Baker Mayfield Contract: Salary, Guaranteed Money

Baker Mayfield has spent a lot of his life as a controversial quarterback. 

First was his time at Oklahoma, regarding a certain flag-planting incident that upset one or two Ohio State fans. Then came his time as lead man in Cleveland, where he led the Browns back to the playoffs for the first time in forever. 

When the Browns regressed, Mayfield was traded to Carolina, where he was scorned as a wasted talent. 

Mayfield was waived, claimed by the Rams, and ultimately ended up signing a small contract with Tampa Bay to succeed Tom Brady. And as quarterback of the Bucs, he has thrived, providing a deft mix of crafty athleticism and veteran playmaking.

Tampa Bay Buccaneers odds remain very relevant in the NFC South and beyond. And maybe most impressively, Mayfield has done it all while playing on a relatively affordable contract. 

Well … it’s affordable for an NFL quarterback contract, at least. 

Baker Mayfield Contract

Baker Mayfield signed a three-year contract extension worth $100 million in March 2024. 

The deal, which came on the heels of a successful one-year contract worth $4 million, includes a number of annual performance incentives if Mayfield continues his strong play.

Baker Mayfield Signing Bonus

Baker Mayfield received a signing bonus of $28.875 million.

Baker Mayfield Salary

Baker Mayfield will draw $1.125 million in base salary for 2024. 

However, when factoring in his signing bonus, he will make a total of $30 million in total cash.

Baker Mayfield Guaranteed Money

Baker Mayfield’s contract extension included a total of $40 million in guaranteed money at signing. That includes his signing bonus, 2024 salary, and one-third of his $30 million salary from 2025.

An additional one-third of his salary becomes fully guaranteed on March 16, 2025.