The New England Patriots and quarterback Tom Brady have reached an agreement on a three-year extension that will help the team’s salary cap and provide the All-Pro with a “contract for life,” as reported by Peter King of Sports Illustrated.

Brady will receive “significantly less money than the market will bear” in order to help the Patriots remain competitive for his tenure with the club. The following shows Brady’s cap numbers over the next five seasons:

2013: $13.8 million
2014: $14.8 million
2015: $13 million
2016: $14 million
2017: $15 million

The three-year extension is worth $27 million. King describes this as an eye-popping figure, as Brady was expected to command double this amount. The extension provides New England with roughly $20 million in cap space for the 2013 season, and $30 million in space over the next two years.

Brady’s string of impressive performances continued last season, as he finished the year completing 63 percent of his passes for 4,827 yards, 34 touchdowns and eight interceptions.