Tampa Bay announced on Saturday that McCoy - pick three in the 2010 draft - will remain with the Buccaneers until the 2021 NFL season in a deal reportedly worth $98 million.
The news come as a big boost for Lovie Smith's men, with the Buccaneers struggling this season after managing just one win from six games to prop up the National Football Conference's South division.
"From the moment Lovie and I arrived here, we knew it was vital for us to keep Gerald in Tampa Bay long term as one of the cornerstones of our franchise," said general manager Jason Licht.
"With the backing of the Glazer family, we were able to accomplish that. On the field, Gerald is one of the best players in the National Football League, who has been extremely productive and will be for years to come.
"We are happy to reward someone that has a rare work ethic, which not only makes him an elite player, but serves as an example for our entire team. His commitment, character and leadership are attributes that make him a truly special person, who will play a pivotal role in our future success."
The 26-year-old has made 17 tackles and two sacks in five games this season.
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