Salary Cap Guru: Extending Tom Brady’s Contract Could Come At Serious Cost

Miguel Benzan of & Boston Sports Journal discusses how the Patriots can pay Tom Brady on the latest episode of Patriots Beat

New England Patriots quarterback Tom Brady warms up before an NFL football game against the Miami Dolphins, Sunday, Nov. 26, 2017, in Foxborough, Mass. (AP Photo/Michael Dwyer)

Tom Brady only recently committed to returning to the Patriots this season – though he has yet to show up for any offseason workouts.

There have been reports that Brady would like to rework his contract. He’s currently on the books for 2 more years at $14 million per. But, as salary cap guru Miguel Benzan of and Boston Sports Journal says on the latest episode of Patriots Beat, redoing Brady’s contract could mean some financial sacrifices for the Patriots.

“The easiest way to do it would be for (Brady) to ask Gisele for a couple more years,” Benzan joked. “Think about it, let’s say you wanted to pay him $25 million a year for the next two years, $50 million in cash. And he already has, over the next two years, $14 million in signing bonus proration. That’s $64 million…his cap number for 2018 would be $30 million. His cap number for 2019 would be $34 million. So if you want to pay Tom Brady what he’s worth over just the next two years, you’re talking about cutting other players on the team right now.”

But there is a scenario where Benzan sees the Patriots giving Brady a pay bump and keeping him on the team through 2020.

“It would take a deal that would pay him around $70 million in cash total over the three years, and the Patriots would have to be willing to potentially eat some dead money in 2020,” Benzan said. “So I would give him somewhere in the range of a $39-$44 million signing bonus, prorate that over the three years, lower his salary so his cap number stays the same and then you figure it out.”

Benzan goes on to discuss another important contract situation, that of Rob Gronkowski, as well as plenty of other salary cap-related subjects on the latest episode of Patriots Beat on CLNS Media.