NFL’s Tom Brady Accepts Massive Pay Cut

Quarterback agrees to accept less for three more years

   

tom brady headshot 230x300 NFL's Tom Brady Accepts Massive Pay CutSuperstar 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.

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

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