Thursday, June 11, 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

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

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Fox Starts World Cup With Hydration Break Ads, No Shakira

FIFA instituted hydration breaks for all 104 matches.
Jun 10, 2026; New York, New York, USA; New York Knicks guard Jalen Brunson (11) controls the ball against San Antonio Spurs guard De'aaron Fox (4) during the fourth quarter of game four of the 2026 NBA Finals at Madison Square Garden

Leagues and Networks Are Going All In on America250

Celebrations include jersey patches, special uniforms, and dedicated programming.
In this photo illustration, a mobile device displays the Kalshi logo while a laptop displays the webpage of the prediction market platform in Copenhagen, Denmark, on February 10, 2026. (Photo by Kristian Tuxen Ladegaard Berg/NurPhoto)

CFTC’s Proposed Rules Won’t Quiet Prediction-Market Critics

Markets tied to physical altercations or referee decisions would be flagged.

NFLPA Calls Out Owners As Stadiums Swap Turf for World Cup Grass

Eleven NFL venues will host matches during the World Cup.

Featured Today

Ai sports slop

How Sports Became Ground Zero for AI Slop

The category is the perfect breeding ground for AI content churn.
FILE PHOTO: Soccer Football - FIFA World Cup - UEFA Qualifiers - Group A - Germany v Luxembourg - Rhein-Neckar-Arena, Sinsheim, Germany - October 10, 2025 Germany coach Julian Nagelsmann
June 4, 2026

‘Weird Corners of the World’: How to Find a World Cup Coach

National associations look for a winning record—and also hope for serendipity.
June 3, 2026

The Elite High Schools Hosting World Cup Teams

Spain, Morocco, Croatia, and Switzerland chose schools as their tournament base camps.
Frances Cabral-Delaney
May 29, 2026

How Arsenal Fandom Went ‘Manic’

“People do not become Arsenal fans because it’s easy,” says Zohran Mamdani.
Jun 8, 2026; New York, New York, USA; San Antonio Spurs forward Victor Wembanyama (1) shoots the ball as New York Knicks center Karl-Anthony Towns (32) defends during game three of the 2026 NBA Finals at Madison Square Garden. Mandatory Credit: Vincent Carchietta-Imagn Images

NBA Finals Game 3 Draws 23.8M Viewers, Most Since 2017

Game 3 marked the most-watched TV program since the Super Bowl.
Jun 5, 2026; San Antonio, Texas, USA; Stephen A. Smith looks on before the game between the San Antonio Spurs and the New York Knicks in game two of the 2026 NBA Finals at Frost Bank Center. Mandatory Credit: Scott Wachter-Imagn Images
June 10, 2026

Will Trump Feud Reignite Stephen A. Smith’s Presidential Ambitions?

Trump and Smith have exchanged public insults in recent days.
FILE PHOTO: U.S. House Judiciary Committee Ranking Member Jamie Raskin (D-MD) speaks at a House Judiciary Committee hearing on "Oversight of the Department of Homeland Security" on the day U.S. Homeland Security Secretary Kristi Noem testifies, on Capitol Hill in Washington, D.C., U.S., March 4, 2026.
June 10, 2026

Lawmakers Pressure NFL Over Cost of Games at House Hearing

Lawmakers again examine the league’s impacts upon consumers.
Sponsored

Landon Donovan: What Soccer in America Still Needs

Landon Donovan discusses the evolution of soccer in America and investing in the NWSL.
June 9, 2026

Knicks-Spurs Game 2 Notches Another Viewership Win for ABC

The latest viewership figure extended a heady run for Disney.
Jun 8, 2026; New York, New York, USA; Television analyst and hall of fame basketball player Shaquille O'Neal walks on the court before game three of the 2026 NBA Finals between the San Antonio Spurs and New York Knicks at Madison Square Garden. Mandatory Credit: Geoff Burke-Imagn Images
opinion
June 9, 2026

Shaquille O’Neal Shines During ‘Inside the NBA’ Finals Debut

The Diesel praised the Spurs’ physical play in Game 3.
Apr 21, 2026; Los Angeles, California, USA; Houston Rockets forward Kevin Durant (7) looks on from the court in the second half of game two of the first round of the 2026 NBA Playoffs against the Los Angeles Lakers at Crypto.com Arena. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images
June 9, 2026

Yahoo Sports Syndicates False Kevin Durant Trade Story

As of Tuesday, Durant remains a member of the Rockets.
Jun 3, 2026; San Antonio, Texas, USA; NBA analyst for ESPN,Stephen A. Smith before game one of the 2026 NBA Finals at Frost Bank Center. Mandatory Credit: Scott Wachter-Imagn Images
June 9, 2026

Trump, Stephen A. Smith Escalate NBA Finals–Fueled Feud

Trump questioned if Smith has the IQ required to run for president.