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How much cap space do the Tampa Bay Buccaneers have in 2021?

We break down the projected available cap space in 2021 for the Bucs and notable contract situations.

Tampa Bay Buccaneers quarterback Tom Brady (12) celebrates with wide receiver Chris Godwin (14) after a touchdown in the fourth quarter against the Las Vegas Raiders at Allegiant Stadium. The Buccaneers defeated the Raiders 45-20. Kirby Lee-USA TODAY Sports

Salary cap space

As of March 17, 2021, the Bucs are projected to be $5,547,600 over the 2021 cap.

The Bucs rolled over $4.6 million in 2020 cap space.

March 10 update: The salary cap has been set at $182.5 million. This solidifies Godwin’s annual salary if he does play on the franchise tag at $15.99 million.

March 9 update: Per report by Adam Schefter, the Bucs plan to place the franchise tag on WR Chris Godwin. Based on current cap projections, Over The Cap estimates that Godwin would earn $16,430,000 on the franchise tag as a wide receiver.

Bringing in future Hall-of-Famer Tom Brady elevated the Tampa Bay Buccaneers to a level they hadn’t reached in over a decade. Brady led the Bucs to an 11-5 regular-season finish and a Super Bowl championship. The last time Tampa recorded 11 wins in a season was in 2005 and the last time they made it to the title game was 2002.

At first glance, it seems like the Buccaneers will have room to work with when it comes to the salary cap this offseason. Although, with a mass amount of players slated for free agency, things will start to get a bit tricky in the decision-making process.

The NFL powered through its 2020 season amidst the COVID-19 pandemic. The league played without fans in most stadiums, and limited fans in a handful of locations. The decrease in gate revenue is going to result in a decrease in money shared between the 32 teams. This in turn means the salary cap is expected to decrease. The NFL and NFLPA agreed to a salary cap of no lower than $175 million. The latest report has the number landing between $180 and $181 million, which is a good bit lower than the $198.2 million of this past season. This will result in some tough choices for many teams.

All salary cap information below comes courtesy of the NFLPA Public Salary Cap Report.

Notable contracts

At the beginning of the season, there was speculation that this could be Tom Brady’s farewell tour. Playing for a sunny weather team surrounded by elite offensive weapons and an outstanding defense as he rides off into the red-orange horizon with his Super Bowl rings. Now, it looks like he’s still competing at an extremely high level and doesn’t seem to have any intention of hanging up the jersey. Keeping him won’t be an issue, but signing the supporting cast that made this season so successful is another story.

Among the 31 players headed for free agency, here are some of the notable names: wide receivers Chris Godwin and Antonio Brown, linebackers Shaquil Barrett and Lavonte David, defensive tackles Ndamukong Suh and Steve McLendon. The Buccaneers will undoubtedly have some difficult decisions to make. But with the Saints set to shake their roster up a bunch, this is the time to take over as the new sheriff in the NFC South.