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Tampa Bay Buccaneers sign Gerald McCoy and Donald Penn

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TAMPA, FL - MAY 01:  Defensive tackle Gerald McCoy #93 of the Tampa Bay Buccaneers stretches during the Buccaneers Rookie Minicamp at One Buccaneer Place on May 1, 2010 in Tampa, Florida.  (Photo by J. Meric/Getty Images)
TAMPA, FL - MAY 01: Defensive tackle Gerald McCoy #93 of the Tampa Bay Buccaneers stretches during the Buccaneers Rookie Minicamp at One Buccaneer Place on May 1, 2010 in Tampa, Florida. (Photo by J. Meric/Getty Images)
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It's finally done.  After all the offseason talk, bickering, media shout outs, misprints, off the record conversation and weight battles, Donald Penn and the Tampa Bay Buccaneers have agreed and completed a contract agreement.  It was speculated that the deal would be five or six years for roughly $40 million, and those numbers were pretty spot on.  Penn's deal is a 6 year deal for $43 million bucks.  Not a bad chunk of change and I'm sure he can buy his own Krispy Kreme franchise after this deal (I kid).  

Update:  Per Adam Schefter Bucs OT Donald Penn's six-year deal is worth a maximum of $48 million, with a number of clauses in it.

The deal looks to be of fair market value and is a key move in keeping franchise golden boy Josh Freeman upright.  This should be a huge feather in the cap for both sides.  Penn and his agents got the deal they wanted, a long term commitment.  Dominik and the team locked up a great left tackle and should dispel some of the "cheap owner" notions that are out there.  This deal certainly didn't have to be done, but it seems everyone is acting in good faith here. 

And oh by the way, first round pick Gerald McCoy has signed and will be in camp.  As was previously mentioned on Bucs Nation, McCoy was waiting on his former teammate Sam Bradford to sign and set the market before he inked his name on a contract.  The deal is for five years, which leaves a bit of a bitter taste in my mouth.  I was hoping for 6 years, which would add an extra year in what should be his prime.  Nonetheless, it's good to have him in camp.  No details on the dollar figures here, but I'd expect high numbers with lots of guarantees.  Interestingly enough, McCoy signed before Suh.  Take that how you will.

Update:  Per Jason LaCanfora Gerald McCoy's deal with the Bucs is for 5 years, worth a max of $63M, with $35M guaranteed. Another huge haul.

As Craig mentioned, this is a big day for the Bucs.  Not only is camp officially underway but two potential franchise guys have been secured with long term deals.  Paging Mr. Ruud's agent, you should probably strike while the iron is hot.