Mike Evans was one of several finical priorities for the Buccaneers this offseason, and he agreed to a two-year, $41MM deal prior to free agency. That leaves him in place to partner with fellow receiver Chris Godwin for at least one more season, although the latter is entering the final year of his deal. 
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Godwin is attached to a three-year, $60MM pact and he will aim to cash in on the upward trend seen in the receiver market over recent years. A new agreement keeping him in Tampa Bay beyond 2024 should not be expected for the time being, though. ESPN’s Jenna Laine reports extension negotiations have not begun in Godwin’s case.
As Laine notes, Tampa Bay is waiting to see how the 28-year-old adapts to the offense installed by new OC Liam Coen before making a renewed commitment. The Buccaneers had more success than expected during Baker Mayfield‘s first season at quarterback with Dave Canales overseeing the offense. The latter took the Panthers’ head coaching position, though, leading to Coen’s hire.
The resultant change in scheme will see Godwin play in the slot. The former Pro Bowler played primarily on the outside last season, and his production fell short of expectations before moving back inside. Godwin has shown to be at his best when used in the slot, so he could be in position for a strong outing in 2024. Success would either lead to urgency on the team’s part to pursue a third contract (fourth total agreement, when including his 2021 franchise tag) or help his free agent stock ahead of next offseason.
Godwin managed to eclipse the 1,000-yard mark for the third straight season and fourth time overall in 2023, although his two touchdowns were the lowest total since his rookie campaign. Having drawn at least 121 targets four times since 2019, the former third-rounder should once again be a focal point in Tampa’s passing game despite the switch to Coen as OC. Godwin and Evans will provide Mayfield with a familiar top pairing at the receiver spot.
The Buccaneers did draft Jalen McMillan in the third round, and he joins 2023 sixth-rounder Trey Palmer as a young receiver who could serve as a Godwin successor down the road. Tampa Bay will have a new returner this season given the decision to move on from Deven Thompkins, but Godwin does not have experience in that capacity. His performance on offense (and how the team reacts to it from a contractual standpoint) will be worth watching this year.
Licht and the FO tend to wait it out, I don’t see that changing. Wirfs is probably the only guy they will extend before he can hit the market. I do want Godwin back but with how the money is being thrown at WRs I don’t know if they bring him back after this. It would be a short deal if anything.