Sunday, November 8, 2026

Tom Brady’s $220 Million Raiders Stake Is Messing With His $375 Million Day Job

  • The NFL has placed heavy restrictions on Brady as a Fox broadcaster.
  • He is still permitted to call Raiders games.
Kevin Jairaj-Imagn Images

Want more from Front Office Sports
in your search results?

Add Front Office Sports on Google

New Raiders part-owner Tom Brady can, in fact, call Las Vegas games on Fox airwaves. The NFL confirmed as much Thursday after Brady’s long-awaited 10% stake in the team was unanimously approved by owners at the owners meetings in Atlanta earlier this week.

It took Brady nearly a year and a half to get to that point. In addition to worries about “the quality of his money,” as ESPN reported, there were obvious concerns about his role as Fox’s lead analyst on Sundays. 

Brady and investor Tom Wagner reportedly paid $220 million for their share at a $3.5 billion evaluation of the team.

Even before the stake was finalized, the league essentially neutered Brady’s ability to learn about the teams he was covering, as the other owners worried about an interested party getting inside information about their teams. 

These are the restrictions that Brady has been working under, as reported by Seth Wickersham in August:

  • He can’t criticize teams or refs.
  • He can’t enter teams’ facilities.
  • He can’t attend practices.
  • He can’t join pregame production meetings with teams or players—in person or virtually.
  • He’s subject to the league’s gambling and tampering policies. 

The Cowboys told ESPN this week that they prefer Brady to attend their meetings when covering their games.

Fox signed Brady to a 10-year, $375 million deal as soon as his retirement papers were dry; the legendary quarterback took a year away from the league before replacing Greg Olsen as Fox’s No. 1 analyst this year. His broadcasting career got off to a halting start, although the broad consensus is that Brady has been gradually improving.

Brady’s two jobs were a major topic in Atlanta this week. Normally placid league commissioner Roger Goodell appeared somewhat agitated when asked by Front Office Sports about how the NFL got comfortable with the deal.

“Tom’s been abiding by the issues that we raised through the [finance] committee voluntarily since he began his broadcasting,” Goodell said. “That’s all been resolved, outlined very clearly, and everybody seems to be satisfied with that.”

Or not. Finance committee chairman and Chiefs owner Clark Hunt, who will now share a division with Brady, said that the broadcasting situation raised eyebrows.

“I think a lot of owners around the league felt that was a potential conflict,” Hunt said. “It’s hard to know whether it will be an actual conflict, but it can be a potential conflict or perceived conflict.”

— With Eric Fisher reporting from Atlanta

Download the FOS App

The business of sports, in your pocket.

QR code to download the app

Scan the QR code to get the app now.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mike Tirico Out for ‘Sunday Night Football’ With ‘Health Issue’

The game was set to be Tirico’s 300th NFL broadcast.

Philip Rivers Expected To Be Hired as NC State Coach

Rivers played in the NFL last year and was coaching high school.

NFL Teams Turn to Bargain Backups With High-Priced QBs Out

NFL teams will have used 47 starting quarterbacks through 9 weeks.
podcast thumbnail mobile
Front Office Sports Today

11/6/26 – LIV Golf Is Over, LeBron vs. Bron AI App, Pegula’s Hot-Mic Moment

0:00

Featured Today

Can MLS Capitalize on Son-Mania?

Korea and Tottenham fans alike have flocked to LAFC’s away matches.
Pickering High School North
November 4, 2026

High School Athletic Directors Say They’re Running ‘Mini Colleges’

ADs are managing a growing list of demands from athletes and parents.
October 30, 2026

How Injuries Hit Pro Marathoners in the Wallet

Staying healthy can get expensive—quickly.
Football - NFL - Houston Texans v Jacksonville Jaguars - Wembley Stadium, London, Britain - October 18, 2026 The necklace of a Jacksonville Jaguars fan outside the stadium before the match
October 21, 2026

Die-Hard Sports Fandom Has Reached the Afterlife

Will fans pay $6,000 to memorialize their team loyalty?
October 20, 2026

Why Europe Is Pumping Out NBA Superstars

The NBA and NCAA have an increasingly European flavor.
The ESPN logo is seen on an electronic display in Times Square in New York City, U.S., August 23, 2017. REUTERS/Mike Segar
Exclusive

ESPN Warns Talent About Insider Betting on Prediction Markets

The guidelines were sent to on-camera talent at the end of October.
Feb 7, 2022; Westlake Village, CA, USA; ESPN reporter Dianna Russini at Los Angeles Rams Super Bowl LVI Opening Night at Oaks Christian High School. Mandatory Credit: Kirby Lee-USA TODAY Sports
First at FOS
November 6, 2026

Dianna Russini Set to Return to Media: What We Know

Russini’s new content is expected to be sponsored by gambling operators.
November 6, 2026

College Football’s Loaded Saturday Sets Up Huge Day for ABC, ESPN

The networks will broadcast five top-25 matchups Saturday.
Sponsored

How Jeremy Bloom Is Reinventing the X Games

Jeremy Bloom discusses transforming the X Games into a global brand.
Sep 21, 2025; Foxborough, Massachusetts, USA; Former New England Patriots wide receiver Julian Edelman during halftime at Gillette Stadium. Mandatory Credit: Brian Fluharty-Imagn Images
November 5, 2026

Julian Edelman: Foxborough ‘Will Be Rocking’ for Tom Brady’s Return

Brady will be calling a Patriots game for the first time.
ESPN analyst Pat McAfee broadcasts live from the sidelines of Acrisure Stadium in Pittsburgh, PA prior to the start of the Pittsburgh Panthers vs Notre Dame Fighting Irish game on November 15, 2025.
Opinion
November 5, 2026

How Did Pat McAfee Get So Polarizing?

Some of the criticism is self-inflicted. Some of it is unfair.
November 4, 2026

College Football TV Ratings Remain Down 11% Through October

Four games total have drawn an audience of 10 million or higher.
Oct 31, 2026; San Francisco, California, USA; Golden State Valkyries players hold the trophy after winning the 2026 WNBA Finals against the Atlanta Dream at Chase Center
November 3, 2026

WNBA Finals Game 7 Draws 3.3M Viewers

The series averaged nearly 1.9 million viewers, the most for a Finals.