Pro Football Rumors
In 2024, the Buccaneers won their fourth straight NFC South title – a feat dimmed by the division’s struggles in recent years – but lost in the wild-card round. The team again opted for continuity this offseason, extending general manager Jason Licht and head coach Todd Bowles. The Bucs also rewarded quarterback Baker Mayfield with more guaranteed money after back-to-back Pro Bowl seasons.
Licht retained key talent – including star wide receiver Chris Godwin on a hometown discount – and stocked up on premium positions in the draft. With succession plans in place for the starters who departed in free agency, the team’s biggest loss this offseason was not a player, but a coach: offensive coordinator Liam Coen. He left Tampa to take the head coaching job in Jacksonville after a back-and-forth saga that may have frustrated the team’s decision-makers. Can replacement Josh Grizzard — the Bucs’ fourth play-caller in four years — keep the the offense in high gear as a pursuit of a fifth straight division title begins?
The Buccaneers made multiple moves with Mayfield’s contract this offseason, starting with a traditional restructure in April. The team converted $18MM of Mayfield’s $30MM salary to a signing bonus that reduced his cap hit by $14.4MM and added $3.6MM to the four remaining years of the deal.
A few months later, Licht expressed a desire to keep Mayfield past the end of his contract in 2026, but no extension materialized. Instead, Tampa Bay converted $30MM of his 2026 salary into two roster bonuses.
The first, worth a fully guaranteed $13MM, is due in 2026 but will prorate across the team’s salary cap starting in 2025. That decreased Mayfield’s cap hit by $10.4MM in 2026 with $2.6MM added to 2025 and each of the three void years after 2026 (via OverTheCap). The second roster bonus is worth $17MM and guarantees in early 2026, per Pewter Report’s Joshua Quiepo.
As a result of these moves, Mayfield’s 2025 cap hit decreased by $11.8MM (to $26.48MM) and his 2026 cap hit decreased by $6.8MM (to $38.98MM). The Bucs also pushed $18.6MM into void years that increased the dead money scheduled to hit the team’s 2027 salary cap to $30.15MM. For a Bucs team that needed to swim in the shallow end of the QB pool in 2023 — thanks to the Tom Brady $35MM retirement bill brought on by void years — a clear incentive exists to extend Mayfield before that point.
Tampa Bay isn’t necessarily tied to Mayfield in 2026 by these contract restructures, but the tweaks indicate the team is planning for him to start for at least two more years. The release of 2021 second-round pick Kyle Trask and the Bucs’ subsequent signing of once-retired Teddy Bridgewater as their new backup were additional signals that Mayfield would keep his job through 2026.
Mayfield, meanwhile, received $30MM in new guarantees along with...
