The Tampa Bay Buccaneers have checked off another huge item from their offseason to-do list, re-signing quarterback Baker Mayfield to a new three-year contract extension Sunday.
It’s a huge raise for Mayfield after he enjoyed a career-best 2023 campaign while playing on a cheap one-year deal, and it locks him in as the Bucs starter for the foreseeable future.
As usual, the devil is in the details with all of these contracts, so let’s take a look at the actual numbers coming in.
Here’s the full breakdown of guaranteed money, incentives, and everything else in Mayfield’s new three-year deal to stay in Tampa Bay:
Further breakdown on Baker Mayfield's deal with the #Bucs: He gets $30 million fully guaranteed in Year 1. Another $10M in 2025 is fully guaranteed at signing, plus $10M for injury that becomes fully vested next year.
Just a slight raise from the $6.85M Baker made in 2023.
— Tom Pelissero (@TomPelissero) March 10, 2024
Baker Mayfield’s deal with the Buccaneers:
2024: $30 million
2025: $30 million, including $20 million guaranteed
2026: $40 million$5 million per year in incentives
$100 million total, with incentives a max value of $115 million. https://t.co/EiPSqo9huE
— Adam Schefter (@AdamSchefter) March 10, 2024
Those numbers are pretty economical for a quality starting quarterback in today’s NFL, and they’re also a massive raise for Mayfield, making this deal a win/win for both sides.
[lawrence-related id=85784]