The details are in for quarterback Tom Brady's new contract, laid out below.
The deal includes a $30 million signing bonus for the quarterback, which will be paid out over a period that extends to Feb. 15, 2015, according to a league source. Brady will earn $10 million of that signing bonus during the 2013 season, $5 million in a payment on Feb. 15, 2014, $10 million during the 2014 season, and $5 million on Feb. 15, 2015.
Brady's salary for 2013 and 2014 are now $1 million and $2 million respectively, and are fully guaranteed. His old deal was scheduled to pay him $9.75 million in base salary for each of those seasons.
Brady's salary for 2015, 2016, 2017 are $7 million, $8 million, and $9 million, which are fully guaranteed for injury only. That means that if Brady is released because of an injury, he will still be paid that money. In the unlikely event that he were released due to skill considerations, he would not be paid that money.
Regarding Brady's salary cap charges, the breakdown is as follows:
2013: $13.8 million
2014: $14.8 million
2015: $13 million
2016: $14 million
2017: $15 million
The annual salaries for the final three years as well as the salary cap charges for the life of the contract are consistent with what has been laid out already, though the $30 million signing bonus is of note.
In examining the life of the contract, it's a five-year deal with a maximum value of $57 million, $33 million of which is guaranteed no matter what, with the $24 million leftover likely to be seen should Brady continue to perform at his expected level.