NFL’s Tom Brady Accepts Massive Pay Cut

by Nate Wooley | February 26, 2013 11:49 am

tom brady headshot 230x300 NFL's Tom Brady Accepts Massive Pay Cut[1]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[2].

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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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/02/tom-brady-headshot.jpg
  2. reports Celebrity Networth: http://www.celebritynetworth.com/articles/celebrity/tom-bradys-massive-pay-cut-is-a-brilliant-financial-move/
  3. 5 Pro Athletes Finding Success in the Restaurant Biz: http://investorplace.com/2012/11/5-pro-athletes-finding-success-in-the-restaurant-biz/
  4. Nike Suspends Oscar Pistorius Contract … For Now: http://investorplace.com/2013/02/nike-suspends-oscar-pistorius-contract-for-now/
  5. Meet the New Multimillion-Dollar Face of Nike: http://investorplace.com/2013/01/meet-the-new-multimillion-dollar-face-of-nike/

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