According to NFL Network’s Ian Rapoport, the NFL has informed teams that the salary cap for the 2021 season will be set at 182.5 million, 2.5 million over the salary cap floor that the league announced weeks ago.
Teams are now being informed: The cap is $182.5M.
— Ian Rapoport (@RapSheet) March 10, 2021
With the salary cap set, the Bucs are now officially $5.4 million over the cap right now, but they can clear quite a bit of space with just a few moves, so that number doesn’t matter too much. The franchise tag for WR Chris Godwin now comes in at $15.983 million for the 2021 season, well under what he would have commanded per year on the open market.
After franchise tagging Godwin and re-signing LB Lavonte David to a two-year, $25 million contract ($3.5 million cap hit this season), the Bucs will now turn all their attention to a Tom Brady extension and other roster moves to clear space to make Shaq Barrett a highly competitive offer before he hits the open market. Barrett may still explore free agency, giving the Bucs the opportunity to match another team’s offer before he signs elsewhere.
Barrett, TE Rob Gronkowski, WR Antonio Brown, K Ryan Succop, DT Ndamukong Suh and RB Leonard Fournette are the team’s key remaining free agents.