Report: Tom Brady, Patriots agree to two-year, $70 million contract extension

The Patriots and Tom Brady have agreed to an extension that will pay the QB $23 million in 2019.

Quarterback Tom Brady has agreed to a two-year contract extension with the New England Patriots, according to ESPN Insider Adam Schefter. The deal gives Brady a raise for 2019, going from a $15 million salary to $23 million. 

Patriots’ QB Tom Brady is signing a two-year extension that will pay him $23 million this year, per source. It makes him the 6th highest-paid QB in the league.

— Adam Schefter (@AdamSchefter) August 4, 2019

NFL Network Insider Ian Rapoport noted that Brady will increasingly earn more each year through 2021. 

The #Patriots and QB Tom Brady are in agreement on a 2-year deal worth $70M, source said, thru 2021. He gets $23M this year, then $30M and $32M in the following years — though both sides are amenable to adjusting it if the situations warrants. It’s essentially year-to-year.

— Ian Rapoport (@RapSheet) August 4, 2019

Though the deal is only through 2021, Schefter also said it will be adjusted each year that Brady continues to play. 

Tom Brady’s two-year extension takes him through the 2021 season, but the deal will be adjusted each year he continues playing, per source. It will pay him $23 million this season - an $8 million boost over what he was scheduled to make.

— Adam Schefter (@AdamSchefter) August 4, 2019