Yesterday afternoon it was announced that the Tampa Bay Buccaneers and star wide receiver Mike Evans have agreed to a 5-year, 82.5 million dollar extension with $55 million in guaranteed money. This deal will keep Evans with the Bucs through 2023. The former 7th overall pick was set to make over $13 million this upcoming season, so in essence Evans will get about a 3 million dollar per year raise to stay with the Bucs.

Evans went to his Instagram following the announcement to thank ownership and his agents. He also committed to continuing to do great work on the field and in the community while striving to achieve his ultimate goal of winning a super bowl.

This new deal will make Evans the second highest paid wide receiver in the NFL, just behind Antonio Brown’s $17 million per year average. Keep in mind that Odell Beckham Jr. is about to reset the market with what’s expected to be a massive expansion to stay with the New York Giants. Though the recent video and controversy surrounding the young star could have an effect on just how much the team is willing to invest in him.

Over his four years with the team, Evans has racked up over 4,500 receiving yards and 32 touchdowns. That currently ranks him 3rd all-time in receiving yards and 2nd in receiving touchdowns in Buccaneers history. Evans also holds the franchise record for average receiving yards per game at 75.1.

The Bucs had Evans under contract through the 2018 season, so this new deal won’t likely effect the team’s current financial situation. Tampa will still be among the NFL leaders in available cap space, so it’s likely they’ll be somewhat active in free agency. What this extension could have an impact on is the 2019 offseason when the Bucs will have Jameis Winston, Kwon Alexander and Ali Marpet set to hit the free agent market. Even with GM Jason Licht preparing for this offseason and ensuring the Bucs had the cap space to sign all of these guys, there may have to be some tough choices made next year.

About The Author J.T. Olson

J.T. is a Michigan native who's always been better at watching football than playing it. J.T. is a Buccaneers writer at Cover32.com and also covers Fantasy Football for CleatGeeks.com. He is a long time NFL Draft enthusiast who will cover the Buccaneers for Breaking Football.