Tom Brady's two-year, $41 million contract extension signifies a victory for both the Patriots and the quarterback.
Brady and the Pats agreed to the parameters of the contract last week, and it was officially filed with the league this morning. Brady earned a $28 million signing bonus, and the Patriots saved $1 million in cap space in 2016 and $2 million in 2017. Brady can earn $60 million over the next four years, and he's got $30 million guaranteed in that span.
Here is the construction of the remaining four years of his contract.
2016:
Signing bonus: $28 million
Base salary: $1 million (guaranteed for injury)
Brady's earnable cash: $29 million
Patriots' cap hit: $14 million
2017:
Base salary: $1 million (guaranteed for injury, becomes fully guaranteed on third day of 2017 league year)
Brady's earnable cash: $1 million
Patriots' cap hit: $14 million
2018:
Base salary: $14 million
Roster bonus: $1 million ($62,500 per game)
Brady's earnable cash: $15 million
Patriots' cap hit: $22 million
2019:
Base salary: $14 million
Roster bonus: $1 million ($62,500 per game)
Brady's earnable cash: $15 million
Patriots' cap hit: $22 million
More details to follow.