The Tampa Bay Buccaneers offseason so far has been bad news after bad news. In the beginning of February quarterback Tom Brady retired after two years with the team. Then this past Sunday Pro Bowl guard Ali Marpet announced his retirement. Factor in the nearly two dozen pending free agents, good news has been hard to come by for the Buccaneers faithful.
Monday morning Greg Auman of The Athletic did his best to bring some good news about the Buccaneers. The Bucs will have to take an $8 million dead cap space hit for the 2022 season. In 2023 the Buccaneers will have to take a $9 million cap hit. As Auman pointed out, it could’ve been a total of $32 million in dead cap hits over the next two years. But is now just $17 million.
Brady was scheduled to get a deferred $15 million bonus paid in February, and his contract allowed for Bucs to ask for $16 million to be repaid if he retired. Looks like neither of those will go through, essentially a wash. Huge help for Bucs from a cap standpoint down the road.
— Greg Auman (@gregauman) February 28, 2022
This obviously won’t help much this offseason but does give more flexibility in 2023. But it does free up roughly $15 million in cap space for the Buccaneers in 2023.
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