Thread: Tom Brady frees up $24M for Pats

In a deal turned into the NFL office Monday, quarterback Tom Brady restructured his contract to give the New England Patriots $24 million more in cash to spend this offseason, according to league sources.

Under the new deal, Brady changed the $24 million in "skill" guarantee to only "injury" guarantee, meaning that Brady now would get the guaranteed money only if he were injured.

Brady also now can be released by the Patriots without any liability, but he then would become an unrestricted free agent, free to command the type of guaranteed money he has agreed to surrender.

The move frees up cash for the Patriots to use on other players. New England needs the cash to help re-sign some of its own free agents, including cornerback Darrelle Revis, safety Devin McCourty, tackle Nate Solder and running back Shane Vereen, among others.

http://espn.go.com/boston/nfl/story/...lion-more-cash

I have said it before - with all of the free agents the Broncos need to sign, I would love to see Peyton restructure his contract.