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Tom Brady Talks Welker, Gronkowski and...Playing for New York?

Wednesday, 5 Jun 2013 | 11:45 AM ET
CEO Grows Under Armour Brand With Tom Brady
Wednesday, 5 Jun 2013 | 10:38 AM ET
Kevin Plank, Under Armour chairman, president and CEO, and New England Patriots quarterback Tom Brady discuss the company's newest endorsement deal and its strategy to expand its brand.

Patriots quarterback Tom Brady was the special guest at Under Armour's shareholder meeting, and he spoke to CNBC alongside CEO Kevin Plank.

When asked whether he'd ever consider playing for a New York team, Brady said it would be highly unlikely. "It's very slim at this point, I like where I am; I'm very settled," he said, adding that any speculation he would move teams "would be news to me."

Brady said that he chose to represent Under Armour because the sporting apparel and accessories company's products are so popular with young people.

"Going into the 14th year of my career, I couldn't have made a better decision," he told "Squawk on the Street."

In the off-season, top wide receiver Wes Welker signed with the Denver Broncos. It "was a very sad day, losing one of my best friends," Brady said. He wasn't able to clarify the condition of the Patriots' star tight-end, Rob Gronkowski, who has been riddled with injuries since the end of the season. Gronkowski reportedly has back surgery scheduled for later this month.

"He's a really hard worker," Brady said of Gronkowski. "He's really committed to getting himself healthy, and whenever that happens he'll be out there. I hope it's soon. He's a great player, and we love having him out on the field."

On reports about Major League Baseball suspensions on allegations of use of performance-enhancing drugs, Brady said that players should uphold the rules of their league.

"There is no place it in sports," he said of such substances.

Brady said that he doesn't participate in product design at Under Armour and instead will leave that to the company's team.

Plank said that the company is on its way to doubling revenues to more than $4 billion by 2016.

"International is going to be a big part of that," he said. "Footwear is going to be a part of that; women's will be a part of that; and, certainly, selling a lot of cleats that Tom is wearing right now is going to be a part of that."

Under Armour will have to evolve to satisfy regional tastes, Plank said. "The thing about going global is that you have to be local," he said. Part of the company's strategy is to open retail locations instead of developing wholesale relationships in various countries, he added

— By CNBC's Paul Toscano. Follow him on Twitter and get the latest stories from "Squawk on the Street" @ToscanoPaul

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