On Friday morning, Tampa Bay Buccaneers fans finally heard the news they had been waiting for, Tom Brady to Tampa Bay was official.
— Tampa Bay Buccaneers (@Buccaneers) March 20, 2020
At the age of 43, the details of the contract are interesting. In fact, Adam Schefter of ESPN reported that Brady’s contract will pay him $50 million over two years, with another $9 million in incentives.
Updated: Tom Brady’s contract details with Tampa, sources tell ESPN: 2 years, $50 million deal, all guaranteed, that also includes another $9 million in incentives – $4.5 million in incentives per year. The contract also prohibits tags and trades.
— Adam Schefter (@AdamSchefter) March 20, 2020
Also, the contract includes a clause that prohibits Brady of being traded, or franchise tagged, giving him plenty of freedom moving forward. Still, $25 million per year is a bargain considering other quarterbacks, such as Ryan Tannehill, signed for around $30 million this offseason.
So where does that leave the Buccaneers in terms of salary cap space? With the recent signing of Joe Haeg, the team has roughly $23 million left to spend.
Just to reset Bucs and salary cap situation — if you add in Nunez-Roches and Haeg at $2.3m each, along with Barrett/JPP/Brady and Auclair, they should have around $23 million in cap space, assuming they started at $80 million.
— Greg Auman (@gregauman) March 20, 2020
Keep in mind that draft picks will cost around seven to nine million, bringing the total down to around $15 million.
Tom Brady’s contract is a team-friendly deal with a heavy amount of incentives. It is still unknown what the exact details are, but we will keep you updated once we learn more information.