Source: Pats extend Tom Brady

Updated: February 26, 2013, 7:46 AM ET
ESPN.com news services

Tom Brady has agreed to a three-year, $27 million contract extension with the Patriots, a deal that will keep him with New England through the 2017 season, a league source confirmed to ESPNBoston.com's Mike Reiss.

The extension includes a $3 million signing bonus along with annual salaries of $7 million in 2015, $8 million in 2016 and $9 million in 2017, when Brady will turn 40, according to the source.

Brady's relatively modest deal frees up $15 million worth of salary-cap ...

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