Tom Brady on how ‘dumb confidence’ led him to try and buy teammate’s home when he couldn’t afford it
· Yahoo Sports
Tom Brady’s belief in his own success led him to try to make a financial decision as a rookie that could’ve backfired if his career had gone sideways.
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Tom Brady was a sixth-round pick in the 2000 NFL Draft, joining the New England Patriots as the 199th overall pick. He joined the franchise as their fourth-string quarterback, playing just one game where he threw for six yards on three attempts.
Despite having an uncertain future after an unremarkable rookie campaign, Brady was so sure he’d stay on the roster that he tried making a financial move that could’ve ruined him if he got cut.
Tom Brady tried spending $240K on teammate Ty Law’s house while making $185K
Brady appeared on the UFC Originals production Champion Mindset with Daniel Cormier, where he spoke about his failed attempt at buying Ty Law’s house after his rookie season, when the house was more expensive than his entire rookie salary. Brady’s agent shut it down, despite the QB’s irrational confidence that he wouldn’t be cut by the Patriots.
“It was two weeks before final cut, and I called my agent, I wanna buy Ty Law’s house for $240K, I made $185K that first year… My agent was like, you haven’t even made the team yet. I told him, ‘I’m sure making it, what are you talking about?'”
“There’s maybe a natural naivete that I had, that dumb confidence, and it was the inner belief in myself because I had that work ethic and see how stable and competitive I was.”
Brady’s bet was correct, as he stayed on the roster and was promoted to second-string backup behind Drew Bledsoe, but became a starter after Week 3 due to an injury to Bledsoe, going 11-3 and never looking back.
Brady led the Patriots to a Super Bowl win in a breakout season where he threw for 2,843 yards with 18 TDs and 12 INTs with an 86.5 passer rating.
Tom Brady made $332.9 million over his NFL career
Brady has made more money purely on-field earnings through NFL contracts than any other player in the league’s history. He retired with $332.9 million earned over a 22-year NFL career, which ended with the Tampa Bay Buccaneers.
Photo by Kevin Sabitus/Getty ImagesBrady’s rookie contract was a three-year, $866,500 deal, which improved with a five-year, $30.5 million extension after the Super Bowl win. He’d sign another extension in 2005 for six years, $60 million, before becoming the NFL’s highest-paid player with a four-year, $72 million extension in 2010.
He’d see the entire contract out until 2015, giving the Patriots sizable discounts each year until 2019 and taking contracts between $9 and $23 million annual value, depending on the space available.
His final contract with the Tampa Bay Buccaneers paid him $50 million over two years, with him leaving $25 million on the table by not returning for the 2023 season.
He did wind up buying Law’s house, which he still owns and is valued between $800,000 and $1.2 million now. He also owns a ‘billionaire bunker’ in Miami with an estimated fully-realized value of $150 million, alongside many other multi-million-dollar mansions around the USA, so his dumb confidence more than paid off.
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