Tom Brady announces he won’t re-sign with New England Patriots

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With Tom Brady announcing he won't re-sign with the Patriots, Tampa Bay is the -150 'chalk' to sign him and the Chargers have +150 odds to land the six-time Super Bowl winner.

The Tom Brady Era is officially over in New England.

Brady announced on social media that he would be playing in a new uniform next season. As of Sunday afternoon, the Patriots and Buccaneers were -110 co-favorites to have the veteran under center in 2020.

“I don’t know what my football future holds but it is time for me to open a new stage for my life and career,” Brady said on Tuesday. “I thank you from the bottom of my heart and I will always love you and what we have shared — a lifetime full of fun memories.”

The news immediately changed the odds in several markets.

Brady is now -150 to end up in Tampa Bay, according to BetOnline. Los Angeles and Indianapolis have both jumped back into the picture as well. The Chargers are +150 and the Colts are +700.

Indianapolis is now -300 to land Philip Rivers during the offseason, however.

New England will now be looking elsewhere to replace its long-time quarterback. Backup Jarrett Stidham is a +150 ‘chalk’ to be the starter in Week 1 of the 2020 regular season. Andy Dalton is listed at +300 and Jameis Winston is +700.

The Patriots’ 2020-2021 odds also took a turn after Brady’s decision became public. They went from -200 to win the AFC East to +125 at PointsBet, which makes them co-favorites with Buffalo.

BetOnline has New England at -110 and the Bills at +175.

New England’s Super Bowl odds also took a hit on Tuesday morning. The Patriots were adjusted from 14/1 to 25/1 at the Westgate SuperBook. BetOnline also has them at 25/1, with 10/1 odds to win the AFC Championship.

Brady is 28/1 to win the MVP next season. The Patriots’ season win total dropped from nine games to 8.5 games at Circa Sports.

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