• Loading stock data...
Tuesday, March 31, 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

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jan 14, 2025; Washington, DC, USA; Sen. Richard Blumenthal, D-Conn., delivers remarks during a Senate Armed Services committee hearing on the expected nomination of Pete Hegseth to be Secretary of Defense on Tuesday, Jan. 14, 2025 in Washington, DC.

‘Astonishing and Appalling’: Senator Blasts MLB-Polymarket Deal

A Connecticut senator says prediction markets are part of an “addiction conspiracy.”

Chiefs Owner: Opener ‘Not on Table’ With Mahomes Status Unclear

Team owner Clark Hunt discusses Patrick Mahomes, TV, and the new stadium.

NFL Warns Prediction Markets Operators Over Vulnerable Bets

Ongoing litigation in the burgeoning industry has muddied the waters.

Featured Today

Mar 27, 2026; Washington, DC, USA;UConn Huskies forward Tarris Reed Jr. (5) dunks the ball against the Michigan State Spartans in the second half during a Sweet Sixteen game of the East Regional of the men's 2026 NCAA Tournament at Capital One Arena

March Madness Coaches Debate ‘Blueblood’ in NIL Era

The term’s meaning was up for debate at men’s March Madness.
Maxime Vachier Lagrave
March 25, 2026

The Planet’s Best Chess Players Are Having Their LIV Golf Moment

Chess’s most prestigious tournament is battling a splashy Saudi event.
Beau Brune/LSU
March 22, 2026

College Athletic Departments Are Becoming Media Companies

“There’s only so many tickets you can sell, but content is infinite.”
March 18, 2026

AI College Recruiting Reels Aren’t Fooling Scouts

College coaches and recruiters are way ahead of cheating athletes.
Dec 23, 2023; Inglewood, California, USA; NBC Sports Sunday Night Football analyst Cris Collinsworth during the game between the Los Angeles Chargers and the Buffalo Bills at SoFi Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports

PFF Lays Off Several Employees Amid Company Sale

Teamworks’ purchase of PFF’s enterprise business side is reportedly worth nine figures.
Mar 28, 2026; St. Louis, Missouri, USA; A general view during a ABS challenge during the first inning of a game between the St. Louis Cardinals and the Tampa Bay Rays at Busch Stadium. Mandatory Credit: Jeff Curry-Imagn Images
opinion
March 30, 2026

MLB’s ABS System Makes for Great TV

Some of the weekend’s best drama came from the “robo umps.”
March 30, 2026

Kevin Pelton Leaving ESPN for WNBA Front Office

Pelton previously worked as an analyst for the Pacers.
Sponsored

Cameron Boozer & Cayden Boozer Talk Pressure, Benefit of Playing Together

The Boozer twins have built their games, and their identities, side by side.
March 30, 2026

ESPN’s Jeff Passan Explains Why He Decided Not To Replace Woj

The ESPN insider says he’s now ‘pot-committed’ to baseball.
Nicolas Echavarria tees off on no. 16 during the second round of the Masters Tournament at Augusta National Golf Club in Augusta, Ga., on Friday, April 11, 2025.
March 30, 2026

Amazon Reveals Talent Lineup for Its Masters Debut

Prime Video will air first and second-round coverage for the first time.
March 29, 2026

NFL Faces Antitrust Threat from FCC Chair Over Streaming Push

The Trump loyalist threatens the league’s antitrust exemption.
Michele Steele
exclusive
March 26, 2026

Ex-ESPN Reporter Michele Steele Joining Big Ten Network

Steele spent 14 years at ESPN before her departure last summer.