According to a report by ESPN’s Adam Schefter, Tom Brady has agreed to a contract restructuring that will give the Patriots additional flexibility to keep some key pieces around next season.
According to the report, the contract was filed to the NFL on Monday. In the new deal, Brady changed the $24 million “skill” guarantee in his contract to “injury” guarantee. By doing that, Brady will get the guaranteed money only if he is injured. The Patriots will now be able to release the Brady at any time, allowing him to become an unrestricted free agent, in which case there would likely be plenty of teams interested.
The Patriots entered Monday with $5,713,472 in cap space that can be rolled over to next season. The most immediate effect of Brady’s new deal is to allow the Patriots to be more competitive in trying to retain some of their core free agents, especially Darrelle Revis and Devin McCourty.