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