Tampa Bay Buccaneers working to restructure WR Mike Evans' contract to clear cap space, sources say

Max Kellerman said that Tom Brady is now under less pressure after his win with the Buccaneers in the Super Bowl, but the expectations of the team are higher than ever. (1:46).
Max: Brady's second Tampa year is expected to be a'sky-high' one (1)

Sources told ESPN that the Tampa Bay Buccaneers are negotiating a contract restructuring for Mike Evans, their star receiver. This will increase cap space to allow for another championship run.

It will be an easy conversion to lower Evans' $16.637 million cap hit. Tampa needs your help. According to the latest NFLPA salary cap report, Tampa has $270,339 of cap space.

Evans, 28 years old, has three years remaining on a $52.5 million, five-year extension. The base salary is $12.25million, which Evans can convert into a signing bonus for the Bucs to offset the cap.

Evans, a former top-10 NFL receiver with seven consecutive 1,000-yard seasons of play and 61 total touchdowns, has now restructured his contract to improve the team's financial outlook.

Tampa is blessed with six veterans players who have cap hits at least $10,000,000, which means that the team can spend more. The team has 2022 free agents, including center Ryan Jensen and cornerback Carlton Davis. Defensive end William Gholston is also included. They may be eligible for an extension of their contract.