TAMPA BAY – Many wondered what the Buccaneers and Tom Brady would do about his contract once he returned to the game of football.
Said many received their answer on Friday when ESPN’s Adam Schefter reported the Buccaneers and Brady were able to come to an agreement on a contract restructure. Per Schefter, the restructures creates over $9 million in cap room for the Buccaneers. The Buccaneers had just a little over $3.9 million in cap room before they restructured Brady’s deal.
Tom Brady and the Buccaneers restructured his 2022 contract today, creating over $9 million of added salary cap space for Tampa Bay as it gets ready to head into next week’s draft, league sources tell ESPN. Brady still is scheduled to be a free agent after this season.— Adam Schefter (@AdamSchefter) April 22, 2022
Depending on how much room the move officially creates, the Buccaneers could have as much as $13 million in cap space, which would be good for 18th in the NFL.
The restructure opens up room for 2022, but the Buccaneers will still have to pay for Brady in 2023. He was set to count around $24 million in dead money before the restructure, but now, it looks to be at least $33 million.
That’s a huge lump to take on the chin for a guy that’s not even on your roster. And to complicate things further, Brady is a free agent in 2023. Meaning, the Buccaneers will have to eat every single penny of the aforementioned $33 million if he’s not on the roster in 2023.
But hey, that’s the price you pay when you’re in win-now mode. And the Buccaneers are totally fine with that. Especially with Brady back in the saddle for one more go-around.
Featured image via Kim Klement-USA TODAY Sports