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Spears: Brady's return makes Bucs the favorite in NFC South (1:20)

Marcus Spears spoke about how the return of Tom Brady makes the Buccaneers favorites in the South. (1:20)

3:41 PM ET

According to a source, the Buccaneers restructured the contract of quarterback Tom Brady.

The move frees up $9 million in salary-cap space at a time when the Bucs could use it. The cap room for the Bucs was just under $4.4 million, the sixth-lowest in the league.

Rob Gronkowski is a free agent and has not committed to playing next season. The feeling is that the Bucs would like to go younger at the position as he is 35 years old.

$3 million will be needed to sign the draft picks.

Brady and the team agreed to extend his contract by one year, which saved the team $19 million. Brady is set to become an unrestricted free agent in 2023.