Baker Mayfield is entering the final year of his contract, and Buccaneers general manager Jason Licht has already projected confidence in reaching an agreement on an extension.
Now, co-owner Joel Glazer has indicated (via Pewter Report’s Matt Matera) that the team is willing to write a big check to keep Mayfield in Tampa Bay.
“Obviously the quarterback is the highest paid position on the team, rightfully so,” Glazer said. “That means that it’s going good, so if the quarterback’s making top money, then your team is probably doing well and the quarterbacks performing well.”That doesn’t hurt at all to write that check, it’s something that all the teams do when you have good quarterbacks.”
He signed a three-year, $100MM extension during the 2024 offseason and immediately played like an elite quarterback with top-five marks in passing yards, touchdowns, completion percentage, and passer rating (though he also led the league with 16 interceptions). He regressed significantly in 2025, with solid volume numbers but below-average efficiency metrics.
But similar to Lamar Jackson and the Ravens last year, Mayfield’s statistical downturn was not isolated. Tampa Bay’s offense was ravaged by injuries with tackles Tristan Wirfs and Luke Goedeke, receivers Chris Godwin and Mike Evans, and running back Bucky Irving all missing significant time. Mayfield played through multiple injuries himself. Tampa Bay also lost offensive Liam Coen in the previous offseason, and his replacement, Josh Grizzard, was not able to fill his shoes.
The 2018 No. 1 pick has demonstrated an ability to bounce back already in his career, so the Buccaneers should still have plenty of reason to extend him. As always, an exact price tag will be the sticking point. Mayfield’s $33.3MM AAV in 2024 represented 13.1% of the cap. Now, that number would be just under $40MM, which is what Matthew Stafford signed for last offseason. Mayfield could shoot for the $44-46MM range, where Daniel Jones now sits in an unusual trio alongside Patrick Mahomes and Deshaun Watson. Pushing above that and closer to $50MM feels unlikely for a 31-year-old coming off a down year, but Mayfield has an argument to be paid like a top-10 quarterback.
The Buccaneers are certainly satisfied with what they have gotten so far.
“He’s gone above and beyond anything we could’ve asked or hoped for Baker,” Glazer added. “Everybody loves him, performs, gives 250 percent when he’s on that field and that’s all you can ask for.
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