The New England Patriots and quarterback Tom Brady have finalized a new two-year contract extension.
— NFL (@NFL) August 4, 2019
The two-year deal will keep Brady under contract in New England through 2021 and pay him $23 million this season, a $8 million increase then his original deal. Brady will now be the sixth highest paid quarterback in the league, tied with New Orleans’ Drew Brees.
With the extension, New England has freed up roughly $5.5 million in salary cap space for this season.
The 2021 date puts Brady on the same timeline as wide receiver Julian Edelman, who signed a two-year extension through 2021 back in May. However, Brady’s deal will be adjusted each year he continues playing, according to ESPN’s Adam Schefter.
Even though Tom Brady is signing a two-year extension, he always will be on a year-to-deal with the Patriots. Deal can, and will, be adjusted each year as long as Brady plays.
— Adam Schefter (@AdamSchefter) August 4, 2019
Set to become an unrestricted free agent following this season, Brady passed over questions about his future with the team so far throughout training camp.
“I appreciate this team and the opportunity it gave me in 2000,” Brady said last Wednesday. “I play for a great coach in Coach [Bill] Belichick, and [offensive coordinator] Josh [McDaniels] and I have a great working relationship. I love Mr. [Robert] Kraft and his family. We’ve had just incredible success. Hopefully we can keep it going.”
The extension comes just a day after Brady turned 42 years old, an age that no quarterback has ever started all 16 regular season games.
Brady’s play has barely seen a dip in recent years. The 2017 MVP got off to a slow start in 2018, but still finished with 4,355 yards, 29 touchdowns, 11 interceptions, and his sixth Lombardi Trophy.
The Patriots seem comfortable that Brady will be able to continue to play at a high level through the next several seasons, and Brady has certainly deserved the reassurance.