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Brady restructures contract to provide Patriots with cap space

  • By NFL.com
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Brady restructured his contract, the Boston Herald reported Thursday, citing NFL Players Association documents.

By redoing his deal on March 16, Brady freed up roughly $7.2 million in cap space to assist the team in free agency.

Since Brady's restructure, the Patriots have been busy in free agency, signing Brandon Lloyd, Donte Stallworth, Dan Connolly, Daniel Fells, Trevor Scott, Marquice Cole, Anthony Gonzalez, Will Allen, and Robert Gallery.

Brady signed a four-year, $72 million extension in 2010 and was set to earn $5.75 million in base salary in 2012. Under this restructured contract, the figure is now $950,000.

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