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HomeNewsTom Brady and the Buccaneers have reportedly agreed to restructure the contract

Tom Brady and the Buccaneers have reportedly agreed to restructure the contract

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After ending his brief retirement, quarterback Tom Brady agreed to restructure his contract to help give Tampa Bay some salary cap flexibility.

Quarterback Tom Brady and the Tampa Bay Buccaneers have reached an agreement to restructure his contract to give the team more salary cap, according to a report from ESPN on Friday.

The restructured deal will free up $9 million in salary cap space. Prior to the deal, the Bucs had just under $4.4 million in cap space, which is sixth-lowest in the NFL. Now, the Bucs will have some flexibility to sign their own free agents, according to the ESPN report. The team also needs around $3 million to sign its 2022 draft class.

Last year, the Bucs saved $19 million when the former Patriots quarterback and the Bucs agreed to extend his contract for a year. Even with the latest restructuring, Brady is still expected to become an unrestricted free agent in 2023, according to the ESPN report.

Complete the story on BostonGlobe.com.

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