A person familiar with the contract tells The Associated Press that Tom Brady has received a three-year extension from the New England Patriots worth about $27 million.
The person spoke on condition of anonymity because the extension has not been announced.
The 35-year-old two-time league MVP was signed through 2014, and has said he wants to play five more years. By redoing his contract Monday, Brady also has cleared nearly $15 million from New England's salary cap.
The three-time Super Bowl champion will make far less in those three seasons than the going rate for star quarterbacks. Brady currently has a four-year, $72 million deal with $48 million guaranteed.
Sports Illustrated first reported the extension.

Recent NFL Discussions

2017 Heisman Odds on Wed, Mar 2017 by Blade
College / NBA today on Sun, Mar 2017 by TtomBoBadly
SNOW on Tue, Mar 2017 by Michael Cash
EARLY COLL PLAYS FOR WED. on Wed, Mar 2017 by Timmy1961

Top NFL Public Bets

NFL Top Stories

Thumbnail Brandin Cooks Patriots Prop Odds How many total receiving yards will new Patriot Brandin Cooks have in 2017?
Thumbnail Alshon Jeffery TD Prop Odds How many touchdown passes and receiving yards will Alshon Jeffery rack up in 2017? Oddsmakers have released projections for the newest Eagle.
Thumbnail Brandon Marshall 2017 Prop Odds How many touchdowns and receiving yards will new Giant Brandon Marshall compile in 2017? Here's a look at the odds.
Thumbnail Pats land Cooks, remain SB favorites The Patriots remain favored to win Super Bowl LII following their blockbuster trade with the Saints for receiver Brandin Cooks.
Thumbnail Cowboys in no rush to deal Romo NFL Network's Ian Rapoport reports that the Cowboys are in "no rush" to resolve the Tony Romo situation.

NFL Team Pages