Posted March 22, 2012

Report: Tom Brady Restructures Contract, Frees Patriots’ Cap Space

NFL

New England Patriots quarterback Tom Brady has agreed to restructure his contract, according to Ian Rapaport of the Boston Herald.

Brady signed a four-year, $72 million contract extension in 2010; he was due a base salary of $5.7 million for this upcoming season. He reduced that figure to $950,000. His cap number for 2012 goes from $15.2 million to $8 million, while that figure for 2013 and 2014 rises to $21.8 million. All in all, the Patriots free up $7.2 million in space under the cap for this year.

The Patriots have already made a number of big-name free-agent signings: Donte Stallworth, Brandon Lloyd and Anthony Gonzalez to name a few. But this latest development allows for one more blue-chipper to fit under the Patriots’ cap for next season.

Brady turns 35 before next season; he’s won three Super Bowls to date. He appears to be making a push for one more.