Tom Brady got a $30 million signing bonus for “taking less money”

New England Patriots v New York JetsSo when all the praises have subsided, all that’s left are facts. And though it makes a good story that Tom Brady “took less money” for the sake of his team, the facts tell another story.

So as the details emerge from Brady’s deal that makes him richer and possibly hinders others from doing the same, we learn from Field Yates of ESPN Boston that Brady didn’t quite “take less money”. Instead, Brady took a great deal of money in a signing bonus that will be paid over the next three years. A signing bonus that will amount to $30 million.

The deal includes a $30 million signing bonus for the quarterback, which will be paid out over a period that extends to Feb. 15, 2015, according to a league source. Brady will earn $10 million of that signing bonus during the 2013 season, $5 million in a payment on Feb. 15, 2014, $10 million during the 2014 season, and $5 million on Feb. 15, 2015.

And if you’re looking for an even bigger kicker, read this next sentence from Yates:

In examining the life of the contract, it’s a five-year deal with a maximum value of $57 million, $33 million of which is guaranteed no matter what, with the $24 million leftover likely to be seen should Brady continue to perform at his expected level.

$33 million GUARANTEED! Which is $3 million more than Brady was supposed to make before the new extension.

But everyone keep on praising Brady for “taking less money”.

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