NFL Media Insider Ian Rapoport reached out to a source familiar with the Bucs' thinking as well as an executive with another team to discuss Tampa Bay's move on Sunday. Rapoport was told the decision could result in a market reset for wide receivers currently in contract limbo.
The Bucs concluded that Jackson's 2015 base salary of $9.7 million is in line with his value, given the current market. Recent deals signed by Ricky Jean Francois (three years/$9 million, $4M guaranteed to the Redskins) and Josh McCown (three years/$14 million, $6.25M guaranteed to the Browns) have made it clear players are going to get paid this offseason.
Wallace is a particularly interesting case. He reportedly told the Dolphins he will not restructure the final three years and $32.9 million remaining on his five-year, $60 million contract signed in 2013. Wallace is due $9.85 million this season, almost the same amount Jackson will earn from the Bucs this season. It's easy to imagine Wallace's representation pointing out that Wallace was a far more productive player last season. Wallace had 10 touchdowns to Jackson's two last season.
Jackson's deal might not change how those teams approach their players, but it certainly adds an interesting wrinkle to negotiations.