Bucs, Alstott Agree To 4-Year Contract Extension

April 19 - UPDATED - Buccaneer Magazine has learned that Tampa Bay Pro Bowl fullback Mike Alstott will sign a four-year contract extension with the Buccaneers today. The deal, expected to be announced later by the team, will include a no-trade clause in his contract, which is a rarity in player contracts.

The Tampa Bay Buccaneers have reached an agreement with Pro Bowl fullback Mike Alstott on a four-year contract extension, sources told Buccaneer Magazine.

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.

Click here to sound off on this topic on BucMag.com's message boards.

Become an insider today with a subscription to Buccaneer Magazine or by becoming a Club Insider. You can also become a subscriber to Buccaneer Magazine by calling 1-800-881-BUCS(2827).

Looking for the largest selection of Bucs merchandise on the internet? Check out BucGear.com.

Scout NFL Network Top Stories