Report: Tom Brady restructures contract
The Patriots have reportedly created some additional financial flexibility.
According to ESPN’s Adam Schefter, Patriots quarterback Tom Brady has reworked his contract. According to Schefter, Brady’s contract is now guaranteed only for injury.
The maneuver will free up $24 million for the Patriots to spend this offseason, ESPN reported.
Per Rotoworld.com salary data, Brady is slated to make $7 million in salary in 2015, $8 million in salary in 2016 and $9 million in salary in 2017. His cap numbers for 2015-2017 were slated to be $13 million, $14 million and $15 million, respectively.
Cornerback Darrelle Revis is among the Patriots’ potential free agents.