NFL Network's Albert Breer reports that Tom Brady will be owed just $60 million over the next five years.
The entire deal is guaranteed, but Brady won't be pulling in Peyton Manning ($19.2M annually) or Drew Brees ($20M) money. He'll collect a pedestrian $12 million per year, and the contract is locked in. Brady, indeed, took a major pay cut regardless of what you might read elsewhere. He's just barely a top-ten quarterback in terms of the 2013 cap and by 2015 will fall deep into the teens.