Report: Patriots, Brady nearing agreement on deal involving ‘adjustments’ to QB’s contract

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(Adam Richins/Boston Sports Journal)

It looks like the Patriots and Tom Brady are heading toward a reworked deal that could get done in the next 24 hours, according to ESPN.

A report from Adam Schefter on Thursday revealed the team and the quarterback are expected to agree on what Schefter is calling “adjustments” to Brady’s contract. Those tweaks would come in the form of a variety of performance-based incentives -- somewhere in the range of an additional $5 million -- to bring him to closer to market value, similar to what New England has done in the past with tight end Rob Gronkowski.

The defending MVP is currently scheduled to make roughly $15 million this season in base salary, a lower rate than many of his less accomplished colleagues. Schefter said those performance-based incentives would be added to his deal “in the next 24 hours.”

BSJ analysis: What does this mean for the Patriots and Brady?