Report: Patriots, Brady close to contract extension

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09/07/2010 - Boston, MA (Sportsbook Betting Lines) - The New England Patriots and quarterback Tom Brady are reportedly on the verge of a three-year contract extension worth close to $58 million.

The Boston Herald reports the deal is on the table for Brady, whose desire was to have a deal in place prior to the start of the season. The three-time Super Bowl champ and five-time Pro Bowl selection is entering the 2010 campaign in the final year of a contract for the first time in his 11-year NFL career.

The Herald added an agreement could be in place as early as Wednesday morning. The report placed the pact as starting in 2012 and averaging $19.3 million per year -- making Brady the highest paid quarterback in the league when the contract kicks in at age 34. Brady turned 33 in August and is set to make $6.5 million for the 2010 season.

Brady was voted the NFL's Comeback Player of the Year by the Associated Press in 2009 after his successful return from a devastating left knee injury suffered in the first quarter of the 2008 season opener. He was coming off a record 2007 campaign in which the Patriots completed the NFL's first undefeated regular season in 35 years with Brady taking home league MVP honors.

New England finished 10-6 last year to win the AFC East, but was bounced from the playoffs in a wild card loss to the Ravens soon after.

For the season, Brady completed 65.7 percent of his passes for 4,398 yards with 28 touchdowns and 13 interceptions.

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