Thursday, September 17, 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

Mike Tomlin NBC Sports
Opinion

Sports Media Winners and Losers From the Football Week

There were plenty of sports media happenings across college and the NFL.

Fantasy Football Drafts Are Turning Into Full-Blown Vacations

Leagues are foregoing solo drafts and replacing them with in-person getaways.
Exclusive

LeBron James Polymarket Deal Worth $15 Million a Year

James is not an investor in Polymarket, just an endorser.

ESPN Draws 23.2M Viewers for Week 1 of ‘Monday Night Football’

It’s the third-most-watched game of all 362 ESPN MNF broadcasts.
podcast thumbnail mobile
Front Office Sports Today

9/17/26 – CFB Ratings Surge, Joe Buck’s $108M Deal, Knicks Ticket Shock

0:00

Featured Today

Oct 4, 2025; Tempe, AZ, USA; General action during the first period of the game between the Arizona State Sun Devils and the Penn State Nittany Lions at Mullett Arena

How Military-Style Workouts in College Sports Get Dangerous

For elite athletes, high-intensity training can be “very appealing.”
September 6, 2026

Is Carolyn Tisch Blodgett the Future Face of Giants Ownership?

Amid changes at top of Giants ownership, eyes are on Tisch Blodgett.
September 4, 2026

Wild Transfer Window Shows How Premier League Towers Over Soccer

Spending in England vastly outstripped the rest of Europe.
September 3, 2026

Teams Are Spending Millions to Build Luxury Locker Rooms

It’s a recruiting pitch, a retention tool, and a seven-figure line item.
September 1, 2026

High School Football Sidelines Are Clogged With Content Creators

Administrators call these amateur newcomers the “pajama paparazzi.”
Oct 2, 2025; Inglewood, California, USA; Los Angeles Rams mascot Rampage (center) visits Ryan Fitzpatrick (left) and Andrew Whitworth on the Prime Thursday Night Football set at SoFi Stadium. Mandatory Credit: Kirby Lee-Imagn Images

Why Fitzpatrick and Whitworth Won’t Trade Studio for the Booth

The Prime Video analysts also weighed in on the Rams’ Week 1 loss.
Dec 25, 2025; Kansas City, Missouri, USA; General view of the Amazon Prime Thursday Night Football logo at GEHA Field at Arrowhead Stadium.
September 16, 2026

Amazon’s Bills-Lions Game Shows Established NFL Presence

The streamer will begin the season with the new Highmark Stadium opening.
Jun 24, 2024; Eugene, OR, USA; NBC Sports broadcaster Mike Tirico during the US Olympic Team Trials at Hayward Field. Mandatory Credit: Kirby Lee-USA TODAY Sports
September 16, 2026

Tirico Addresses Michael Jordan’s NBC Exit, Hopeful He’ll Return

Jordan served as a “special contributor” for NBC last season.
Sponsored

Drew Weatherford’s Bet on the Youth Sports Economy

Drew Weatherford discusses investing across the youth, college and professional levels.
September 15, 2026

ABC Draws Record 3.2M Viewers for US Open Men’s Final

Alexander Zverev defeated Ben Shelton to claim his second Grand Slam title.
September 14, 2026

Stephen A. Smith: McAfee Has a ‘Different Set of Rules’ at ESPN

Smith signed a nine-figure contract with ESPN last year.
Sep 11, 2026; Melbourne, AUS; San Francisco 49ers wide receiver Mike Evans (5) makes a touchdown catch over Los Angeles Rams cornerback Jaylen Watson (35) in the second half at Melbourne Cricket Ground. Mandatory Credit: Kirby Lee-Imagn Images
September 14, 2026

Netflix’s Australia Game Ties YouTube’s NFL Numbers From Brazil

The subscription streaming service posted an increase in global viewership.
Oct 1, 2023; Houston, Texas, USA; Former Houston Texans JJ Watt speaks to the fans during his Ring Of Honor Ceremony at halftime during the game between the Texans and Pittsburgh Steelers at NRG Stadium. Mandatory Credit: Thomas Shea-USA TODAY Sports
Opinion
September 14, 2026

J.J. Watt Wasn’t Better Than Tony Romo—but He Was Good Enough

Watt will remain with CBS’s top team for at least two more weeks.