The Tampa Bay Buccaneers are expected to franchise tag pending free agent safety Antoine Winfield Jr. This has been reported by several outlets citing several sources.
So What Would The Price Be To Franchise Tag Winfield Jr?
Following the NFL release of the 2024 salary cap, Winfield Jr could be in for an enormous payday. The league announced recently the 2024 cap number, and it’s a whopping $255.4 million. That’s an increase of $30 million from 2023, a record jump.
With the cap increase the franchise and transition tag amounts took a significant jump. And Winfield Jr stands poised to benefit immensely. The franchise tag for safeties this season will be $17.1 million, a jump of $5 million from last season for the position.
Our lead analyst Jeremy Morrow recently wrote about the Buccaneers and the decision that needs to be made about Antoine Winfield Jr.
It’s very rare for ANY team to boast that they have the best player in the league at any position. In fact there is typically a debate as to who is the best. But not in this case. Even after Pro Bowl snubs the Buccaneers have on their roster the best safety in the league. Now what should the Buccaneers do with impending free agent Antoine Winfield Jr?
Spotrac
Spotrac asses the value of Winfield Jr at $18.4 million dollars per year for five years. A hefty sum. One that makes you raise an eyebrow. That is unless your a Buccaneers fan. The assessment comes with consideration of a few players to recently sign contracts. The likes of Derwin James comes to mind with a $19 million dollar a year average. Or Minkah Fitzpatrick with an $18.4 million dollar average. So the Buccaneers are going to have to pay up for Winfield’s services to be retained.
Worthy Comparison
Buccaneers fans recognize Derwin James name all to well. especially since much of the fan base pulls for Florida State. Bu the Buccaneers passed on the tremendous talent and got an even better player in Vita Vea. So how does Winfield stack up against Derwin?
With 66 games under Derwin’s belt he has been responsible for eight interceptions, 32 pass deflections, and 11.5 sacks. Add in 497 tackles, 24 for loss, and 22 quarterback hits, it’s easy to see how big of an impact he has had. In comparison, Winfield has played in only seven less games is only behind by one interception, five pass break ups, but has 3.5 more sacks. Additionally he has 384 tackles, 18 for loss, and 21 quarterback hits. So you can see how close these two are.
Next Move
The Buccaneers find themselves with cap space this year. Cap that is quickly going to get eaten up with four other big names to make decisions on. Offering Winfield Jr to be the highest paid safety is not out of the realm of possibilities here. So Spotrac’s assessment is spot on with where this contract will likely land. Now the Buccaneer do not have to worry about other free agent safeties signing anywhere because none have the accolades Winfield Jr has. So they they have some time on their hands.
Final Thought
The Buccaneers have to lock up Winfield Jr for the long haul. A four year contract somewhere between $18-19 million is very likely. If for whatever reason the Buccaneers feel as though the discussions are stalling the franchise tag is wise option. That can put him on the roster for a year while they work things out. Either way Winfield Jr would go no where if I was in charge.
If you go by Spotrac’s prediction the franchise tag price of $17.1 million is a bit of a savings against this projection.
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