I'd expect the return to be a low round pick.
 

sonofgodcf

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So ignoring what JG could actually fetch, is there any technical reason that the Pats can't trade for a first rounder after they've been selected? I know there was the b.s. clause about losing the highest of their 1st round picks, but what's to prevent the Pats from working a deal with a team to select the player they want, and then trading for it?
 
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What's to prevent it? Incurring the ongoing and arbitrary-and-capricious wrath of Goodell and the other owners. Anything that smells like an end-run around the penalties will be easy fodder for dumb articles talking about "those sneaky, underhanded Patriots again!", which Kraft needs more of like he needs more holes in his head.
 

bakahump

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That.....and why would a team do that.

We go back to the idea....that they dont have anything to trade thats worth a 1st. So why would a team pick a playerin the 1st......For JG?? I dont buy it. That essentially trading JG for a 1st....and we have already established that isnt happening. Hell Cjones isnt garnering a 1st rounder.....and he is probably our most valuable chip (if you/the other teams ignore the incident in the CVS parking lot)
 

tmracht

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So ignoring what JG could actually fetch, is there any technical reason that the Pats can't trade for a first rounder after they've been selected? I know there was the b.s. clause about losing the highest of their 1st round picks, but what's to prevent the Pats from working a deal with a team to select the player they want, and then trading for it?
From Miguel (@patscap) its not allowed due to the rookie pool, if they haven't traded for the pick before the selection, they won't have room in their rookie pool to afford the player.

CapSpace=$13,638,036 ‏@patscap Feb 27
CapSpace=$13,638,036 Retweeted H.Riv

None. Player would not then fit in the Patriots rookie pool

CapSpace=$13,638,036 added,

H.Riv @1standGoal12
@patscap any likelihood the Pats trade late round picks to a team, with the agreement being they draft a certain player for NE in the 1st rd
0 retweets3 likes
 

amarshal2

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#Patriots QB Tom Brady's next extension is finally filed. It's 2 years, $41M with $28M to sign. Base salaries in 2015 & 2016 now $1M.

In 2018 and 2019, #Patriots QB Tom Brady will have base salaries of $14M with roster bonuses of $1M each year.

Sorry from mobile

More guaranteed than guessed around here. Don't know what he's got left of his last bonus but the salary dropping to $1M plus $7M prorated bonus is good for 2016/17 (assume 15 was typo) cap hits. $22M cap hits in 2018/19 could make things interesting.
 

Dr. Gonzo

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Brady's extension officially filed with league. Two years, $41M. Miguel working on impact now

 

Over Guapo Grande

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Brady extension saves 3 Mil in cap space over the next 2 years. 1 Mil and then 2.

Total hit:

Tom Brady’s new cap hits by season: 2016: $14M 2017: $14M 2018: $22M 2019: $22M

Mike Loyko/Field Yates
 

Gunfighter 09

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The Pats are getting a 1/3 discount on Brady's value. In a world where Brock fucking Osweiler and Sam Bradford are worth $18M, a 38 year old Brady is worth north of $21M even with an age induced 10-15% reduction on last year's production. That doesn't account for the fact that the Pats politically cannot let Brady leave at this point.

When people try to deny that BB is the greatest coach ever, you have to also include the argument that BB is one of the top 2 or 3 GMs in the game while simultaneously being the best coach.

This, right here, Pats fans is why you can never, ever complain about Brady or Belichick. No one else has this or likely ever will again.
 

SeoulSoxFan

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Brady's extension officially filed with league. Two years, $41M. Miguel working on impact now
Per Miguel, Brady is tied for just 13th in cap hit for 2016 with Osweiler and Romo. He's also 2nd in cash intake, but who cares.

Or, as G09 mentions above, Brock fucking Osweiler and Sam Bradford.
 

SeoulSoxFan

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Per our friend Doug Kyed over at NESN:
...Brady’s deal pays him $60 million over the next four seasons. He counts $14 million against the salary cap in 2016 and 2017 and $22 million against the cap in 2018 and 2019. He has base salaries of $1 million in 2016 and 2017 and $14 million in 2018 and 2019. Brady was set to earn $19 million over the next two years.

Now he’ll be paid $30 million over the next two years, which is still a steal, considering Brock Osweiler will make $37 million over the next two seasons in his contract with the Houston Texans. Osweiler has started seven career games; Brady has started 223. The Patriots freed up $1 million in cap room this offseason and $2 million next offseason.

Those figures might seem like a bargain anyway by that time with the way NFL contracts are trending. Brady, who’s widely considered one of the best, if not the best quarterback in the NFL, will have the 18th highest cap hit among quarterbacks in 2016, behind Drew Brees, Eli Manning, Ben Roethlisberger, Matt Ryan, Joe Flacco, Matthew Stafford, Philip Rivers, Tony Romo, Kirk Cousins, Cam Newton, Aaron Rodgers, Russell Wilson, Carson Palmer, Alex Smith, Jay Cutler, Andrew Luck and Colin Kaepernick. He’ll have the 19th highest cap hit among QBs in 2017 behind the above players, while swapping out Brees, Cousins and Luck for Sam Bradford, Ryan Tannehill, Andy Dalton and Osweiler. Yes, you read that right. Brady’s cap hit is set to be lower than Bradford’s.
http://nesn.com/2016/03/tom-bradys-new-contract-is-one-of-the-biggest-bargains-in-sports/
 

Eddie Jurak

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I like the low base salary in 2016 ($1 million). That really minimizes what he will lose if suspended 4 games to start the season.
 

Fishercat

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According to Sportac, by lowering his base, he goes from potentially losing $529,411/game to $58,823/game.

Can't help but enjoy that.
 

bakahump

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And for the Salary Cap gurus......Assuming he retires in 2018?

How much "dead money"? (is it still dead money with a retirement?)
 
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This, right here, Pats fans is why you can never, ever complain about Brady or Belichick. No one else has this or likely ever will again.
The only complaints I've ever heard about Brady or Belichick from Pats fans, which weren't immediately shouted down, are of the small-bore tactical variety: not chasing some points on a last-minute-before-halftime drive in the Jets game, that kind of thing. His hit rate with draft picks, trades, coaches, and delivering on his organizational priorities (e.g. ball security, avoiding big plays, having smart players) is absolutely unreal.

If Belichick cared as much about money as he does about football players and play design, he could have been Stanley Druckenmiller or Warren Buffett. I can't even joke about the Pats building him a statue the day he retires, because they not only should, but they in fact may.
 

allstonite

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Not 100% sure about the NFL but in other leagues you get fined and the money goes to charity. You have to punish the team as well or at least not give them an incentive to "suspend" an underperforming player for shady reasons.
 

joe dokes

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Do you actually get fined when you're suspended? I thought you simply forfeit your paycheck.
This is correct. Players who get fined have automatic deductions from their paychecks. Brady just wont get a paycheck during his suspension. (that doesn't answer the question of what happens to the money that Brady doesn't get paid. I suppose he and Kraft could agree to donate it somewhere.) I suspect Goodell is staying up late trying to figure out a way to convert the "suspension" to a "fine", or have the withheld paycheck somehow be based on the contract he was playing under when he committed the violation.
 

Section30

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Given the recent actions of the NFL in stealing from the players we should demand that all transactions be transparent and made available for public review.

I mean, how can we be sure about what is currently being done with the money?



I wrote this in jest but I also have a certain amount of queasiness that it's not impossible that the NFL would find a way to keep the money.