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.
• $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.
• $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.
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: email@example.com
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