The Buccaneers have reportedly restructured Tom Brady’s contract in order to create over $9 million in cap space, ESPN’s Adam Schefter reported Friday.
The move will add some much-need flexibility to the team’s payroll entering the 2022 NFL Draft, which begins on April 28. According to ESPN’s Jenna Laine, the Bucs had just under $4.4 million in cap space, the sixth-lowest mark in the NFL.
This marks the second time in Brady’s three years with Tampa Bay that he has agreed to a contract restructure. The future Hall of Famer will play out his age-45 season in the fall after ending his brief retirement from the NFL on March 13.