New update reports Tom Brady set to make $375 million over 10 years with Fox Sports

The minute Fox Sports announced Tom Brady would serve as its lead analyst after he retires, speculation started about his salary. An earlier report suggested one number, but another report Tuesday said it’s an even bigger payday than people thought.

Brady is signing a 10-year, $375 million with Fox Sports to serve as the network’s No. 1 analyst after he retires, according to the New York Post’s Andrew Marchand. That number comes a few hours after Front Office Sports initially reported Brady would make between $20 million and $25 million per year and upward of $200 million for the entire term of his contract.

That contract is more than double what Tony Romo makes to work alongside Jim Nantz at CBS and what Troy Aikman will make at ESPN combined. The duo combine to make $33.5 million, according to Marchand.

Fox CEO Lachlan Murdoch made the news official about Brady’s future during an earnings call Tuesday morning. The deal takes effect when Brady retires — whenever that may be. He’ll join Kevin Burkhardt, who was recently promoted to replace Joe Buck as Fox’s No. 1 analyst after Buck departed to join Aikman at ESPN as the new Monday Night Football booth.

Tom Brady hiring just one part of wild NFL television free agency carousel this offseason

The deal has been in the works for some time. Sports Business Journal’s John Ourand reported FOX and Brady began negotiations shortly after Aikman left Fox for ESPN — which happened while Brady was initially retired.

Following the announcement, Brady retweeted the Fox Sports statement with a thought of his own about his next journey.

“Excited, but a lot of unfinished business on the field with the @Buccaneers #LFG,” Brady tweeted.

The main question is now when Brady will eventually retire. He’s 44 years old, but sure didn’t look like it last year as he led the NFL in passing yards. The joke has been that he could play until he’s 50 — and he didn’t exactly rule that out last month.