The Tampa Bay Buccaneers and wide receiver Mike Evans have agreed to restructure his current deal to free up cap space for the team in 2025.
“#Buccaneers star wide receiver Mike Evans restructured his contract for cap purposes, converting part of his base salary into bonus, lowering it to $1.21 million, cap figure $25.358 million from $26.024, adding $7.745 million gtd above $35 million gtd from deal last year @KPRC2”
“Evans had a $21 million base salary, but only has void years on his deal after 2025. If I’m reading it right, it creates $14.7 million in 2025 cap space, but it creates dead money. If they re-sign him before his deal is up in March, they can avoid a big acceleration in 2026.”
The exact amount of cap space created by this move has not been verified as of yet. But as Auman said, it looks to be roughly $14.7 million. We will post the details of this restructure once the information is available.
Key Consideration: Unused cap space in 2025 rolls over to 2026 without penalty. This means you can allocate cap space now and use it later, essentially an interest-free loan, without needing a specific purpose or signing in mind.
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