08 May 2005
The long-awaited Tom Brady contract extension has arrived. Normally, the response to a big contract like this is that it sets the market, but frankly this one doesn't set the market. Brady's contract is worth roughly $4 million per year less than Peyton Manning's, and $3 million per year less than Michael Vick's. Not that a $14.5 million signing bonus this year is chump change, mind you, not to mention a $12 million option bonus due next spring. Now Brady can buy some singing lessons before he ever does live television again. I love this quote from Brady's dad: "The signing bonus may not be what the others are, but how much is enough?''
Guest columnist Zachary O. Binney fact-checks a story in a national publication and finds that everyone makes mistakes.