New York Giants News & Rumors

Teams around the NFL have been engaging in their usual financial gymnastics to create enough cap space to sign new players – or for some – simply retain the ones already under contract.

The Broncos restructured Quinn Meinerz‘s deal earlier in the week to ensure they were compliant with the 2026 salary cap by the start of the new league year on Wednesday. But with more than a dozen signings – including multi-year pacts with Alex Singleton, J.K. Dobbins, and Adam Trautman, plus a second-round restricted free agent tag signed by Ja’Quan McMillian – Denver needed to free up more cap space.

To do so, they completed a restructure of outside linebacker Jonathon Cooper‘s contract, per Luca Evans of the Denver Post. His salary was reduced to the veteran minimum with $10.2MM converted into a signing bonus that was prorated across the remaining five years of the contract, which includes two added void years. Cooper’s 2026 cap hit dropped by $8.2MM to $5.78MM as a result, with $17.55MM cap hits now scheduled for 2027 and 2028, per OverTheCap.

The Broncos also altered the contract of guard Ben Powers. He was set to earn a $500k roster bonus on Sunday, but that has instead been moved into his base salary for the season, according to Chris Tomasson of the Denver Gazette.

Powers was viewed as a potential cap casualty entering the final year of his deal, but the team affirmed their commitment to him before free agency. However, this move – pushing a financial obligation months into the future – indicates that Denver may still be open to moving on the seven-year veteran after re-signing Alex Palczewski at the beginning of the month.

Here are some other recent restructures from around the NFL:

• The 49ers restructured defensive end Nick Bosa‘s contract to clear $17.7MM in salary cap space, per Jason Fitzgerald of OverTheCap. Like Cooper, his salary was reduced to the veteran minimum by converting $21.465MM to a signing bonus and prorating it across the four remaining years of the contract plus one new void year. His cap hits in each of those seasons has risen by $4.293MM as a result.
• The Giants also restructured a starting edge rusher, like the Broncos with Cooper and the 49ers with Burns, though they did not add any void years to his deal to maximize the cap savings from the move. $22.75MM of Brian Burns‘ 2026 salary was converted to a signing bonus and prorated across the remaining three years of the contract. The move yields $15.16MM in cap savings this year, though ESPN’s Jordan Raanan notes that the money is for “operating funds” – such as contracts for the upcoming draft class – as opposed to another major free agency signing. Burns will now have cap hits of just over $44MM in 2027 and 2028, which will likely cause the Giants to explore another extension next offseason to reduce those obligations.
• Chiefs linebacker Drue Tranquill accepted a pay cut in the last year of his contract, per NFL Network’s Mike Garafolo. He was previously due a non-guaranteed salary of $6MM; now, he will make $3.5MM with $3MM of his guaranteed. The deal ensures Tranquill will remain in Kansas City in 2026, his fourth season with the team.
• The Saints already began their annual tradition of restructuring most of their top contracts to become cap-compliant before the start of the new league year, and they added another to the ledger this week with an edge rusher of their own. Carl Granderson‘s $2MM roster bonus and $9.45MM of his 2026 salary was converted into a signing bonus and prorated across the remaining four years of the contract, per Fitzgerald. Interestingly, the Saints, who have been one of the NFL’s most aggressive teams in terms of using void years, did not add another void year to Granderson’s deal (which already contained two) to maximize their cap savings, according to ESPN’s Katherine Terrell. As a result, his 2026 cap hit was reduced by $8.59MM, creating a $20.924MM cap hit in 2027.