On paper, Tom Brady has agreed to a two-year, $70 million contract extension that will keep him with the New England Patriots through 2021.
In reality, he's essentially getting a one-year raise.
That's what our own Tom E. Curran laid out earlier Monday and what NFL Media's Ian Rapoport confirmed on Twitter, noting Brady's contract includes a provision that prevents the Patriots from using the franchise or transition tag on him next offseason.
As Rapoport notes, the final two years of Brady's contract -- 2020 and 2021 -- will actually void after this season, and because the Patriots can't place a $32.5 million franchise tag on him, he'll become a free agent.
That level of uncertainty may explain why the 42-year-old quarterback used phrases like "it is what it is" and "we'll see what happens" when asked Monday if his new contract gave him a sense of relief.
Brady and the Patriots obviously can renegotiate his 2020 and 2021 salaries once the season ends, and the veteran QB seems intent on playing until age 45.
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But it appears there once again will be negotiation next offseason, rather than the peace of mind that comes with a typical multi-year extension.
Update: Monday, August 5, 4:40 p.m.
Sports Illustrated's national NFL reporter Albert Breer tweeted out some additional details of Brady's new deal. Breer reports that Brady's 2019 signing bonus will be $20.25 million, and his 2019 base salary will be $1.75 million. Additionally, there are $1 million in per-game roster bonuses, which brings the total of Brady's 2019 salary to $23 million.
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