Tom Brady still has a year left on his current Buccaneers contract to keep Tampa Bay at age 45, renewed to help the team win Super Bowl 55 at a score of 43. But with the idea of trying to win more Super Bowl, Buckeye reportedly agreed to give him a team-friendly extension.
According to ESPN's Josina Anderson, The Bucs are getting “closer” to restructuring their contracts, knowing that it is clear that Brady wants to play well into his mid-40s, having rejuvenated by winning the seventh ring.
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By agreeing to join the Bucs in March 2020, Brady received a symmetrical, fully-fledged $ 50 million two-deal guarantee. The average annual salary of $ 25 million was broken by $ 15 million in base salary and $ 10 million in roster bonuses for the previous season and 2021 season. He was set up for $ 3.375 million in miscellaneous bonus amounts. The $ 28.375 million salary cap was added to the hits for both years.
With the adjustment the Buccaneers cap space will be set up around $ 184.5 million for 2021, they will have about $ 19 million available per cap. Spotrac. The Bucs have three key free agents trying to retain that money with wide receiver Chris Godwin, edge rusher Shaquille Barrett and linebacker LaVonte David. Downing a tie, the three older players they also want to keep if possible with Brady are defensive Nidamukong Suh, tight end Rob Gronkowski and wide receiver Antonio Brown.
At the moment, the franchise cannot book Godwin, Barrett and David between the tag and long-term deals. Changing Brady's contract is a requirement. Otherwise, the team will have to leave some players to do so. If the Bucs cut defensive lineman William Gholston and two tight ends, Cameron Brett and OJ Howard – for a combined $ 18 million in immediate cap relief – they want them to take additional measures to secure Suh and Gronkowski.
The goal would be a significant $ 28 million cut with Brady, the biggest cap on the roster so far. The next wide receiver is Mike Evans, who will take a $ 16.6 million hit for 2021.
Evans, who restructured his contract before last season to make more than $ 9 million in editorial cap space, allowed the team to add Leonard Fournette back. Per NBC Sports' Peter King's Interview with Coach Bruce Ariane, Evans is ready to help again. Between Brady and Evans doing their part, the “big three” free agents can return with deals pleasing everyone.
Brady changed his contract several times to either bring back or add other players for the Patriots. It is a no-brainer for the Buccaneers, who gave him a renewed commitment to play many more seasons with his firm.
The one- and two-year deal does not matter much, as it does not provide much flexibility in the contract. It is even smarter to go three or four more years with Brady, where the Bucs can promote their guaranteed money and bonus cap hits at the age of 46 or 47.
Changing the base salary to bonus money always helps, as it can spread cap hits over many years. Brady raised his salary by more than $ 3 million, hitting an extra bonus with a Super Bowl win. Either three years at $ 84 million through 2023 or four years at $ 108 million through 2024 can work well. The Buccaneers can guarantee more than half of their salary upon signing and a quarter of the contract can come in signing bonus money.
The Bucs' main objective should be to avoid big-cap hits over the course of a few years and get a proper out before the final year of his contract that led to Brady's decline in play. For Brady, he can still get what he wants guaranteed money in relation to the inflated market, but adding to his ring collection could give his team a better chance of winning another Super Bowl.
Forget rumors of an expansion. It is now only a matter of when and how it is okay for Brady.