New contract terms lessen Brady’s financial losses if suspended

AP

The U.S. Court of Appeals for the Second Circuit ruled in favor of the NFL in their appeal of Judge Richard Berman’s decision to overturn Patriots quarterback Tom Brady’s four-game Deflategate suspension, which leaves Brady set to miss the start of the 2016 season pending further appeals in the long-lasting case.

Should the suspension stand, Brady will miss two division games and two nationally televised games along with four paychecks. As we noted last month, those paychecks are going to be smaller under the terms of the restructured deal that Brady signed earlier this year than they would have been under his original deal.

Brady converted a $9 million base salary for 2016 into a signing bonus and a $1 million base salary. That means he’ll forfeit $235,941.17 if suspended this year rather than the $2.11 million he’d miss out on if the deal had not been altered. He’d lose the same amount if the legal machinations somehow stretch the affair into 2017 after trading in a scheduled $10 million salary.

There were other reasons for both sides to re-address the deal this offseason, but the financial protection against a potential suspension looks like it was a useful byproduct for Brady.

15 responses to “New contract terms lessen Brady’s financial losses if suspended

  1. Talk about greedy…restructuring your contract to avoid the suspension money going to charity.

  2. Its a split decision. The NFLPA will surely appeal to the entire court. If the suspension is ultimately upheld, it won’t be served until 2017 at the earliest.

  3. Lying cheater knew he would eventually be suspended. The league knew it as well… that’s why they gave the Pats 3 of 4 home games to start the season. Softens the blow for Robert Graft’s team.

    ****Four tainted rings

  4. Brady doesn’t care about a couple of million, he cares about playing. This hurts him deeply.

  5. At least he gets zero dollars for endorsement outside New England. Sponsors would loose sales if they paid him.

    Dragging this out probably cost him more than 2 million in endorsements since it reminds all, again, what a cheating organization the Pats are.

  6. so the Pats reward their players for cheating, even if they get caught

    another thing to hate about the Pats and what they stand for

    asterisk

  7. I wonder if this could be looked at, now that the suspension was upheld, an attempted circumvention of the CBA.

    Basically this is the Patriots trying to avoid Brady losing money during his suspension. That is the only reason to do a contract like this.

  8. admiral174 says:
    Apr 25, 2016 1:31 PM
    At least he gets zero dollars for endorsement outside New England. Sponsors would loose sales if they paid him.

    Dragging this out probably cost him more than 2 million in endorsements since it reminds all, again, what a cheating organization the Pats are.

    I’m pretty sure all his endorsements are global brands.
    That means well outside of “New England”

    Under Amour
    Uggs
    Movado

  9. RegisHawk says:
    Apr 25, 2016 12:39 PM
    Talk about greedy…restructuring your contract to avoid the suspension money going to charity.
    —————————

    Once again missing the point. The purpose of the extension was to openly flip off the league

  10. The fine should be based upon the terms of the Brady contract before the restructuring.

    Goodell may have the authority to to calculate the fine in that fashion.

  11. I love everyone calling him a cheater. It’s awesome. More touchdowns last season and less interceptions and Blount never fumbled a ball. But hey those deflated balls in that 45-7 game really helped.

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