Tom Brady

Here are the reported details of Tom Brady’s contract extension

"The cash flow sets the stage for another new deal in 2022, since there's no indication Brady is going anywhere."

It doesn't appear as though Tom Brady will be leaving the Buccaneers anytime soon. Brett Duke/AP File Photo

By Trevor Hass

March 13, 2021

1 minute to read

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Tom Brady signed a contract extension with the Tampa Bay Buccaneers on Friday that will reportedly tie him to the franchise through the 2022 season.

ESPN’s Adam Schefter reported that it’s a four-year contract extension that voids to a one-year extension.

The Tom-Brady extension saves the Buccaneers $19 million against the cap this year, per sources. The additional voidable years are there to defray the cost. It was another effort from Brady to keep as much of the team together as possible. https://t.co/65qAGO5Px7

— Adam Schefter (@AdamSchefter) March 12, 2021

NFL Network’s Tom Pelissero noted that Brady’s new contract is another two-year, $50 million deal, but $41.075 million is due in 2021 and $8.925 million in 2022. Pelissero added that the deal once again includes postseason incentives, and there are three voidable years, which lowers his cap number in 2021 to $9.075 million.

https://www.instagram.com/p/CMU6DfWrgft/

Pelissero said the total cap savings in 2021 for Tampa Bay is $19.3 million, which pushes $32 million in dead money into future years.

“The cash flow sets the stage for another new deal in 2022,” Pelissero tweeted, “since there’s no indication Brady is going anywhere.”

The total cap savings in 2021 for Tampa Bay is $19.3M. That pushes $32M in dead money into future years, and the cash flow sets the stage for another new deal in 2022, since there’s no indication Brady is going anywhere. https://t.co/9EzxlQGdNS

— Tom Pelissero (@TomPelissero) March 13, 2021

NFL Network’s Ian Rapoport quote-tweeted Pelissero’s tweet and pointed out that deal sets Brady up for “another redo” if he continues to play in 2022.

#Bucs QB Tom Brady will earn $41.075M in 2021, setting him up for another redo if he continues to play in 2022. https://t.co/7LE4D3DbBF

— Ian Rapoport (@RapSheet) March 13, 2021

“Year after year, Tom proves that he remains one of the elite quarterbacks in this game and we couldn’t be happier to keep him in Tampa Bay as we continue to pursue our goals together,” Tampa Bay general manager Jason Licht said in a statement, according to ESPN.