Baker Mayfield signs three-year, $165 million extension with Buccaneers

Quarterback Baker Mayfield has reached a three-year extension with the Tampa Bay Buccaneers valued at $165 million, according to team statements. The deal gives Mayfield an average annual salary of $55 million, placing him alongside Joe Burrow, Josh Allen, Jordan Love, Trevor Lawrence and Matthew Stafford as the third-highest paid quarterbacks in the league.

The agreement follows a brief dispute at the start of training camp, when Mayfield declined an initial offer he felt did not reflect his market value and hinted at testing free agency after the season. Negotiations resumed after the Buccaneers returned with a revised proposal, leading to the finalized contract.

Mayfield has started 51 games for Tampa Bay, throwing 95 touchdown passes. The team indicated the new contract reflects its commitment to retain the quarterback and provides stability for him and his family in the region.

"We are pleased to have Baker back and believe this extension is a win-win for both the player and the organization," a Buccaneers spokesperson said.