Details are not fully available, but this move is expected to create around $9MM in cap space for the Bucs. Like last year, Tampa Bay has brought back a few key free agents. This restructure could allow the NFC South champs to retain more talent. Rob Gronkowski, Ndamukong Suh and Jason Pierre-Paul are still unsigned.
Brady’s 2021 extension already tacked on three void years to his deal, which technically runs through 2025. The Bucs may well have added more void years, but Brady did not add any actual years via this restructure. He remains on track for free agency in 2023, though it is obviously uncertain if the future first-ballot Hall of Famer will opt to play an age-46 season.
The Bucs already have Brady tied to a $24MM cap hit in 2023, via the previous void-year arrangement. Whether Brady plays for the Bucs next year or not, he will carry a “significant” cap hit because of this latest adjustment, The Athletic’s Greg Auman tweets. Brady is on the Bucs’ books at $20.2MM this year.
Brady unretired just before free agency, with the move preceding Bruce Arians‘ mid-offseason exit. The Bucs have been connected to re-signing Suh and Gronkowski, though the latter has not committed to return just yet.