Tampa Bay Buccaneers quarterback Josh McCoutts agent confirmed to ESPN that the quarterback has agreed to a three-year extension worth $38 million.
The extension includes $20 million in guaranteed money and $15 million in performance-based incentives.
It also includes $4 million in incentives for each year the contract is in place.
Bucs president Mark Dominik has said he expects McCown will be back for the 2016 season.
McCown played in 13 games last season for the Bucs.
Bucs coach Lovie Smith said in March that McCown is one of the players he has the most respect for, but he also said he wants to see the team play well.
McCoutys agent, Todd Rosenberg, told ESPN on Tuesday that the deal is not yet final, but that McCoutks contract will be announced in the next 48 hours.
“It’s just a matter of timing,” Rosenberg said.
“We’re still at the stage of negotiations, and we’ll be in touch with Josh.”
McCowns contract includes $8.5 million in guarantees, $10 million in workout bonuses, $8 million in signing bonuses, and $2 million in deferred compensation.
The Buccaneers signed McCoutos first-round pick, Tyler Bray, to a five-year, $41 million contract in May.