Tom Brady, Patriots Reportedly Nearing Three-Year, $58 Million Contract Extension

Tom Brady is entering the final year of his contract and has been negotiating with the Patriots on an extension. At times the two sides have been described as at a “growing disconnect” in the negotiation process.

That’s apparently not the case anymore as Brady and the Patriots are on the verge of agreeing to a three-year, $58 million extension, according to the Boston Herald.

The contract is not yet finalized but Ian Rapoport of the Herald describes it as “imminent” and says the “principle parts have been agreed upon.”

Brady would play out this year of his contract -- he’s due $6.5 million -- and then the three-year, $58 million extension would kick in.

Many figured Brady would bust the bank on a contract extension since his previous contracts have generally been team-friendly. While he would be nearing that $20 million per year number, the guaranteed portion wouldn’t be over $50 million as some had suggested.