Report: Tom Brady agrees to contract extension

Patriots quarterback Tom Brady has agreed to a contract extension that will keep him with the team through the 2017 season, or when he’s 40 years old, according to a report.

Brady’s deal almost assures he’ll retire a Patriot, according to Sports Illustrated’s Peter King, and will save the Patriots more than $27 million over the next two seasons.

The contract, King reports, will pay him less money over time but allows the Patriots greater flexibility.

Here are the numbers King reports:

– 2013: $13.8 million
– 2014: $14.8 million
– 2015: $13 million
– 2016: $14 million
– 2017: $15 million

Brady will get a hefty bonus for the contract extension. Read King’s report here.

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