One for the team: Tom Brady restructures contract, gives Patriots more cap space

Tom Brady

Tom Brady (Photo credit: Wikipedia)

While other teams are forced to dump fuel to get under the cap, or have to deal with diva QBs who never budge on contract issues and force teams into tough financial situations, Tom Brady has once again came to his team’s aid, restructuring his contract to free up about $7.2 million in cap space, according to a report from Brian McIntyre of Mac's Football Blog.

Brady’s four-year, $72 million contract was signed in 2010 and he was due $5.75 million for the 2012 season. With the restructure, that number is now at $950,000.

Not that the Patriots were in cap hell or anything. They're always good with the books, but this gives them some more room to continue their free agency wheeling and dealing. They’ve been pretty active in the last week, signing 9 players in the blink of an eye. As of this report, let’s add another: veteran CB Will Allen is onboard.

Tom Brady wants to win. He’s one of those rare QBs that understands you have to make concessions for the good of the team. If you want to win, you have to have the right players around you to make it work.

The right players cost money. Money can be exchanged for goods and services.

Rumors of Matt Light considering retirement brings the possibility of creating another $8 million in cap space.

Chad Ochocinco was asked to restructure as well, but with the signings of Brandon Lloyd and Anthony Gonzalez, that may be a moot point. More wiggle room coming?

With all this cap space now and more possibly later, Bill Belichick and the Patriots must feel like kids in a candy store.