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

2016 NFL Draft Props on Thu, Apr 2016 by Blade
NFL Draft Preview on Thu, Apr 2016 by Blade
Test on Thu, Apr 2016 by Blade
CG releases Divisional Odds on Wed, Mar 2016 by Blade

NFL Top Stories

Thumbnail Romo eyes lengthy return Injuries have been an issue at times for Dallas Cowboys quarterback Tony Romo, but the veteran NFL star is far from thinking about...
Thumbnail Lockette retiring from Seahawks The Seattle Seahawks are losing another skill-position player from last year’s team as receiver Ricardo Lockette is expected to announce his retirement...
Thumbnail Dolphins securing the D-Line The Miami Dolphins are trying to make a push for the playoffs and they aided that on Saturday by signing Cameron Wake to a two-year...
Thumbnail Updated Super Bowl LI Odds The 2016 NFL Draft has now concluded. How did the draft impact the odds to win the Super Bowl next season?
Thumbnail Larmey Tunsil NFL Draft Prediction Once considered the top prospect in this year's class, how far will Larmey Tunsil fall in the first round of tonight's 2016 NFL Draft?
More inNFL Articles  

NFL Team Pages