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NFL Tells Tom Brady He Must Sell Raiders Stake to Play Again

League rules bar player-owners, forcing any comeback to start with selling his Raiders stake.

Overview

  • Brady told CNBC on Thursday that he asked the NFL if he could return as a player while keeping his minority stake in the Raiders.
  • The league said he would need to divest under a 2023 policy that forbids active players or team employees from holding equity in a club.
  • A spokesperson also warned of salary-cap complications for any arrangement that blends player and owner roles.
  • Even with a sale, unresolved issues include whether he would be a free agent or limited to the Raiders and whether prior owner payouts would count against a team’s cap.
  • Brady, 48, said last week’s flag football game reaffirmed he is happily retired, and he describes his Raiders role as a light, strategic advisory position.