The Tampa Bay Buccaneers have announced the signing of third-round draft pick Mike Glennon. The quarterback has signed a four-year contract, which is mandated by the NFL CBA. Glennon was the last Tampa Bay draft pick to be signed, as everyone is under contract now. The Bucs do not need to waive anyone to clear this roster spot as unsigned draftees also counted against the 90-man roster limit.
Over The Cap estimates that Glennon's contract will be worth $2,872,500 with a $637,500 signing bonus. Their estimates have generally been accurate. Update: Jenna Laine reports that the contract is worth $3,104,063 with a $637,500 signing bonus, which may be due to the uniqueness of quarterback contracts in general.
The Buccaneers have paid lip-service to Mike Glennon competing with Josh Freeman in training camp while simultaneously affirming that Freeman is their starting quarterback. Glennon has shown little evidence of winning any such competition and is almost certain to enter the season as a backup. He will act as insurance in case of injury or complete collapse on Josh Freeman's part.