The Ravens reworked a handful of contracts this week. Per NFL Network’s Ian Rapoport, the team restructured linebacker Roquan Smith‘s contract. ESPN’s Field Yates adds that defensive tackle Nnamdi Madubuike and kicker Justin Tucker also reworked their pacts.
Smith’s restructuring helped create $4.875MM in cap space, per Rapoport. Smith is playing on the second year of a five-year, $100MM extension he signed with the Ravens in 2023. In total, the three recent contract restructurings will total $9.3MM in savings, per Yates.
GM Eric DeCosta recently hinted that the team may be over the cap after adding a long list of practice squad players (via Jeff Zrebiec of The Athletic). The executive was confident the organization would quickly get cap compliant, and it sounds like the front office also managed to squeeze out some extra financial wiggle room heading into the regular season.
More cap restructurings from around the NFL…
- Deebo Samuel provided the 49ers with some cap space the other day, with the wideout’s restructuring providing the team with a whopping $16.4MM in cap space (via Yates). Samuel is still playing on the three-year, $73.5MM extension he inked with San Francisco in 2022. Defensive tackle Maliek Collins also recently reworked his contract, saving the 49ers $5.43MM against the cap, per Yates. The team specifically converted $6.79MM of Collins’ upcoming salary into a signing bonus, adding three void years in the process (per Michael Ginnitti of Spotrac).
- The Broncos continue to commit to wideout Courtland Sutton, at least for the entirety of the 2024 campaign. The team restructured the receiver’s contract, helping open $9.5MM in cap space, per Yates. Specifically, the team converted $11.875MM of Sutton’s $13MM salary into a bonus, per Mike Klis of 9News in Denver. The reduced financial flexibility reduces the chances of a Sutton trade during the upcoming season.
- The Falcons opened up about $7.5MM in cap space by reworking Jessie Bates‘ contract, per Aaron Wilson of KPRC2 in Houston. The team converted $11.25MM of his 2024 base salary into a signing bonus, increasing his 2025 ($22.25MM) and 2026 ($22.27MM) cap hits in the process.
- The Panthers reworked a pair of contracts, according to Yates. Both offensive tackle Taylor Moton and defensive tackle Shy Tuttle helped provide the Panthers with some breathing room, as the duo’s restructurings created $10.7MM in cap room.
- The Saints opened $3.5MM in cap space by reworking Juwan Johnson‘s deal, per Yates. The tight end inked a two-year extension with the team ahead of the 2023 campaign, with $11.5MM of his $12MM earnings guaranteed.