Report: Buccaneers restructure Tom Brady's contract to open cap space
Tom Brady and the Tampa Bay Buccaneers are reportedly coming to a deal on a restructured contract. The move will open up more cap space for the organization ahead of the 2022 NFL Draft.
Per ESPN’s Adam Schefter, the Bucs have restructured Brady’s contract in a way that will open $9 million in cap space. It will also make the future Hall of Fame quarterback a free agent following the season.
This year will mark Brady’s third in Tampa. He had originally retired following the 2021 season but decided to return.
Tom Brady and the Buccaneers restructured his 2022 contract today, creating over $9 million of added salary cap space for Tampa Bay as it gets ready to head into next week’s draft, league sources tell ESPN. Brady still is scheduled to be a free agent after this season.
— Adam Schefter (@AdamSchefter) April 22, 2022
Brady led Tampa Bay to a Super Bowl following the 2020 regular season, his first year with the organization. Last year, the Bucs ended the regular season with a 13-4 record and reached the playoffs.
Tampa Bay was defeated by the Los Angeles Rams in the divisional round of the NFC playoffs.
Brady threw for 5,316 yards and 43 touchdowns with 12 interceptions for the Buccaneers. He completed 67.5% of his passes.