Derek Jeter Sells Tom Brady’s Rental Home out From Under Him for $22.5 Million

Talk about your big-ticket eviction notice. The home Tampa Bay Buccaneers quarterback Tom Brady rented from Miami Marlins part-owner Derek Jeter is changing hands. Jeter, the former New York Yankees star, sold the waterfront mansion in Tampa for a cool $22.5 million. Will Brady have to call the movers? That is still up in the air.

Not much more than a simple cottage with seven bedrooms and eight bathrooms, the house closed Friday. The $29 million home sold at a discount. However, it’s not likely Jeter will have to scale back his lifestyle due to the difference.

Brady signed with the Buccaneers in March 2020 and rented the mansion from Jeter the following month. For the first time in his legendary career last season, Brady changed teams and promptly led the Bucs to their second Super Bowl championship. Because of course he did.

Tom Brady won’t be on the streets

Tom Brady initially signed a two-year, $50 million deal with Tampa Bay and agreed to a four-year extension in March. The extension can void to a one-year extension through the 2022 season. The Bucs saved $19 million in salary-cap space by reworking Brady’s contract, per ESPN.

If forced to vacate his current premises, Brady won’t have difficulty finding new digs. According to Spotrac, he is the second-highest paid player in NFL history, with career earnings of more than $263.5 million. He is poised to move to the top of the list this season, passing recently retired quarterback Drew Brees (career earnings of more than $269.7 million).

Those earnings enabled Brady to do something of which most of us only dream. He and his wife, Gisele Bündchen, bought an island parcel off Miami. They plan to build a home there.

Derek Jeter turned the property into a fixer-upper

Derek Jeter and Tom Brady
Derek Jeter (left) has sold the Tampa mansion he rented to Tom Brady in April 2020 for $22.5 million. | Mark Brown/Getty Images | Cliff Welch/Icon Sportswire via Getty Images

Derek Jeter bought the land the mansion stands in 2005. He then replaced the existing homes with the current building. The 22,000 square-foot structure has a wine cellar, movie theater, and an air-conditioned six-car garage.

Per The Associated Press, Smith & Associates handled the deal, and a spokesperson said there was no trouble with Brady getting the place ready to show upon request.

Jeter lived part-time in the mansion until he retired as a player in 2014. Tampa hosts the Yankees’ spring training complex. The team moved it from Fort Lauderdale in 1996, Jeter’s first full season in the majors.  

Spotrac lists Jeter’s career earnings as a player in the neighborhood of $266.2 million (quite a nice neighborhood at that). That is the fourth-highest of all-time behind former Yankee teammate Alex Rodriguez, Albert Pujols, and Miguel Cabrera.

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When the Buccaneers return to the field later this year, Brady begins to pursue his eighth Super Bowl ring. That’s already two more than the next closest player on the all-time list, Charles Haley. They are the only two players to be on at least five winners of the big game at the end.

Brady tied Haley when he led the New England Patriots past the Atlanta Falcons in February 2016, engineering the largest comeback in Super Bowl history. The Patriots won 34–28 in the first Super Bowl overtime after trailing at halftime 28-3.

The record-breaking win came in February 2018 when the Patriots outslugged the Los Angeles Rams, 13-3, in the lowest-scoring Super Bowl ever played. Brady earned ring No. 7 earlier this year when he led the Buccaneers past the defending champion Kansas City Chiefs.

Given that history, Brady shouldn’t have a bit of trouble finding a new place to crash in Tampa.