Tom Brady signs new cap friendly deal through 2017

According to Mike Garafolo of USA TODAY Sports, Tom Brady signed a three-year extension at $27 million, less than half  than Drew Brees received in 2012.

Brady, ever the consummate teammate, signed the extension to create $15 million in cap space that can be used to sign free agents such as receiver Wes Welker, cornerback Talib Aqib, and tackle Sebastian Vollmer. Garafolo writes:

‘Brady signed a three-year extension at $27 million, less than half the $20 million-per-season rate the New Orleans Saints' Drew Brees received last year and the mark the Baltimore Ravens' Joe Flacco is set to eclipse this season.

[Sports Illustrated's Peter] King reports Brady received a signing bonus of $3 million, along with base salaries of $7 million, $8 million and $9 million in 2015-17, respectively. The new deal will drop Brady's cap numbers by $15 million in the next two seasons, combined.

Brady signed a four-year extension in 2010 worth $72 million. That pact, which contained $48.5 million in guarantees, took effect at the start of the 2011 season.’