Report: Bucs, Penn finally working out a long-term deal

The Buccaneers haven’t been spending much money of late.  And when it comes to left tackle Donald Penn, the team has been dragging out the process, using the restricted free agency tender for two straight years.

Well, the Bucs finally have decided to make a long-term commitment to their franchise left tackle.

Jason La Canfora of NFL Network reports that Penn and the Bucs have agreed to the parameters of a long-term deal.  Penn and his agent are headed to Tampa to finalize the process.

The news comes amid a report from NFLN’s Warren Sapp (via La Canfora) that defensive tackle Gerald McCoy, the third overall pick, is on his way to Tampa in the hopes of working out his rookie deal.

As to Penn’s deal, we’ll go out on a limb and guess that the contract includes guaranteed dollars in the form of base salary, with little or no money paid in the offseason via roster or option bonuses, when cash flow is much lower than it is during the season.  The Bucs have been notorious of late about avoiding big-money payments in the offseason, which has done nothing to quiet rumors that ownership is spread thinner than a small square of butter over an entire loaf of bread.

6 responses to “Report: Bucs, Penn finally working out a long-term deal

  1. You call it being cheap. I call it smart business. Hindsight being 20/20, I guess they were pretty smarting for not breaking the bank on Haynesworth last season.

  2. Oh boy, I can’t wait to see what “gem” of a deal the glazers are pulling out for him. Nevertheless, it’s about time! Go Bucs!

  3. They certainly need him this year. My guess is O tackle is high on next years draft list, along with LB and DB’s. He and Trueblood won’t be around in 2012

  4. That contract better include a weight clause, or we’ll have the Stay Puft Marshmallow Man at left tackle by week 12.

  5. Give me a break Flo-rio. The glazers own the richest soccer team in the world, Manchester united. Not to mention all the malls and real estate. They are on the cheap cause the team sucks and they don’t know what 2011 holds. Oh and they cashed out 750 million plus the other day to buy gold or some shit for their massive portfolio don’t try to keep up with the super rich. They are way ahead of a lawyer/sports fan!

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