NFL Free Agency: Tom Brady Takes Pay-Cut, & Carson Palmer Hurting Raiders’ Cap

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Jan 20, 2013; Foxboro, MA, USA; New England Patriots quarterback Tom Brady (12) throws a pass against the Baltimore Ravens in the AFC championship game at Gillette Stadium. The Ravens defeated the Patriots 28-13. Mandatory Credit: Kirby Lee/USA TODAY Sports

Tom Brady and the New England Patriots have agreed to a three-year contract extension through the 2017 season, when he will be 40 years old. The biggest news is that his  will pay Brady a $3 million signing bonus immediately, in addition to salaries of $7 million in 2015, $8 million in 2016 and $9 million in 2017, which means for the next three years, he will be making less than $10 million annually, while QBs like Drew Brees, Peyton Manning, and Joe Flacco will be making $20 million+ per year. That’s the definition of a team-first player.