As free agency continues, teams will keep finding ways to open up additional cap. We’ve had a handful of reworked contracts in recent days, which we’ve compiled below:
- The Packers opened $10.15MM in cap space by restructuring the contracts of wideout Randall Cobb (which was previously reported) and safety Adrian Amos, per ESPN’s Field Yates (on Twitter). ESPN’s Rob Demovsky tweets that Green Bay turned $5.88MM of Amos’ $7MM base salary into a signing bonus and added four void years.
- The Broncos opened up some space via a pair of restructured deals. Wideout Tim Patrick converted $6.9MM of his roster bonus into a signing bonus, creating around $4.6MM in cap space, per Mike Klis of 9News in Denver (on Twitter). The Broncos also converted receiver Courtland Sutton‘s $10.5MM roster bonus into a signing bonus, saving $7.875MM in 2022 cap space, per Klis (on Twitter).
- The Panthers converted $11.765MM of wideout Robby Anderson’s 2022 pay into a signing bonus, creating $5.88MM in cap space, per Yates (on Twitter). Staying in the NFC, Yates also tweets that the Eagles converted $14.88MM of cornerback Darius Slay’s salary into a signing bonus, creating $11.90MM in 2022 cap space.
- The Giants converted $2.63MM of kicker Graham Gano’s salary into a bonus, creating $1.753MM in cap space, per ESPN’s Jordan Raanan (on Twitter). The team also added a void year to the contract, something GM Joe Schoen was trying to avoid (per Raanan).
- After getting traded to the Bills, quarterback Case Keenum agreed to rework his contract. Per Yates (on Twitter), Keenum reduced his base salary to $3.5MM. Another AFC East team, the Patriots, also got into the game, reducing defensive end Henry Anderson‘s base salary from $2.5MM to $1.25MM (per Yates).
- Yates passes along three more restructures (on Twitter): the Vikings opened $6MM in cap space by reworking safety Harrison Smith‘s contract, the Bills opened $5.172MM via linebacker Matt Milano‘s contract, and the Titans opened $6.45MM via linebacker Zach Cunningham‘s contract.