The Tampa Bay Buccaneers have reportedly restructured Tom Brady’s 2022 contract ahead of this month’s draft.
The adjustment will clear up more than $9 million in salary cap space, per ESPN NFL insider Adam Schefter. Brady is still slated to become an unrestricted free agent after this coming season.
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
After his third season with the Bucs, Brady will be free to sign with whomever he pleases in 2023. Earlier this week, Tampa Bay general manager Jason Licht said the organization has not had discussions with Brady about a potential contract extension deal.
“The only discussions I’ve had, we’ve had, with Tom has been, he came back and we’re excited about this year and we’re excited to get going,” Licht said on Tuesday.
Brady is well known for his willingness to take salary cuts in order to keep his team competitive, and appears he’s doing so again in 2022.
Stay tuned for details on Brady’s new contract as they come out.
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