If you happen to be checking out NFLPA documents, you’ll find that quarterback Tom Brady recently restructured his contract.
By having the Patriots quarterback redo his deal, the team freed up roughly $7.2 million in cap space.
Brady had signed a four-year, $72 million extension in 2010. He was due to earn a $5.75 million base salary in 2012. Under his restructured deal, the figure is now $950,000.
Brian McIntyre of FootballOutsiders.com and Mac’s Football Blog, who first detected the change, did some more math, and has Brady’s cap number for the 2012 going from $15.2 million to $8 million. His cap number for 2013 and 2014, however, is now $21.8 million with various roster bonuses being prorated back.
Why do this? Good question.
Even before the re-structure, which took place March 16, the Pats appeared in decent cap shape. Since then, there have been a slew of signings (Donte Stallworth, Brandon Lloyd, Dan Connolly, Daniel Fells, Trevor Scott, Marquice Cole, Anthony Gonzalez, Will Allen, Robert Gallery).
But they didn’t have a cap crunch. They’ve made little moves, not big ones. Could they be going after one more big free agent? Maybe. That’s possible. But a big-time free agent now would likely receive a front-loaded contract, whereas this situation adds almost $4 million in salary cap space for future years.
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