The Tampa Bay Buccaneers have finally signed Mike Williams to a five-year contract extension, keeping him with the team through the 2018 season, according to Adam Schefter. Williams was playing under his rookie contract, which ran through the 2013 season. The Bucs had been working toward an extension for most of this offseason, finally reaching one as training camp starts today.

Mike Williams was the team's fourth-round pick in the 2010 draft, having fallen that far because of concerns that he had quit his team in college. Williams has been a revelation in Tampa, though, catching 193 passes for 2,731 yards and 23 touchdowns in three years.

Williams flourished when he was the number two receiver, but struggled as the number one receiver in 2011. With Vincent Jackson under contract, though, Williams won't be asked to be the focal point of the team's passing attack. The Buccaneers now have their starting wideouts under contract for the foreseeable future.

The team appears to be framing this as a six-year deal worth $40.25 million, the Buccaneers announced, which would make the deal worth $6.8 million per year. Williams was still under contract for one year at $1.4 million, however, so this could also be seen as a five-year extension worth $38.85 million at $7.8 million per year.

Williams posted this video on Instagram as the news broke:

Stay with us as we'll have the details as soon as they become available.

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