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ESPN Reports 'Momentum Building' For Tom Brady Contract

The Tom Brady contract negotiations have undergone a serious back-and-forth in the last day or two. First the Boston Herald reported a new deal was “imminent”. Then Adam Schefter reported that the Herald’s report was “inaccurate and wrong”.

Tuesday night, Schefter reversed course, saying “momentum for a new deal was building” and that a deal could come this week.

Contract discussions between the Patriots and quarterback Tom Brady escalated Tuesday to the point where a deal could be completed before New England opens its regular season, according to a source close to the situation.

The Boston Herald, citing sources close to the negotiations, reported that the Patriots offered their franchise quarterback a three-year, $58 million contract that could be completed in the next 24 hours. The deal would kick in after this season. He is set to earn $6.5 million this year in the final season of his current deal.

Initially, sources said that the report of an imminent deal was “wrong” and “inaccurate,” but later in the day a source said momentum for a new deal was building. Brady’s deal is complex and still has details to be worked out, but the signs are encouraging.