Bucs Face Dead Money as Contracts Void for Evans, Mayfield, and Winfield
ICARO Media Group
The Tampa Bay Buccaneers are set to feel the financial impact of voided contracts for key players as wide receiver Mike Evans, quarterback Baker Mayfield, and safety Antoine Winfield's deals come to an end. According to reports, the team will be burdened with approximately $14.5 million in dead money due to the voided contracts, with Evans' contract accounting for a significant portion of nearly $12.2 million tied up in void years.
Despite the possibility of the players not returning for the 2024 season, the dead money will continue to affect the team's salary cap. Talks regarding a new deal with Evans are said to be ongoing in preparation for free agency, with the option of using a franchise tag on one of the players being considered. However, the hefty $28.4 million cost of using the tag on Evans may make it an unlikely scenario.
As contracts void on Monday, the Bucs are facing financial implications that were strategically spread over multiple voidable years to mitigate cap hits in earlier seasons. The team will also contend with over $1 million in dead cap space as Winfield's contract reaches its end. Moving forward, negotiations and decisions regarding player contracts will play a crucial role in shaping the team's roster for the upcoming seasons.