Here are a few details on recent contact restructures from around the league:
- The Falcons made a move recently to restructure the deal of veteran offensive tackle Jake Matthews in order to clear some cap space, according to Field Yates of ESPN. Atlanta converted $9.5MM of Matthews’ 2023 base salary into a signing bonus. The move freed up approximately $7.13MM of cap space.
- Defensive end Jerry Hughes agreed to a restructured deal with the Texans today, according to Aaron Wilson of KPRC 2. The move converts $2.67MM of his 2023 base salary into a signing bonus, clearing about $2.14MM of cap space for Houston. The deal also added four void years to the end of his deal to assist in spreading out the cap hit of the deal over time.
- The Texans also took the opportunity today to restructure the contract of kicker Ka’imi Fairbairn, according to Wilson. Fairbairn did a similar adjustment for the team in 2022, in order to clear some cap space. While the exact details of today’s deal have not been released, Fairbairn’s payout in 2023 is expected to remain the same.