Tampa Bay Buccaneers re-sign Baker Mayfield to massive three-year contract

Baker Mayfield
Credit: Kim Klement Neitzel-USA TODAY Sports

The wait is finally over for Tampa Bay Buccaneers fans hoping to receive good news about Baker Mayfield ahead of NFL free agency.

According to NFL Network’s Ian Rapoport, the Buccaneers are near a three-year, $100 million contract extension with Mayfield that includes $40 million guaranteed. The contract has a maximum value of $115 million, which means the Bucs QB can earn more by reaching incentives.

In total, Mayfield can earn:

  • $30M in 2024
  • $30M in 2025, including $20M guaranteed
  • $40M in 2026
  • $5M per year in incentives

While nothing is official yet, Mayfield’s comments on the matter indicate there won’t be any last-minute surprises.

“I wanted a chance to come back,” Mayfied said. “I love coach Bowles and the staff. I’m happy to be here and I want to win more in the postseason.”

Baker Mayfield on re-signing with Tampa Bay Buccaneers

The Buccaneers took a chance on the former No. 1 overall pick last offseason when it became clear that Tom Brady was retiring for good. Yet, because he had battled inconsistency issues in his previous stops, Mayfield was only able to secure a one-year, prove-it deal with a guaranteed rate of $4 million. Now, both his and the Buccaneers’ gamble have paid off in a big way.

Mayfield, 29, is now under contract through the 2026 season, meaning the Bucs won’t have to worry about the QB position for at least a couple more years. Now they can turn their attention to filling out other areas of the roster and finding a way to reach a long-term extension with Antoine Winfield Jr.

Related: Ranking best NFL QB vacancies of 2024 offseason

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