Per Mike Florio of ProFootballTalk.com, the Bucs have signed Jackson to a five-year deal worth in excess of $55 million, with $26 million of that guaranteed and paid out over the first two years of the contract.
The 29-year-old wide receiver will receive $13 million in 2012 and $13 million in 2013. After that, there are no guarantees. It is basically a two-year deal worth $26 million.
The Buccaneers were obviously intent on making a big splash the first day of free agency and have now given quarterback Josh Freeman a true No. 1 receiver. The Bucs may now move Mike Williams to the No. 2 spot, leaving Arrelious Benn out of the lineup.
Hopefully the new contract for Jackson will have a strong personal conduct clause. Jackson was charged and pleaded guilty to a DUI charge in 2006, then again in 2010.
The Bucs apparently will not be content to rest after this signing as they've scheduled New Orleans guard Carl Nicks for a visit at One Buccaneer Place in his first and, for the moment, only stop scheduled as of Tuesday.