Despite being in the second half of the NFL season, teams are still actively cleaning up their books in anticipation of upcoming moves or future offseason transactions. We’ve compiled some of the notable financial moves below (plus an interesting note about a future Hall of Fame quarterback):
- Jerome Baker, LB (Dolphins): restructured deal. According to ESPN’s Field Yates (on Twitter), Baker restructured his contract and reduced his 2022 cap hit by about $2.5MM. This restructuring came on the heels of Miami’s notable trade deadline acquisitions, moves that required the front office to clear up a bit of cap. The 2018 third-round pick has turned into a consistent starter for the Dolphins. After collecting more than 300 tackles through his first three professional seasons, Baker inked a three-year, $39MM extension with the organization back in 2021.
- Brian O’Neill, OT (Vikings): restructured deal. According to Yates (on Twitter), the Vikings converted $1.8MM of O’Neill’s base salary into a signing bonus, creating close to $1.5MM in cap space. Prior to the move, the Vikings were closing in on the cap, so this should provide them with a bit more wiggle room. In 2021, the former second-round pick signed a five-year, $92.5MM extension with the organization, and he ended up earning his first career Pro Bowl nod later that season.
- William Jackson III, CB (Steelers): reworked deal. Following his trade to Pittsburgh, Jackson agreed to wipe out the remainder of his per-game roster bonuses, per Yates (on Twitter). Those bonuses were valued at around $44K per game. The cornerback is still due the remainder of his base salary, valued at around $2.7MM, and he helped saved the organization $350K against the cap. Jackson is still attached to a three-year, $40.5MM deal that he signed with Washington in 2021. He was traded to the Steelers at the deadline for a conditional 2025 sixth-round pick for a conditional 2025 seventh-round pick.
- Aaron Rodgers, QB (Packers): contract details. It’s been a while since Aaron Rodgers inked his massive three-year, $150MM extension with Green Bay, but details are still trickling out about the contract. According to ESPN’s Rob Demovsky, Rodgers’ $58.3MM option bonus in 2023 can be exercised at any time between the first day of the 2023 league year and the day before the Packers’ regular season opener. This is important timing if the Packers decide to trade their franchise quarterback this offseason. Demovsky also provides details on Rodgers’ contract in 2024. The $49.25MM in salary and bonuses is only guaranteed against injury, but it will become fully guaranteed on the fifth day following the previous season’s Super Bowl.