Buccaneers quarterback Baker Mayfield has signed his new contract. And the details of the new contract have made their way to PFT HQ.
Here’s the full breakdown, per a source with knowledge of the terms:
1. 2026 90-man offseason roster bonus: $10 million (earned on third day after signing).
2. 2026 base salary: $10 million, fully guaranteed.
3. 2027 90-man roster bonus: $48.65 million, fully guaranteed (earned on fifth day of 2027 league year).
4. 2027 base salary: $1.35 million, fully guaranteed.
5. 2028 base salary: $50 million, guaranteed for injury at signing. Of that amount, $20 million becomes fully guaranteed on the fifth day of the 2027 league year. The other $30 million becomes fully guaranteed on the fifth day of the 2028 league year.
6. 2029 90-man roster bonus: $2.5 million (earned on fifth day of 2029 league year).
7. 2029 base salary: $52.5 million.
Mayfield’s deal has $70 million fully guaranteed at signing, with another $20 million vesting in 2027 and the final $30 million vesting in 2028.
The old money/new money calculation is unusual. Mayfield was due to receive $30 million in 2026 that he had earned in 2025 and via a 2026 roster bonus, but his salary for 2026 was only $10 million. So, on one hand. it’s a $205 million payout over four years. On the other hand, it’s technically only $175 million in unearned money to be paid through 2029.
The difference in per-year average is significant — $51.25 million vs. $43.75 million, over four years. But the new-money average remains $55 million.
The best view seems to be this. Under his prior contract, Mayfield was due to make $27 million in 2026. With the new money, that’s $192 million over for years, for a true average of $48 million annually.