Quarterback Tom Brady signed a four-year extension with the New England Patriots that will make him the NFL's highest-paid player, a source close to negotiations confirmed Thursday night. Brady's contract is worth $72 million and guarantees him $48.5 million, a source familiar with the deal told ESPN NFL Insider Adam Schefter. The extension, which will be filed with the league on Friday, will be added onto the final year of Brady's contract and runs through 2014, when he will be 37. Brady has said he wants to play until he's 40.
Brady, who was picked by the Patriots in the sixth round of the 2000 draft, is making $6.5 million this season in the final year of an earlier four-year, $48 million extension. The new deal will make him the league's top-paid player in terms of average annual salary.
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