1. CAP ROOM: The biggest impact on the Jets is that it gives the Patriots salary-cap flexibility -- a total of $15 million in cap relief in 2013 and 2014. This will allow them to re-sign their own free agents and be active in the free-agent market.
The biggest beneficiary could be WR Wes Welker, who is due to become an unrestricted free agent. Look for the Patriots to make an immediate play to re-up with Welker. The Jets will have to make sure they're strong at slot-corner, because it looks like Welker will be catching passes from Brady for a few more years.
2. HOLD THE STATUE: This contract will give Jets fans more reason to hate Brady. He's already being lionized for accepting a less-than-market contract, hailed as team-first star in a world of me-first divas. Spare me. While his annual average is certainly below the league's highest-paid quarterbacks -- namely Drew Brees and Peyton Manning -- Brady won't be hurting at all.
If the early reports are correct, the entire deal is guaranteed. Counting the final two years of his old contract, he'll make $60 million over the next five years, according to NFL.com -- a stunning guarantee for a quarterback who will be 40 when the deal expires. So let's hold the parade.
3. THE REVIS FACTOR: Cynical Jets fans, no doubt, will try to spin this against Darrelle Revis. If one of the greatest quarterbacks in history can take one for the team, they will ask, why should Revis demand $16 million a year? Thing is, it's apples and oranges. This is Brady's "retirement" contract; he's already made a few big scores in his career. Revis still is in his prime years; his next contract could be his last big bite at the apple.
4. JUST FOR GIGGLES: A year ago, the Jets gave their starting quarterback -- Mark Sanchez -- a three-year extension for $40 million in "new" money. Brady gets $27 million on a three-year extension. Feel free to discuss.