Report: Tom Brady signs two-year, $41 million contract extension

New England Patriots quarterback Tom Brady has signed a two-year, $41 million contract extension.

New England Patriots quarterback Tom Brady has signed a two-year, $41 million contract extension, reports the NFL Network’s Ian Rapoport.

Brady will receive a $28 million signing bonus, and $28 million of the extension will be guaranteed money, Rapoport reports. His base salary in 2018 and 2019 will be $14 million, up from his $8 million base salary in 2015.

The extension was originally reported last week but the value had not been disclosed.

Brady, 38, will remain under contract with the Patriots until he turns 42. By the time his contract is up he will have been with the Patriots for 20 years.

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Brady led the Patriots to the AFC Championship Game last season, completing 64.4% of his passes on the season for 4,770 yards with 36 touchdowns.

- Erin Flynn