Alstott's 2002 cap value will be reduced from $4.6 million ($2 million in base pay, a $2 million signing bonus and a pro-rated signing bonus of $667,000) to $1.225 million. Base salaries for the upcoming years will be $600,000 (2002), $1.4 million (2003), $1.5 million (2004) and $2 million (2005).
The deal includes a $2.5 million signing bonus and Alstott will be under contract through the 2005 season. Alstott was slated to count $4.6 million against the Bucs' salary cap this season and $8.866 million in 2003.
The deal also includes a no-trade clause, believed to be the first one initiated in Buccaneers history. The deal also includes a $500,000 bonus for accumulating 1,400 yards during the 2002 season.
Buccaneer Magazine will have more on this story throughout the afternoon.
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