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Reports: Former Oklahoma QB Baker Mayfield 'Closing In' on $100m Deal With Tampa Bay

The former Sooners QB is in line for a big contract extension with the Bucs, and NFL Network insiders say the deal is all but done.
John E. Hoover|
Reports: Former Oklahoma QB Baker Mayfield 'Closing In' on $100m Deal With Tampa Bay
Reports: Former Oklahoma QB Baker Mayfield 'Closing In' on $100m Deal With Tampa Bay

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Oklahoma Sooners

Baker Mayfield appears one big step closer to signing a massive contract extension with the Tampa Bay Buccaneers.

According to NFL Network insider Ian Rapaport, the Bucs are “closing in” on an extension with the former Oklahoma quarterback.

Rapaport reported on Twitter that Mayfield will get a three-year deal worth $100 million overall, including $50 million guaranteed.

Another NFL Network insider, Tom Pelissero, reported on Twitter that Mayfield will get $30 million guaranteed in Year 1, with another $10 million in 2025 guaranteed at signing, plus another $10 million “for injury” that becomes fully vested next year.

Mayfield played for three teams in 2022, then signed a one-year deal with the Bucs for $6.85 million in 2023.

He’ll make more than $33 million annualized with his new deal.

On Feb. 28, Spotrac projected Mayfield would get a four-year, $120 million contract with $53 million guaranteed, but his new deal exceeds that on an annual basis.

Mayfield, 29, was the No. 1 overall pick of the Cleveland Browns in 2018 after winning the Heisman Trophy in 2017 and leading the Sooners to two appearances in the College Football Playoff and three straight Big 12 Conference championships.

He originally signed a four-year, $32.7 million contract with the Browns, which included a $21.8 million signing bonus.

The Browns traded him to Carolina in 2022, and the Panthers released him. He had a short but dramatic stint with the Los Angeles Rams before the Bucs signed him prior to the 2023 season.

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John E. Hoover
JOHN E. HOOVER

John is an award-winning journalist whose work spans five decades in Oklahoma, with multiple state, regional and national awards as a sportswriter at various newspapers. During his newspaper career, John covered the Dallas Cowboys, the Kansas City Chiefs, the Oklahoma Sooners, the Oklahoma State Cowboys, the Arkansas Razorbacks and much more. In 2016, John changed careers, migrating into radio and launching a YouTube channel, and has built a successful independent media company, DanCam Media. From there, John has written under the banners of Sporting News, Sports Illustrated, Fan Nation and a handful of local and national magazines while hosting daily sports talk radio shows in Oklahoma City, Tulsa and statewide. John has also spoken on Capitol Hill in Oklahoma City in a successful effort to put more certified athletic trainers in Oklahoma public high schools. Among the dozens of awards he has won, John most cherishes his national "Beat Writer of the Year" from the Associated Press Sports Editors, Oklahoma's "Best Sports Column" from the Society of Professional Journalists, and Two "Excellence in Sports Medicine Reporting" Awards from the National Athletic Trainers Association. John holds a bachelor's degree in Mass Communications from East Central University in Ada, OK. Born and raised in North Pole, Alaska, John played football and wrote for the school paper at Ada High School in Ada, OK. He enjoys books, movies and travel, and lives in Broken Arrow, OK, with his wife and two kids.

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