Sunday, April 12, 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

Patriots to Hold Their Pre-NFL Draft Presser Without Mike Vrabel

New England EVP Eliot Wolf will meet with reporters Monday.
Apr 10, 2026; Augusta, Georgia, USA; Patrons react after Rory McIlroy's first putt on the 10th green during the second round of the Masters Tournament at Augusta National Golf Club. Mandatory Credit: Katie Goodale-Imagn Images

The Masters Cell Phone Ban Doesn’t Apply to Everyone

Some VIPs can discreetly carry a phone at Augusta National.
MARTINEZ, GEORGIA - APRIL 08: Erick Lottary, J. R. Smith and Kevin Hart attend DraftKings x Sports Illustrated – Augusta After Dark on April 08, 2026 in Martinez, Georgia

‘Next Level’: How VIPs Party in Augusta During Masters Week

Some of Augusta’s best experiences don’t require a ticket.
Feb 8, 2026; Santa Clara, CA, USA; New England Patriots quarterback Drake Maye (10) fumbles as he is sacked by Seattle Seahawks linebacker Derick Hall (58) in the second half in Super Bowl LX at Levi's Stadium

StubHub to Pay $10M to Settle FTC Case Over NFL Ticket Fees

The company was charged with purposely delaying compliance with a rule.

Featured Today

Matthew Schaefer/Front Office Sports

Matthew Schaefer Has the Hockey World in His Thrall

The teenage Islanders defenseman cannon-balled into the NHL.
April 9, 2026

College Athletes Are Ignoring NCAA Gambling Bans

“We were going to bet regardless,” says one former D-I athlete.
April 8, 2026

Why Did FIFA Do a Deal With an Obscure Prediction Market?

The product is scheduled to launch on Thursday.
Mar 28, 2026; Houston, TX, USA; Illinois Fighting Illini forward David Mirkovic (0) and center Tomislav Ivisic (13) react in the second half against the Iowa Hawkeyes during an Elite Eight game of the South Regional of the men's 2026 NCAA Tournament at Toyota Center.
April 4, 2026

Loopholes Enable Int’l College Basketball Players to Cash In

Schools have scrambled to find a way to compensate international players.
Feb 10, 2022; Los Angeles, CA, USA; Dianna Russini appears on the red carpet prior to the NFL Honors awards presentation at YouTube Theater. Mandatory Credit:
exclusive

The Athletic Probing Dianna Russini Over Mike Vrabel Photos

The Athletic previously released a statement defending the NFL reporter.
Apr 9, 2026; Augusta, Georgia, USA; Rory McIlroy tees off on the eighth hole during the first round of the Masters Tournament at Augusta National Golf Club. Mandatory Credit: Kyle Terada-Imagn Images
opinion
April 9, 2026

Why Prime Video Was Wise to Lay Up During Masters Debut

Amazon’s modern broadcast still felt traditional.
Feb 8, 2026; Santa Clara, CA, USA; New England Patriots head coach Mike Vrabel walks on field before Super Bowl LX against the Seattle Seahawks at Levi's Stadium. Mandatory Credit: Mark J. Rebilas-Imagn Images
exclusive
April 9, 2026

Vrabel-Russini Photos Were Shopped to Multiple Outlets

The New York Post published the now-viral photos on Tuesday.
Sponsored

From Gold Medalist to Business Founder

Allyson Felix on investing in women’s sports and what comes next for track & LA28.
Apr 9, 2026; Augusta, Georgia, USA; Sam Burns putts on the 15th green during the first round of the Masters Tournament at Augusta National Golf Club. Mandatory Credit: Kyle Terada-Imagn Images
April 9, 2026

Amazon Passes Masters Test During Debut

Prime Video streamed two hours of coverage Thursday afternoon.
April 9, 2026

NFL Faces DOJ Investigation With Media-Rights Battle Heating Up

Washington’s growing scrutiny of the league is deeply layered.
Apr 4, 2026; Phoenix, AZ, USA; ESPN reporter Holly Rowe during practice for the 2026 NCAA Women's Final Four at Mortgage Matchup Center. Mandatory Credit: Kirby Lee-Imagn Images
April 9, 2026

Holly Rowe Talks WNBA Draft, Auriemma-Staley Dustup

The ESPN reporter addressed a variety of women’s basketball topics.
April 8, 2026

Men’s March Madness Title Game Draws 18.3M Viewers, Up 23%

Michigan’s title win completes an emphatic run of audience increases.