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Reports out of the U.S. state that veteran quarterback Tom Brady has agreed to a contract extension with the NFL’s New England Patriots for another two years. Brady was scheduled to be paid $9 million for the 2016 season along with a bonus of $6 million for a salary cap hit of $15 million. He’s then set to make another $10 million as salary for the 2017 campaign. The 38-year-old often renegotiates his contract with New England to help the club manage its salary-cap situation. Brady, who has won the Super Bowl four times, has said that he plans on playing for several more years as he feels he’ll still be able to compete when he’s in his early 40’s.

Brady previously renegotiated his deal back in 2013 as a way of helping the Patriots’ salary cap. The club was reportedly $13.6 million below the cap for the upcoming 2016 season before Brady extended his contract. The NFL’s cap for this year has been set at $155.27 million. Brady is sure to be elected to the Hall of Fame once his storied career comes to an end. He has an excellent shot of breaking several league passing records before retiring. Brady has already played in half a dozen Super Bowl contests as well as 10 AFC championship showdowns, including the past five.

Considering Brady has been named the most valuable player of three Super Bowls and has taken the league’s MVP award home twice, many fans feel the quarterback is actually underpaid in today’s day and age. Brady’s salary-cap hit last season was $14 million, which ranked him as the 14th highest-paid player in the league. This put him behind quarterbacks Jay Cutler of the Chicago Bears and Colin Kaepernick of the San Francisco 49ers. Brady could even slip further down the rankings for best paid this year.

Brady of San Mateo, California wasn’t drafted until the sixth round with the 199th overall pick by New England back in 2000. He had a quarterback rating of 102.2 last year as he completed 64.4 percent of his passes. He threw 36 touchdown passes last season and 4,770 yards with just seven interceptions. Brady’s new contract extension will see him remain with New England until the end of the 2019 season at which time he’ll be 42 years old. At the moment, the Patriots top player is 13,912 yards behind the all-time passing record of 71,940 yards, which is held by Peyton Manning of the Denver Broncos.

It’s expected that Manning may announce his retirement this summer and this would allow Brady to make up some ground on him. Manning also holds the all-time NFL record of 539 touchdown passes, which places him 111 ahead of Brady. It’s highly expected that Brady will surpass those numbers by the time he retires.