Technically speaking, the new add-on is actually a four-year contract extension, as ESPN.com’s Adam Schefter tweets. However, those final years are voidable, making this a one-year extension that ties him to Tampa for just one additional year.
Exact terms of the contract are not yet known. But, the revised deal will provide the Bucs with approximately $19MM in cap room this year (Twitter link via Schefter). As of last week, the Bucs were said to have only $11MM available. Meanwhile, Brady’s presence should help the Super Bowl champs keep the band together. In the coming days, the Buccaneers will work to keep top free agents such as tight end Rob Gronkowski, edge rusher Shaquil Barrett, and wide receiver Antonio Brown.
The future Hall of Famer was initially on the books for $28.4MM in 2021. Coming off a rather successful age-43 season, Brady says he’s open to playing past age 45. Brady will turn 44 in August, so the two sides could be talking extension again in March of 2022.
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