The Buccaneers created nearly $20 million in salary cap space on Friday by extending the contract for quarterback Tom Brady. Brady was set to make $25 million in base salary for the 2021 season, which was going to be his final season under contract prior to Friday’s extension, which added an additional year to the deal and committed him to playing the 2022 season in Tampa Bay.

Brady’s contract extension has three additional voidable years – or “dummy years” – built in to spread out his $40 million in signing and roster bonus money over five years, which drops his cap value from $28.375 million, which included $3.375 million in incentive money that he earned last season, to just $9.075 million in 2021, according to NFL Network’s Tom Pelissero.

Tom Brady’s new contract with the #Bucs is another two-year, $50 million deal, but $41.075M is due in 2021 and just $8.925M in 2022, per source.

The deal once again includes postseason incentives, and there are three voidable years, lowering his cap number in 2021 to $9.075M.

— Tom Pelissero (@TomPelissero) March 13, 2021

MMQB NFL reporter Albert Breer has the contract breakdown regarding Brady’s new extension with the Buccaneers.

Bucs QB @TomBrady‘s extension.

• $20 million to sign ($15M deferred to ’22).
• $20 million roster bonus due this month.
• $1.075 million ’21 base.
• $8.925 million ’22 base.
• $9 million in performance/playoff incentives.
• ~$1.5 million kickers to RB if 17th game added.

— Albert Breer (@AlbertBreer) March 13, 2021

Breer also reported on Brady’s incentives for the next two years of the contract.

And Tom Brady’s incentives in each year …

• $500K for playoffs.
• $750K for WC win and 75% playtime or bye.
• $1.25M for Divisional win and 75% p/t in ’21.
• $1.75M for SB and 75% p/t in ’21.
• $2.25M for 🏆 and 75% p/t in ’21.

(cont.) https://t.co/6xIE9GbEsF

— Albert Breer (@AlbertBreer) March 13, 2021

• $562.5K for Top 5 in passer rating.
• $562.5K for Top 5 in TD passes or 25+ TDs*.
• $562.5K for Top 5 in total passing yards*.
• $562.5K for Top 5 in completion %.
• $562.5K for Top 5 in yards/attempt.

* These 2 contingent on Bucs improving NFL rank in yards/rush.

— Albert Breer (@AlbertBreer) March 13, 2021