Last updated on March 10, 2016 12:10 PM EDT
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|Roster Bonus||Workout Bonus||Total Cap Figure||Cash Received||Remaining Guaranteed Money||Cap Hit if Cut||Cap Savings if Cut or Traded||Comments|
|2000||$193,000||$12,833||$205,833||$231,500||$38,500||$38,500 signing bonus|
|2002||$375,000||$712,833||$3,780||$1,091,613||$3,878,780||$3,512,834||$3,500,000 signing bonus|
|2003||$450,000||$2,868,750||$4,700||$3,323,450||$9,129,700||$11,475,000||$6,000,000 option bonus
$2.675m of $3.125m 2003 salary converted into a signing bonus
|2004||$535,000||$4,523,750||$4,200||$5,062,950||$5,504,200||$15,071,250||$4.965m of $5.5m 2004 salary converted into a signing bonus|
|2005||$1,000,000||$7,423,750||$4,180||$8,427,930||$15,504,180||$23,547,500||$14.5m signing bonus|
|2006||$4,000,000||$9,823,750||$4,840||$13,828,590||$16,004,840||$26,623,750||$12,000,000 option bonus|
|2007||$720,000||$6,620,000||$5,160||$7,345,160||$6,005,160||$23,580,000||$5.28m of $6m 2007 salary converted into a signing bonus|
|2008||$5,000,000||$9,620,000||$3,000,000||$1,320||$14,621,320||$8,001,320||$15,640,000||3 million Roster Bonus due 1st day of League Year|
|2009||$5,000,000||$9,620,000||$3,000,000||$14,620,000||$8,000,000||$10,340,000||3 million Roster Bonus due 1st day of League Year|
|2010||$7,500,000||$6,920,000||$3,000,000||$17,420,000||$26,500,000||3 million Roster Bonus due 1st day of League Year
$16 million signing bonus
|2011||$5,750,000||$3,200,000||$4,000,000||$13,200,000||$10,340,000||4 million Roster Bonus due 15th day of League Year|
|2012||$950,000||$6,800,000||$250,000||$8,000,000||$12,000,000||$20,400,000||6 million Roster Bonus and $4.8m of $5.75m salary converted into signing bonus|
|2013||$1,000,000||$12,800,000||$13,800,000||$31,000,000||$46,600,000||$30,000,000 signing bonus. 1 million dollar salary fully guaranteed|
|2014||$2,000,000||$12,800,000||$14,800,000||$2,000,000||$32,800,000||$32,800,000||$2,000,000 salary is fully guaranteed|
From CBS Sportsline's Signing status of AFC 2000 draft picks. Signing bonus: $110,000. Base salaries: $193,000 (2000); $275,000 (2001); $358,000 (2002). Total: three years, $864,400. While CBS Sportsline lists Brady's signing bonus as $110,000, Len Pasquarelli while writing for ESPN listed Brady's 2002 cap figure as $399,833, which would mean that his prorated signing bonus is $12,833 since it would be mean that his signing bonus was $38,400, which seems to be the more reasonable number for a 6th-round pick. I remembered recently in a Boston Globe article that Brady had earned about $70,000 in playing-time incentives this year.
May 9, 2002 update - AdamJT13 in a post to the Patriots NewsGroup wrote:"Brady's cap number is $432,873. He has a $375,000 base salary, a $12,833 prorated signing bonus, a $5,040 workout bonus and $40,000 in LTBE incentives (which formerly were NLTBE)."
August 29, 2002 update - From the Boston Globe - "Brady received $4 million of the bonus when he signed the contract, and that will be added to his $375,000 salary for the season. On the first day of the 2003 season, the Patriots have the right to exercise a $6 million option for the rest of the bonus. The contract runs through the 2006 season, and is structured similarly to Richard Seymour's. He signed a two-tiered bonus last year."
September 2 update - From the Boston Herald - "As part of his five-year, $30.52 million deal, Brady will earn $250,000 for every AFC championship and an additional $250,000 for every Super Bowl win he is the quarterback for. He won't receive any bonus money for making his second Pro Bowl, but every Pro Bowl selection thereafter will earn him $500,000. An NFL MVP award is also good for $500,000, while an NFL Offensive MVP award will net him $250,000. Brady received a two-tiered signing bonus worth a total of $9.5 million ($3.5 million this year and $6 million next March). He will keep his $375,000 base salary this year before his salary jumps to $3.1 million in 2003, $5.5 million in 2004, $5.5 million in 2005 and $6 million in 2006.Brady's cap number is only $1.075 million this season. His cap charge jumps to $5.3 million in 2003, $7.7 million in 2004, $7.7 million in 2005 and $8.7 million in 2006. The high cap numbers later in the deal will likely force a restructuring in a few years."
September 4, 2002 update Len Pasquarelli reported that "the contract extension signed by New England Patriots quarterback Tom Brady last week is worth more than $30 million in so-called "new money" and keeps his salary cap number more than palatable for this season before escalating dramatically in cap value in its later years. According to NFL Players Association documents obtained by ESPN.com, the third-year veteran received a signing bonus of $3.5 million but kept his 2002 base salary at $375,000, the amount negotiated in his initial rookie contract in 2000. His salary cap value for 2002 is just $1.091 million. But after this year the value of Brady's contract, and the cap charges, spiral upward. Brady is due a $6 million option payment next March (March, 2003) to trigger the remainder of the contract. The base salaries for the four-year extension portion of the deal then become $3.125 million (2003), $5.5 million (2004), $5.5 million (2005) and $6 million (2006). The final season also includes $500,000 in incentives. There are workout bonuses of $5,600 each for 2003 and 2004 and $6,160 each for 2005 and 2006. The total "new money" is $30.148 million. ...The future salary cap charges: $5.33 million ('03); $7.705 million ('04); $7.706 million ('05); and $8.706 million ('06). The term "new money" refers to the total value of the contract, minus what Brady was due under his original deal. The per-year average for the extension is a whopping $7.537 million."
March 26, 2003 update It appears that Brady restructured his contract sometime during late March. The Ickster posted on the KFFL forum that "the NFLPA website is now listing his (Brady) base salary at $450K, where it previously was listed at $3.125M. The $2.675M was probably guaranteed and treated as signing bonus, spread at $668.75K per season over the remaining 4 years of his deal. In short, the move clears $2,006,250 of room on the 2003 cap." I would like to thank the Ickster for pointing out Brady's restructure to the rest of the Patriots fan community.
March 27, 2003 update ESPN.Com's Len Pasquarelli reported that "the maneuver further increases Brady's already lofty cap values for the 2004-2006 seasons by about $670,000 each year. The new cap values for those years become roughly $8.374 million each for 2004-05 and $9.374 for 2006".
December 1, 2003 update Brady's 2003 cap number is $3,323,450 ($450,000 base salary, $2,868,750 signing bonus proration, $4,700 workout bonus) with an additional $500,000 in NLTBE incentives. Brady's 2004 cap number currently is $8,374,350 ($5.5 million base salary, $2,868,750 signing bonus proration and $5,600 workout bonus) with an additional $500,000 in NLTBE incentives. His cap numbers are $8,874,910 for 2005 and $9,374,910 for 2006.
September 10, 2004 update From the Boston Herald - "Sources confirmed last night that the Pats guaranteed Brady's $5.5 million base salary in 2004, a maneuver that saved the Pats around $3 million against this year's salary cap but pushed Brady's future cap numbers into Law's neighborhood." Brady's 2004 cap number is now $5,064,350.
October 17, 2004 update Len Pasquarelli reported that "It is believed that Brady's cap charge for 2005 is now about $10.29 million and that his charge for the 2006 season exceeds $14 million."
April 2, 2005 update Pete Prisco reported that Tom Brady "has a cap figure of $10.02 million this season and $14.02 million in 2006 (including a $3 million roster bonus)."
May 8, 2005 update ESPN.Com's Len Pasquarelli reported that "according to documents obtained by ESPN.com, the contract includes a $14.5 million signing bonus and a $12 million option bonus that is due next spring. The base salaries are $1 million (for 2005), $4 million (2006), $6 million (2007), $5 million (2008), $2.3 million (2009) and $3.5 million (2010). There are roster bonuses of $3 million each in the final three years of the contract. Brady will have a salary cap charge of $8.429 million for 2005, which is between $1.5 million and $2 million less than under his old contract. But his cap number for 2006 jumps to a prohibitive $14.423 million, meaning the contract will have to be revisited probably by converting the option bonus into a signing bonus, which can then be prorated. There are also guarantees, such as injury guarantees in the 2007 and '08 seasons, in the deal. Over the first three years of the contract, a measuring stick that is often used now by many agents and teams to gauge comparative value, the deal averages $13.111 million." Adamjt13 supplemented Pasquarelli's report with "Brady's entire $6 million salary in 2007 and $2 million of his salary in 2008 are guaranteed if he's injured" and "the option is only for 2010, so he would still be signed through 2009. But his 2006 salary would jump to $6.7 million, fully guaranteed if he gets injured, and his 2009 salary would jump to $5 million. My note: Brady's 2006 option bonus is already being prorated. I can't explain why Pasquarelli would write what he did but I do know that he was wrong.
June 14, 2005 update Nick Cafardo reported in the Boston Globe: "Some interesting tidbits from the 22-page contract of Patriots quarterback Tom Brady, which was signed May 4:
Signing bonus - $16 million
The below is my take on Brady's salary cap numbers bonuses
"Had 1 year left (2010) for a total of 6.5M ($3M bonus already received and $3.5M salary).Cash Earned increase this year is 20M in salary and new signing bonus.
Averages Per Year
Offseason workout bonus
December 8, 2013 update On March 21, 2012 Mac's Football Blog reported that "Signed to a four-year, $72 million contract extension on September 10, 2010, Brady was scheduled to earn $5.75 million in base salary with a $6 million roster bonus and $250,000 workout bonus this season. Under the restructure, Brady's base salary was reduced to a fully guaranteed $950,000, with the leftover amount ($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. Freeing up cash was unlikely to be the motivating factor in this restructure. Brady's base salary was to be paid over the course of the 2012 regular season and while the roster bonus counted immediately against the salary cap, payment of the $6 million was not due until February 15, 2013. The restructure does reduces significantly reduce Brady's 2012 cap number, which goes from $15.2 million to $8 million for the upcoming season, with $3.6 million in proration from his $10.8 million signing bonus added to his 2013 and 2014 cap numbers, which are now at $21.8 million in each season."
December 8, 2013 update On February 26, 2013 Albert Breer, a NFL media reporter, reported that "The upshot of New England Patriots quarterback Tom Brady's new contract, which in effect turns his old agreement into a five-year, $57 million deal with the three new years tacked on, is in the guarantees. Brady gets a $30 million signing bonus as part of the deal, and that will be paid out between now and early 2015. In addition, his base salary of $1 million this year and $2 million next year are fully guaranteed. As of now, his $7 million base in 2015, $8 million base for 2016 and $9 million base for 2017 are guaranteed for injury only. However, if he's on the roster for the last game of 2014 season, the $24 million due from 2015 to 2017 becomes fully guaranteed."
December 30, 2014 update In exchange for removing the fully guaranteed treatment of his 2015/2016/2017 salaries Brady's salaries were increased by $1 million for each year. I wrote about this move on my blog
March 10, 2016 update On March 10th ESPNBoston's Mike Reiss reported that New England Patriots quarterback Tom Brady's two-year contract extension through 2019 includes a $28 million signing bonus and creates $1 million in salary-cap space this year and $2 million in space for 2017, reports ESPN NFL Insider Field Yates. The deal, which includes $41 million in "new money," has officially been filed with the league and breaks down as follows:
Signing bonus: $28 million
Base salary: $1 million
Cap hit: $14 million
Base salary: $1 million
Cap hit: $14 million
Base salary: $14 million
Roster bonus: $1 million (paid per game)
Cap hit: $22 million
Base salary: $14 million
Roster bonus: $1 million (paid per game)
Cap hit: $22 million
Analysis: Brady and the Patriots have a unique business relationship built off trust and the first thing to know is that his pacts have traditionally been extended/altered with two years remaining. So while it's natural to look at the spike in his salary-cap charge for 2018 and 2019 and wonder how those numbers will fit in the squad's team-building model, chances are the deal will be reworked before those cap hits ever become a factor. And if the deal isn't reworked, the question then becomes, "Does a $22 million cap hit for the 40-year-old quarterback still work for all parties involved?" Given the increase in the NFL salary cap on a yearly basis, that number might still be viewed as a bargain if Brady is still playing at a high level. If he isn't playing at a high level, that could be a transition point when the team has a challenging decision to make with Jimmy Garoppolo's contract scheduled to expire after the 2017 season. We just saw a situation in Denver that had some of those dynamics in play, as backup Brock Osweiler's contract expired after four seasons and he landed a four-year, $72 million deal in Houston. I
Here's a graphical snapshot of Brady's current cap hits
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