Bucs QB Tom Brady – Photograph by: Cliff Welch/PR
The Bucs cleared some a lot wanted wage cap room by restructuring the ultimate yr of Tom Brady’s contract. The Boston Globe’s Ben Volin posted the contract particulars on Twitter on Tuesday.
Brady’s new contract with the Bucs is a one-year deal price a max of $19.5m. Comes with 4 voidable years, and a clause for no franchise/transition tag.
Base wage: $1.12m
Roster bonus: $13.88m
Incentives: $4.5m
Cap quantity: $13.771mBucs get a steal, Brady will get his freedom
— Ben Volin (@BenVolin) April 26, 2022
Brady was set to earn a $19.5 million base wage in 2022, which was the ultimate yr of the one-year contract extension he signed after successful Tremendous Bowl LV in 2020. He’s now set to make $1.12 million in base wage and obtain a $13.88 million roster bonus. Tampa Bay added 4 voidable years to unfold out the $13.88 million roster bonus hit.
Brady additionally has $4.5 million in incentives and his new cap quantity in 2022 is $13.771 million. As a part of the restructure, Brady and the Bucs agreed to Tampa Bay not being able to make use of the franchise or transition tag on him in 2023. In case Brady needs to play a twenty fourth NFL season at age 45/46, he’ll have the liberty to take action elsewhere if he needs.
Brady will account for $35.104 million in useless wage cap room subsequent yr, which is a huge quantity. However the Bucs can cut back it to $10.776 million in 2023 by posting it after June 1. That might assist Tampa Bay have extra cap area subsequent yr. The crew would then have an unavoidable – however extra manageable – $24.328 million cap hit for the 2024 season.
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