The Tampa Bay Buccaneers and wide receiver Russell Gage have reworked his contract to free up roughly $3 million in case space. As reported by NFL Network’s Ian Rapoport.
The #Bucs and WR Russell Gage reworked his contract to create space for the team, taking his 2023 base base from $10M to $7M — now fully guaranteed — with a chance to hit reasonable incentives and earn it back, sources said.
— Ian Rapoport (@RapSheet) March 12, 2023
Via Evan Winter from AtoZ Sports from OverTheCap.com,
“Per Over The Cap, Gage now counts $9,166,666 against the cap instead of the initial $12,166,666 million. The Buccaneers are still a little more than $2.6 million over the salary cap, but that number doesn’t include the savings from the releases of Leonard Fournette and Cameron Brate. The Buccaneers stand to gain around $5.5 million in cap space, which puts them above the red line.”
“Bucs are now under the salary cap. Russell Gage’s new deal has him go from $10 million base to veteran minimum $1.08 million and $5.92 million signing bonus (for guaranteed $7 million). Also void years added lower his 2023 salary cap hit more.”