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The Tampa Bay Buccaneers have signed All-Pro defensive tackle Gerald McCoy to a seven-year contract extension, according to Jay Glazer of Fox Sports. The team would later confirm the extension on Twitter.
McCoy was in the final year of his rookie deal this season, and the team had been working to re-sign him since the offseason. The Oklahoma product is the leader of the team from an emotional standpoint, and easily the most talented and productive member of the roster.
Here's @Geraldini93 inking his new 7 yr deal courtesy of @ScottSBucs & http://t.co/kHAv9PZN4x pic.twitter.com/2NV7BpBiYj
— TJ Rives (@BucSidelineGuy) October 25, 2014
Glazer reports the deal is a seven-year extension worth "close to" 100 million dollars, but guarantees and other details will determine just how long and valuable this contract is for the defensive lineman. If McCoy played out the entire deal, he'd receive just over 14 million per year, making him the highest paid defensive tackle in the NFL according to Spotrac's data.
McCoy is a two-time Pro Bowler and has been named to the All Pro team once, and has 20.5 career sacks over his first five seasons in Tampa.
We'll provide more contract details as they become available.
Update: Ian Rapoport of NFL Media reports that the deal includes $51.5 million in guarantees, which almost certainly means the first four years of the deal include guaranteed money. The Buccaneers usually pay players' guarantees over the first few years of contracts, rather than giving signing bonuses, so this deal should be no different.