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Reports: Tom Brady Contract Talks With Patriots Heating Up

Tom Brady (Photo by Elsa/Getty Images)

While Randy Moss is whining about his contract situation, Tom Brady has been perfectly civil about his throughout the whole process. Perhaps that’s because Brady knows the Patriots would probably be lost without him for the long term. If that’s how he feels, it appears he’d be right.

According to multiple reports, Tom Brady and the Pats are closing in on a contract extension. Reports from the Herald suggest that the Pats are about to make Brady the highest paid quarterback in the NFL, by giving him a three-year, $58 million extension, or $19.3 million annually. No deal is officially in place, but sources told the Herald that the deal could be done by the beginning of the regular season.

The deal, including this year’s contract, equates to a four year, $64 million deal (or an average of $16 million per year), but it shouldn’t be looked at that way, according to the source. Brady reportedly refuses to accept any deal that pays him less than Giants QB Eli Manning, who earns $16.4 million annually (the new deal would take effect next year, meaning he’d still earn $6.5 million in 2010 and an average of nearly $20 million over the next three seasons after that).

Brady would be under contract until he’s 37, giving him another chance to cash in on a huge deal before he retires. He had previously talked about playing until he’s 40 years old, so we could be in the same situation three years from now.

Brady will speak on WEEI’s Dennis and Callahan show on Wednesday morning, and talks of his contract may come up in conversation. More to come on this story…

About KC Downey - @kc_downey

KC is the "head coach" of the Sports of Boston, LLC blog network. Follow him on Twitter: @kc_downey

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