Bucs general manager Jason Licht, who will be speaking to the local Tampa Bay media and the national media on Wednesday at 3:00 p.m. ET was a guest on the Rich Eisen Show and discussed the possibility of signing Super Bowl LV MVP Tom Brady to a contract extension.

Bucs QB Tom Brady and GM Jason Licht

Bucs QB Tom Brady and GM Jason Licht

Brady signed a two-year deal worth over $50 million with Tampa Bay in the 2020 offseason and guided the franchise to an 11-5 season en route to winning Super Bowl LV at Raymond James Stadium by beating the Kansas City Chiefs, 31-9.

“It’s a possibility,” Licht told Eisen on the phone. “He certainly didn’t look like he slowed down any this year. So that’s a possibility and we’ll have to see how that goes.”

Eisen asked Licht if he reached out to 43-year old Brady, who said during the regular season that he might want to play until he’s 45, about the idea of a contract extension.

“I’ll probably keep that under wraps right now, but like I said … it appears that he had a really good time this year winning the Super Bowl and likes our organization and likes our coaches, likes our head coach and ownership. And we certainly love him – usually when you have those two things going for each other it’s a match made in heaven. So we’d like to keep this going.”

Brady is scheduled to earn $25 million in 2021, which is the final year of his contract, and has a cap value of $28.375 million due to $3.75 million of bonuses he hit during the team’s Super Bowl season. Adding an additional year to his deal could help the Bucs create some more cap room this year as the team is expected to have around $30 million worth of cap space available and has several free agents that it would like to re-sign, including wide receiver Chris Godwin, linebacker Lavonte David, outside linebacker Shaquil Barrett, defensive tackle Ndamukong Suh, tight end Rob Gronkowski and kicker Ryan Succop among others.

In first year as Tampa Bay’s quarterback, Brady threw for 4,633 yards, which was the second-most in Bucs history and a franchise-record 40 touchdowns with three more rushing scores and just 12 interceptions. Brady won the seventh Super Bowl championship and his fifth Super Bowl MVP honor of his career.

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About the Author: Scott Reynolds

Scott Reynolds is in his 25th year of covering the Tampa Bay Buccaneers as the vice president, publisher and senior Bucs beat writer for PewterReport.com. Author of the popular SR's Fab 5 column on Fridays, Reynolds oversees web development and forges marketing partnerships for PewterReport.com in addition to his editorial duties. A graduate of Kansas State University in 1995, Reynolds spent six years giving back to the community as the defensive line coach for his sons' Pop Warner team, the South Pasco Predators. Reynolds can be reached at: sr@pewterreport.com
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surferdudes
3 months ago

Give him a 3 year deal. The third year being back loaded, with team, and player options.

^^mtn^^
^^mtn^^
Reply to  surferdudes
3 months ago

Yup

Captain Sly
3 months ago

Licht’s not going to tip his hand but he knows extending Brady creates a lot more cap room to resign his vets. Only downside once his skills decline you’re left with lopsided contract. But having Brady in your future as a player/coaching or just in the building is better than most teams.

Spitfire
Reply to  Captain Sly
3 months ago

The contract can be as lopsided as it wants to be, if the lopsided years aren’t guaranteed then there’s no negative effect. I would write the contract that no money is guaranteed against the Cap but he can simply play until he feels he’s done. He’s not gonna hold the team hostage and play past being competitive, in return he can retire whenever he wants and has no dead money to ever screw the team. That’s how I’d do it.

Naplesfan
Reply to  Spitfire
3 months ago

Agreed – Tom Brady won’t suit up if he isn’t up to it any more. He’ll know at the end of each season what his body is capable of. He’s not looking for something for nothing.
Give him a two year extension, with options for another one or two more years unguaranteed with performance bonuses.
He may play til he’s 50!

fredster
3 months ago

Makes sense to do if helps cap. He has likely 1-2 years left. 1 year is for sure. Dude looked 33 this last season!

Spitfire
3 months ago

I would make him a contract that makes it so that no money is forced to be guaranteed yet he is allowed to play until he is done. Brady isn’t gonna wanna play past being competitive and will have all the teams records, and a 50% Brady is still better than any Bucs QB before him. But let the contract give him security yet not screw the team once he’s had enough. Honestly, with what Brady has already done for this team and already delivering our 2nd ring, I would show him that he is safe to stay as long… Read more »

Captain Sly
Reply to  Spitfire
3 months ago

Honestly I can’t see why anyone especially Brady would sign a contract “with no guarantees”. He goes out there and have an Alex Smith type injury what then? We just wheel him out the back door with a Get Well Soon card and some Bucs swag waiving good bye thanks for the memories…Before disrespecting the GOAT like that Licht & BA should just resign.

Eddie
Reply to  Captain Sly
3 months ago

Agreed 100%. Especially this is a guy who doesn’t need the money but respect and flexibility means everything. Handle with care

Saints Fan
Reply to  Captain Sly
3 months ago

Injury guarantee is standard in all contracts.

Captain Sly
Reply to  Saints Fan
3 months ago

Injury Settlement! Not the same as guaranteeing the entire contract.

Buc76
3 months ago

Its all gravy. After winning the Super Bowl give him whatever he wants. We’re 2-0 in the Super Bowl. That’s priceless!

PatrioticChief
3 months ago

Bucs would be wise to accept some dead cap the year he retires in exchange for a lower cap hit while he is playing like a top 5 QB. The dead cap when they are hunting for a new QB won’t matter much anyways.

cptsora
3 months ago

We haven’t had a franchise QB since our start. Give this man everything he wants to stay, extend him 3 years. I don’t care. He’s the best QB the Bucs have ever had and it’s not even close.

SappAttack
3 months ago

Don’t be surprised to see this dude chases 10 Super Bowls. That would cement him as the GOAT for eternity. How do you touch 10 Super Bowls?

Last edited 3 months ago by SappAttack
Eddie
3 months ago

Brady is not among the top 10 highest paid QB in 2021. #10 on this list is being paid $30M.

Buc76
3 months ago

10 Super Bowls would be the other side of the Buffalo Bills. We win 4 straight Super Bowls. He gets his 10. Question would be which career is better? Bucs or patriots. I say Bucs if we win 4 in a row