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Brady restructures contract, saves Patriots $7.2m against '12 cap

Posted by Shalise Manza Young, Globe Staff  March 21, 2012 11:53 PM

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Tom Brady agreed to a restructuring of his contract with the Patriots within the last week, a league source confirmed Wednesday night.

By doing so, he saves New England $7.2 million against the salary cap for the coming season, but his cap number in 2013 and 2014 now will be higher.

Under the original terms of the four-year contract extension he signed in 2010, which went into effect last season, Brady's base salary for 2012 was to be $5.75 million. Now, according to NFL Players' Association documents, his base salary will be $950,000.

The remaining $4.8 million was combined with the $6 million roster bonus Brady was to earn on Feb. 15, 2013 and the $10.8 million total became a signing bonus that will be prorated over the final two years of the deal.

Brady initially was set to count $18.2 million against the salary cap in 2013 and '14, and that number now will increase to $21.8 million in each of those years.

Hat tip to Brian McIntyre for uncovering the restructuring.

News, analysis and commentary from Boston.com's staff writers and contributors, including Zuri Berry and Erik Frenz.

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