NFL’s Tom Brady Accepts Massive Pay Cut

Quarterback agrees to accept less for three more years

   

Superstar quarterback Tom Brady has agreed to a new contract with the New England Patriots that cuts his pay significantly.

Brady — who has won three Superbowl titles in five appearances and holds two Superbowl MVP trophies — accepted a contract offer of $9 million per year, reports Celebrity Networth.

The amount is less than half of Brady’s expected market value of $20 million per season had he hit the free agent market. The market rate was set when quarterback Joe Flacco resigned with the Baltimore Ravens for $20 million per year. Two other star quarterbacks, Peyton Manning and Drew Brees, also are in the $20 million-per-year range.

The signing guarantees that Brady will finish his career with the Patriots, the only pro team for which he has played. It also frees up $15 million worth of salary cap room for the team to try to get better and get Brady another championship … or two or three.

More stories about athletes:


Article printed from InvestorPlace Media, http://investorplace.com/2013/02/nfls-tom-brady-accepts-massive-pay-cut/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.