Here are some details on recent contract restructures in the NFL:
- Robert Woods, WR (Titans): Halfway through his first season in Tennessee, Woods has agreed to a restructure of his contract that opens up a bit of salary cap space for a team that sorely needs it, according to ESPN’s Field Yates. The new agreement converts a portion of his base salary into a signing bonus, freeing up $2.6MM in cap space for the Titans. The team has been among the bottom-five teams in the NFL in regard to cap space this year and is poised to be in a bad position next year, as well. The move shows that general manager Jon Robinson is starting to plan for the impending offseason and making sure that Tennessee is set up well for the future.
- Dean Lowry, DE (Packers): Lowry agreed to make his contract a bit more team-friendly after seven years in Green Bay, according to Yates. The team will convert approximately $1.5MM in base salary into a signing bonus, similar to Woods’ agreement. The move will clear up about $1.1MM in cap space for the Packers. Lowry is in the final year of his second contract with the team. Helping Green Bay find a little cap space puts Lowry in a favorable position heading into negotiations for a potential third deal.