Brady agrees to take pay cut
New England quarterback Tom Brady has agreed to a three-year contract extension worth $27m, according to reports.
Brady, who has led the Patriots to three Super Bowl titles, will get a $3m signing bonus in a deal that will see him through the 2017 season.
The 35-year-old has accepted around half the future salary commanded by other top signal callers in order to give the team flexibility to sign other players.
Brady passed for 4,827 yards and 34 touchdowns last season with New England, who lost in the AFC title game to the Baltimore Ravens, one step from reaching their sixth Super Bowl with Brady at the helm.
He is currently on a four-year $72million deal.