Baker, Baker, mega moneymaker. Or perhaps more accurately, a moderate moneymaker by NFL quarterbacking standards. Somehow, the Tampa Bay Buccaneers managed to lock down the former No. 1 overall pick to a sizable-but-fair deal in advance of free agency on Sunday. Baker’s three-year contract features $50 million guaranteed, $100 million total, and incentives that can get him up to $115 million.
Source: #Bucs and Baker Mayfield are closing in on a three-year deal for $100M in total and $50M guaranteed, max $115M pic.twitter.com/RleQOvySzI
— Jeremy Fowler (@JFowlerESPN) 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
This story isn’t over yet. pic.twitter.com/NVf85Z0OiV
— Tampa Bay Buccaneers (@Buccaneers) March 10, 2024
Even if Baker hits all those incentives, his AAV (average annual value) is only $38.3 million. That’s less than what Daniel Jones got with the Giants, when he signed last offseason for $160 million over four years.
Although this current generation of Buccaneers needed Tom Brady to get them over the hump for a Super Bowl victory, GM Jason Licht had the foresight and wherewithal to sign Baker as TB12’s immediate replacement on a bargain-bin one-year deal. All Baker did was lead a projected last-place Tampa team to the NFC South division title, a playoff win, and almost another one against the Detroit Lions in the Divisional Round, where he threw for 349 yards and three TDs.
A couple different breaks in that Lions game, and a couple interceptions Baker could easily clean up, and maybe we’re talking about the Bucs as an NFC finalist. In any event, the organization recognized, again, that Baker has the goods, and made sure to secure his go-to guy and career-long Buc Mike Evans to a new contract of his own not long ago.
Bucs now have deals in place to keep their top three free agents — receiver Mike Evans, quarterback Baker Mayfield and safety Antoine Winfield (franchise tag). Big win for Jason Licht and Todd Bowles.
— Greg Auman (@gregauman) March 10, 2024
Tampa Bay has done an outstanding job in recent years of keeping its core together with myriad salary cap maneuvers. It’ll take some contract restructuring for several key players, but Baker’s cap hit is plenty manageable for the Bucs not only this year, but in the subsequent two seasons. Other than All-Pro safety Antoine Winfield Jr., Tampa doesn’t have many must-keep free agents to re-sign for the duration of Baker’s contract. That’s a damn fine spot to be in.
The franchise tag for QBs was set at $38.3M this year.
The Bucs got Baker back at around $33.3M AAV (or $38.3M AAV if he hits his incentives).
This is a MASTERCLASS deal by Jason Licht and a testament to the mutual respect both sides have for each other.
— Josh Hill (@jdavhill) March 10, 2024
On top of having better weather than most regions of the U.S. year-round and a winning culture aided in large part by Brady’s brief stint, here’s another Tampa Bay selling point for Baker and others: Florida has the built-in advantage of no state income tax. Baker’s deal looks like a steal compared to other QBs who play at a similar (or worse) level. That’s part of the reason the Bucs can afford to pay him a little less without it seeming like an insult. Because let’s face it, Baker played like a top-10-caliber quarterback in 2023.
Baker Mayfield's contract will rank 17th in APY and both injury and full guarantees #Bucs
— Jason_OTC (@Jason_OTC) March 10, 2024
The departure of offensive coordinator Dave Canales (now the Panthers’ head coach) creates a touch of uncertainty, yet new play-caller Liam Coen has ties to Baker from his brief stint with the Rams in 2022. Coen is off the Sean McVay coaching tree. That system tends to do pretty well nowadays. Plus, the Bucs have so many pass-catching weapons between Evans, Chris Godwin, Rachaad White, Cade Otton and Trey Palmer.
Parity tends to strike all over the NFL on a yearly basis unless you’re the Kansas City Chiefs. Since the NFC South is widely viewed as one of the weaker divisions, there’s always a chance the Bucs could crash back to Earth. I wouldn’t count on it, though. Tampa is easily the most stable situation Baker has entered as a full-time starter. The roster is solid and in much better cap health than it was during the abbreviated Brady era. Not to compare Baker to Brady, but he’s taking a pay cut much like Tom Terrific did in New England for all those years to help the Patriots build their team.
I like Bucs’ chances to repeat as NFC South champs with Baker’s contract secured. The division features the even more salary cap-scrambling Saints, the basement-dwelling, almost-hopeless Panthers, and a Falcons team that doesn’t have a viable QB on the roster as of this moment.
Lots of people chimed in on the big news, as Baker was being almost unanimously celebrated for how he resurrected his career in a season where his football livelihood — or at least his days as a starter — was very much stake.
Baker Mayfield’s agent Tom Mills sent this to me: “On Dec 5, 2022, he was waived by the Panthers. It’s hard to describe his journey from that day to this result. He never complained and always believed in himself. This contract is a result of that attitude as well as his ability” pic.twitter.com/EzlX1fYmno
— JennaLaineESPN (@JennaLaineESPN) March 10, 2024
I’m so damn happy for Baker. It’s not very often that we get to see a highly drafted QB have early success, then stumble and far as fall as he did, only to then get back on the horse and find a second…or in this case fourth act. https://t.co/sxIvIyINoq
— Brett Kollmann (@BrettKollmann) March 10, 2024
Baker Mayfield gambled on himself and won. That chip on his shoulder paid off. And to think there was a supposed QB competition in August.
— Pete Prisco (@PriscoCBS) March 10, 2024
Baker and Mike Evans after getting paid by the Bucs pic.twitter.com/TIGcLUeMr4
— BetMGM 🦁 (@BetMGM) March 10, 2024
Baker for 3 years / $100M. Bucs executed a post-Brady strategy more successfully in a few months than the Patriots did in 4 years.
— Wildes (@kevinwildes) March 10, 2024
Baker Mayfield after signing for $100 MILLION 🤑pic.twitter.com/9wu9Muwnrl
— Action Network (@ActionNetworkHQ) March 10, 2024
Baker could have easily played himself out of the NFL, instead he played himself into 100M.
Well done
— Will Blackmon 🍷 (@WillBlackmon) March 10, 2024
Today is one of those days where you remember where you were when this happened as a Baker Bro https://t.co/XlTCpKNnb6
— Sir Yacht (@SirYacht_) March 10, 2024
Baker paying for drinks tonight! pic.twitter.com/GVwFmBSPFz
— 𝗦𝗮𝗺𝗲𝗿 𝗔𝗹𝗶™ 🏴☠️ (@TheSamerAli) March 10, 2024
Dude was playing dline on Carolina’s scout team just a year ago
Hell of a comeback, good for Baker https://t.co/2sewtvnmc6
— Football (@BostonConnr) March 10, 2024





