Peter King from NBC Sports just reported that QB Tom Brady and the Patriots have finalized a four-year contract extension, keeping him a Patriot through 2014. This is a major announcement on the heals of Brady’s car accident this morning on the way to practice. Brady will be about 37 years old when his contract expires, meaning if he wants to play until he is 40, he has one more deal left in him. Otherwise, this contract likely takes him to retirement. For all of the hullabaloo during the offseason of Brady possibly leaving and his disconnect with the organization, this deal finally ends what most Pats fans knew was a false controversy. The deal will be officially announced tomorrow.
UPDATE: Brady’s new deal averages about $19 million per year, making him the highest-paid player in the NFL (until Peyton Manning signs his new deal).
UPDATE #2: Adam Schefter just tweeted the details of Brady’s deal: 4 years, $72 million total with $48.5 million guaranteed. If my math is correct, that averages to $18 million per year and not the $19 million that I reported earlier.