The New England Patriots are expected to rework Tom Brady's current contract, according to an ESPN report.
ESPN's Adam Schefter tweeted Thursday that the team is working to add "a variety of performance-based incentives to bring him closer to market," similar to what they did for tight end Rob Gronkowski last year.
Brady is currently scheduled to earn $15 million this year. That's more than $10 million less than the $27.5-million per year Brady's former backup, Jimmy Garropolo, will earn over the next five years from the San Francisco 49ers.
Schefter said the Patriots are expected to officially add "up to $5 million" in incentives to Brady's contract sometime Thursday or Friday.
Patriots expected to make adjustments to Tom Brady’s contract, per source. Brady is scheduled to make $15 million - a bargain - and they will be adding a variety of performance-based incentives to bring him to closer to market - like what Pats did last year with TE Rob Gronkowski— Adam Schefter (@AdamSchefter) August 9, 2018
Patriots and Tom Brady expected to officially add those performance-based incentives to his contract in the next 24 hours, per source. But Brady will have chance to bring his contract more in line with other QBs.— Adam Schefter (@AdamSchefter) August 9, 2018
Compensation update: Patriots are adding up to $5 million in performance-based incentives to Tom Brady’s contract, per source.— Adam Schefter (@AdamSchefter) August 9, 2018