Baker Mayfield’s contract saga is over just in time, and the quarterback will be sticking around Tampa Bay for a few more years.

Mayfield and the Buccaneers agreed on a three-year contract extension the team announced Tuesday, worth a reported $165 million, with the team set to begin the regular season Sunday.

It is the largest contract in team history and will keep the former No. 1 pick signed through 2029.

Baker Mayfield of the Tampa Bay Buccaneers warms up, holding a football.Baker Mayfield of the Tampa Bay Buccaneers warms up prior to a preseason game against the Kansas City Chiefs on Saturday, August 22, 2026, at Raymond James Stadium in Tampa, Florida. Getty Images

Buccaneers owner Joel Glazer said in a statement that Mayfield established himself as the “unquestioned leader of our franchise” during his time there and said the contract reflects the organization’s belief in him.

“His competitive spirit, resilience and commitment to winning embody everything we want in our players,” Glazer said. “Baker and his wife, Emily, have made a meaningful impact in the Tampa Bay community and we are thrilled their family will continue to call Tampa Bay home for years to come.”

Mayfield’s future with Tampa Bay was a major discussion during training camp. The sides broke off talks as camp opened, but reaching a deal a day before the season opened. It marks the third contract executed between the two sides.

Tampa Bay Buccaneers quarterback Baker Mayfield during team warmups.Tampa Bay Buccaneers quarterback Baker Mayfield (6) is seen during team warmups ahead of a game against the Kansas City Chiefs on Saturday, August 22, 2026, in Tampa, Florida. ZUMAPRESS.com

Mayfield, 31, has spent the past three seasons with the Buccaneers, posting a 27-24 record with two playoff appearances and a postseason win. He posted back-to-back 4,000-yard seasons, which included 41 touchdowns in 2024. Mayfield threw for 3,693 yards, 26 TDs and 11 interceptions last season as Tampa finished 8-9.

“Baker is the ultimate competitor, and the guys in our locker room feed off the energy, confidence and toughness he brings every day,” coach Todd Bowles said. “He prepares the right way, holds himself accountable and is an unquestioned leader for our team. His belief in himself and this team never wavers, and he sets the tone for us every day.”