The Tampa Bay Buccaneers have re-signed Quincy Black, and according to Stephen Holder, Black has been paid handsomely. The former third round pick out of New Mexico received a five year-29 million dollar contract. This is a huge deal for Black and frankly a lot higher than I expected him to be salaried at. The contract includes 11.5 million in guarantees and will keep Black in Tampa through when he’s 32 years of age. Black had stated publicly he wanted to stay in Tampa.
“We got a phone call from (general manager) Mark Dominik (on Tuesday) and he said Quincy was definitely one of the guys he wanted to re-sign,” Black’s agent, Harold Lewis said.
“Usually, players say (to agents), ‘Send me anywhere you want, where the money is,’ ” Lewis said. “Quincy didn’t do that.”
It’s good to have Black back, and according Holder he wants to get more chances as a pass-rusher, but I do wonder if the Bucs didn’t overpay. The team has a lot of money to spend to get up to the cap threshold but a big part of what Mark Dominik mentioned yesterday was the need to be smart with the team’s finances so they could continue to resign their players down the road, ‘it’s not what can we do now, it’s who can we keep later,’ was roughly the quote.
I don’t know how this deal is structured but it’s possible Black is going to take up more cap space now, and when the league drops down to the lower required threshold after 2012 his deal will pay him less in those years giving the Bucs more flexibility. Essentially, you may see several deals where the Bucs front-load contracts to fill cap-space and loosen up room down the road when they need to re-sign talented core guys (Freeman, Williams, McCoy, etc…). We shall see.
The contract won’t be official until Friday at 4 PM. But it has been agreed to in principle.