The Buccaneers’ cap situation is an interesting one this season. But Tom Brady’s retirement opens up a door that could allow for some relief. Spotrac’s twitter account spelled it out cleanly for us. Here’s what they had to say;
“I’d expect the #Buccaneers & Brady to agree to a restructured contract at a minimum $1.165M salary for 2023. This will allow the Bucs to carry his contract at an $11.9M cap figure through June 1st, after which they can process his retirement.”
Some much needed news as the new season will require some flexibility moving forward. Spotrac followed it up with the future impact as well.
“The automatic void date on Brady’s deal will also need to be moved back from its current March 15th deadline. This maneuver allows the $35.104M of dead cap left on Brady’s contract to split up into $10.776M for 2023, & $24.32M for 2024.”
This should create some wiggle room and is far more cap friendly than all $35 million hitting in one year. Hopefully they get this deal done.
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