On March 19, 2020, former New England Patriots QB Tom Brady signed his contract with the Tampa Bay Buccaneers. It is reported to be a two-year deal worth $50 million fully guaranteed with up to $4.5 million each year in incentives and includes no-trade and no-tag clauses. This gives Brady an opportunity to make as much as $29.5 million in 2020. Also according to the contract, each of the next two seasons’ base salary for Brady is $15 million. For being on the Buccaneers’ roster, a $10 million bonus is added to that of a $25 million guaranteed salary. In 2020 and 2021, both roster bonuses will become fully guaranteed after 3 days of signing the contract.
Tom Brady signed a new one year extension to his current contract that will take him through the 2022 NFL Season. Brady, who turns 44 years old in August reportedly wants to continue playing beyond the age of 45. This one-year extension fulfills his desires.
Tom Brady's contract breakdown
What is Tom Brady's new contract with Tampa Bay Buccaneers?
On March 19, 2020, Tom Brady signed a two-year contract with the Tampa Bay Buccaneers. The contract is worth a base value of $50 million with an additional $9 million available through incentives and is virtually guaranteed at signing. Brady has a $15 million base salary each year and a $10 million roster bonus in each year of the contract due at the first of the league year. In 2020 and 2021 both roster bonuses will become fully guaranteed 3 days after contract signing. The contract consists of a no-trade clause and a non-franchise/transition tag clause.
Brady’s 2 year’s 50 million deal with the Buccaneers is his highest ever contract. Even more than that he had with the New England Patriots. Brady made over $230 million across his 20 seasons in New England, yet rarely had a base salary over $4 million. Only in 2015, Brady received the highest base salary of $8 million in New England. Brady’s $7.5 million base salary in 2010 was the only other year he cleared $6 million from the base. But with the Buccaneers, he gets a base salary of $15 million.
How much was Tom Brady's contract with the Patriots?
Tom Brady is the best quarterback in NFL history but he hasn't been paid accordingly. There have been six deals in all that extended Brady’s tenure with the team.
In the 2000 draft as the 199th overall pick, Brady’s deal was for four years and $2.52M. His signing bonus was $157,608. His rookie salary was $193K. Brady got a new deal in 2002 that would take him through 2006. It was for 5 years and $30.52 million. His signing bonus was $10 million. Brady would receive $250K for every AFC Championship win and $250K for every Super Bowl win, as part of that deal. He’d realize $1M from those incentives thanks to the 2003 and 2004 seasons. He kept his initial 2002 salary of $375K, but the salaries jumped to $3.1M, $5.5M, $5.5M, and $6M from 2003 through 2006. To grab more cap space and dump money forward so his cap charges in ‘05 and ’06 were slated to be $10M and $14M, the Patriots tinkered with the deal in 2003 and 2004.
For the 2010 season, Brady got a deal for 6 years for $60 million with a signing bonus of $26.5 million ($14.5 signing bonus, $12M roster bonus in 2006). For the four years from 2011 through 2014 seasons, the extension was $72 million with a signing bonus of $48.5 million guaranteed. Following this, just before the 2013 league year began, Brady reworked and extended his deal to that of three years with a $27 million extension, and a guaranteed sum of $33 million. 2015 through 2017 his salaries were respectively $13M, $14M and $15M. The deal’s maximum value was $57M over five years with $33M guaranteed, including the years of 2013 and 2014.
For the 2018 and 2019 seasons, Brady got a 2-year deal with a $41 million extension and a signing bonus of $28 million from the Patriots. With his deal set to expire at the end of the 2019 season, the Patriots offered him a deal for 1 year which was $23 million, and a signing bonus of $8 million. The contract ended in March of 2020 following which Brady signed with the Buccaneers.