Ted Wells' report concluded that Brady "was at least generally aware of...the release of air from Patriots game balls." The report also said that Brady did not fully cooperate with the investigation.
Brady will likely face punishment from the league, though it is uncertain how exactly the NFL will choose to punish the four-time Super Bowl winning quarterback.
Sportsbook Bovada has the odds at 1-3 as of Friday afternoon ET that Brady will be suspended for at least one game, with 2-1 odds against. Bovada set the odds of a full-season suspension for Brady at 10-1, with 1-20 odds against.
On Thursday, Tom Brady's agent criticized the Wells report, saying the investigation into the Deflategate scandal has "significant and tragic flaws."
In an appearance on Thursday night at Salem State University, Brady largely sidestepped questions about Deflategate, saying he hadn't had time to fully digest the 143-page document. He said the Wells report would "absolutely not" taint the Patriots' Super Bowl title.