Contract negotiations between Baker Mayfield and the Tampa Bay Buccaneers have concluded for the offseason without a new agreement, according to reports. Mayfield is slated to play out the upcoming season on the final year of his existing contract, with both parties intending to revisit extension discussions after the season concludes.
This development leaves Mayfield, 31, potentially entering the free agent market in March. He had previously indicated in June that he and his agent would cease talks before training camp commenced, regardless of a deal being reached, to allow for focused preparation on football.
Mayfield is entering the last season of a three-year contract signed in March 2024, which carries a $100 million value. He is set to earn $40 million during the upcoming season.
The quarterback has expressed gratitude to the Buccaneers for providing an opportunity to re-establish himself as a starting player following brief tenures with the Carolina Panthers and Los Angeles Rams. He has also stated his belief that he played a role in helping the team identify its franchise quarterback after Tom Brady's retirement.
During his first two seasons in Tampa Bay in 2023 and 2024, Mayfield guided the Buccaneers to two playoff appearances. According to ESPN, Mayfield is seeking an extension that aligns with his performance and is comparable to compensation for similarly ranked quarterbacks. He has also indicated a willingness to play under the franchise tag in 2027, a deal that would be for one year and approximately $47.97 million.
The Buccaneers face a situation with several key players also nearing the end of their contracts without new deals ahead of the 2026 season. Notably, tackle Vita Vea has reportedly requested a trade from Tampa Bay following stalled contract negotiations, after participating in a mandatory minicamp in June under a hold-in.