Vincent Jackson will be with the Tampa Bay Buccaneers this year, Jason Licht told Rick Stroud. Jackson is set to make over $12 million this year, but apparently the Bucs aren't phased by that amount. They could, of course, ask him to take a pay cut, or push some of his cap hits into the future.
Jackson has topped 1,000 yards in each of his three seasons, after signing a $55,555,555 contract. Jackson's been slowly declining since then, but he's still a more-than-capable starting wideout and valuable as a mentor to Mike Evans, as well as whichever quarterback the Bucs decide to draft.
Goven the presence of Mike Evans and the already-resigned Louis Murphy, the Bucs don't really have any needs at wide receiver this off-season. Committing to Jackson will allow them to concentrate on filling the many, many other holes on the roster instead of having to find a complementary starting wideout.
That doesn't mean the Bucs will definitely stay away from wideouts in the draft or free agency -- they could certainly add a slot receiver somewhere. But it certainly means they won't go after any of the big names.