Report: Bucs, Mayfield nearing 3-year, $100M deal

The Tampa Bay Buccaneers are finalizing a three-year, $100-million contract to retain quarterback Baker Mayfield, sources told NFL Network's Ian Rapoport.

The agreement includes $50 million in guaranteed money and will carry a maximum value of $115 million with incentives, per NFL Network's Tom Pelissero.

Mayfield signed a one-year, $4-million contract with Tampa Bay as a free agent and had the unenviable task of stepping in under center following the retirement of Tom Brady in 2023.

He went on to set career highs with 4,044 passing yards and 28 touchdowns in his first campaign with the Bucs as Tampa Bay captured the NFC South title and earned a win over the Philadelphia Eagles in the wild-card round.

"I wanted a chance to come back," Mayfield told ESPN's Adam Schefter. "I love coach (Todd) Bowles and the staff. I'm happy to be here and I want to win more in the postseason."

After spending his first four seasons with the Cleveland Browns, Mayfield was traded to the Carolina Panthers in 2022. He was released by Carolina later that season and claimed by the Los Angeles Rams.

The Bucs have now retained two key offensive starters after they re-signed receiver Mike Evans to a two-year, $52-million deal. All-Pro safety Antoine Winfield is also expected to remain with the organization after the team franchise tagged him earlier this month.

Mayfield was one of the notable Bucs starters poised to hit the free-agent market next week. Linebackers Lavonte David and Devin White are some of the other key players set to hit the market.