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According to ESPN's Adam Schefter and Dianna Russini, Brady's
salary-cap charge for 2016 was scheduled to be a team-high $15
million and the extension would lower that number.
Brady, who turns 39 in August, has two years left on his
existing contract, paying him $9 million in 2016 and $10 million
in 2017.
The deal with Brady was not officially signed as of Monday
morning.
The four-time Super Bowl champion has always maintained he could
play well into his 40s.
"I'd like to play a long time, yeah, a long time," Brady said in
October. "There's a lot that goes into playing well. I've played
with a lot of great teammates. But I want to play for a long
time, maybe 10 more years. I think that's probably what my goal
is.
"Well, it's not always up to me That's what my goals are, so
that's just what I'm hoping. And it will take a lot to achieve
that. Obviously a team has to want you, but I think that's ...
you know, I love playing this sport. I love making a commitment
to my teammates and my coaches, and hopefully I can do it for a
long time."
(Editing by Steve Keating.)
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