Salary Cap

Extra Points: Cap, Interviews, Texans, Pash

In place since 1994, the salary cap jumped by a greater amount this year than any other in its history. The $30.6MM spike this year — producing a $255.4MM salary ceiling — led to some monster payments for top free agents, and the wide receiver ceiling is likely to reach the $35MM-per-year place once Justin Jefferson and CeeDee Lamb are signed. Teams, however, may be preparing for a less impactful rise in 2025. The cap should not be expected to balloon on the level it did this year, with the Dallas Morning News’ Michael Gehlken noting the early expectation is an increase of approximately $10MM. Once the 2011 CBA starting bringing cap growth by 2014, it leveled off at bumps of around $10MM per year as the 2010s wound down. That period will do well to prepare teams, as does the COVID-19-induced cap decline of 2021. But an expectation of a modest increase for 2025 will play into clubs’ big-ticket extension talks as this offseason progresses.

Here is the latest from around the NFL:

  • Assistant coaches on playoff teams will have some additional time to prepare for postseason matchups in 2025. The NFL will introduce a cap on the length of HC interviews with assistants attached to playoff teams, NFL.com’s Tom Pelissero tweets. These meetings will be capped at three hours. With no limit being in place previously, this will be a significant change as teams and candidates chart their interview schedules come January. Additionally, these interviews must take place in the city of the assistant’s current team or a location approved by the coach’s current team, per Pelissero and SI.com’s Albert Breer. These changes comes a year after the league pushed back the timeline for candidates to conduct in-person interviews, sliding it from after the wild-card round to after the divisional round.
  • NFL general counsel Jeff Pash revealed he will retire from the post he has held since 1997, Pro Football Talk’s Mike Florio notes. Pash will remain in his position until a successor is determined. A Paul Tagliabue-era hire, Pash has worked as a central part of Roger Goodell‘s disciplinary efforts since he replaced Tagliabue in 2006. Best known for his efforts in high-profile NFL legal battles, Pash has also played a key role in player safety measures on the field. Lawrence Ferazani Jr.Anastasia Danias Schmidt and Brook Gardiner loom as early replacement candidates, Bloomberg’s Brian Baxter writes. An ex-FBI agent, Ferazani has worked in the league office since 2007. Danias Schmidt currently serves as Major League Soccer’s general counsel, but she worked in the league office previously. Gardiner, MLS Next Pro’s general counsel, did as well. Janet Nova, the NFL’s deputy general counsel for media and business affairs, and fellow league staffer Dolores DiBella loom as other internal options, Baxter adds.
  • Texans minority owner Javier Loya faced a rape charge, along with other sexual abuse charges, stemming from alleged incidents in May 2022. The rape allegation has been dismissed, according to KPRC2’s Aaron Wilson, who reports the six charges of sexual abuse were also dropped. Loya agreed to a deal that will close this matter with one misdemeanor charge — harassment with intent to annoy — and a $100 fine in Kentucky, Wilson adds. Four female models Loya allegedly hired to work at two Kentucky-based parties accused him of sexual abuse. Loya has been a Texans minority owner since the franchise’s 2002 inception.

Dolphins Restructures: Ramsey, Armstead, Sieler, Ingold, Smythe

The Dolphins were in a dangerous situation working with quite a precarious cap number. In an effort to get within compliance, Miami reworked the deals of several players in order to lessen their respective salary cap impacts.

One of the biggest deals to get done was the restructure of star cornerback Jalen Ramsey. According to Tom Pelissero of NFL Network, the team converted $13.89MM of Ramsey’s 2024 base salary (now only $1.21MM) and an $11MM roster bonus into a signing bonus while adding an additional void year to the two already in existence at the end of his contract.

The work put in by both sides resulted in a cap clearance of $19.91MM.

Here are a few other restructured deals the Dolphins utilized to increase their available cap space:

  • We mentioned after the re-signing of offensive guard Robert Jones that an adjusted contract was on the way for left tackle Terron Armstead. Lo and behold, per Daniel Oyefusi of the Miami Herald, Armstead will accept a $4.25MM pay cut in 2024 while bringing in $10MM of guaranteed salary. His new deal includes a $7.29MM signing bonus, as well. The adjustments cleared another $10.29MM of cap space for the Dolphins.
  • It was Michael Ginnitti at Spotrac.com who informed us of the remaining adjustments. Defensive lineman Zach Sieler contributed by agreeing to convert $7.01MM of his 2024 base salary (now only $1.13MM) into a signing bonus while adding two void years to the end of his deal, resulting in the clearance of $5.6MM of cap space. Fullback Alec Ingold chipped in by agreeing to convert $2.08MM of his 2024 salary (now also $1.13MM) into a signing bonus while adding two void years to the end of his contract, as well, resulting in $1.66MM of cap space clearance. Finally, tight end Durham Smythe agreed to convert $2MM of his 2024 base salary (now also $1.13MM) into a signing bonus while adding three void years to the end of his current deal, resulting in $1.6MM of new cap space. Oyefusi points out that the addition of all those void years speaks to the dire nature of the team’s salary cap position. They ended up finding cap compliance in time for the new league year, but the cap hits of those void years will find them eventually.

NFC Restructures: 49ers, Smith, Eskridge

The 49ers recently restructured the contracts of two offensive mainstays that cleared up a heap of cap space. According to ESPN’s Field Yates and Adam Schefter, both tight end George Kittle and fullback Kyle Juszczyk agreed to restructured contracts to help lessen their impact on the salary cap.

Charean Williams of NBC Sports provided us with some details on Kittle’s newly redone deal. The veteran tight end was set to have a base salary of $13.4MM with a cap hit of $21.96MM in 2024. Instead, the team converted $12.19MM of his base salary for 2024 into a signing bonus while adding one voidable year to the existing two already at the tail end of his contract. The move cleared up $9.75MM of space in the team’s salary cap.

While Schefter’s initial report claimed that the restructure for Juszczyk would free up approximately $1.75MM of cap space, a later report from Tom Pelissero of NFL Network laid out some details that would clear almost $4MM of cap space. The restructured deal will reportedly reduce his base salary in both 2024 and 2025, forming what is essentially now a two-year, $9.1MM contract. In exchange for the reduced pay, San Francisco gave Juszczyk $4MM of new guarantees.

Here are some details on other recent restructures from around the conference:

  • We reported a restructured deal for Vikings safety Harrison Smith about a week and a half ago, and thanks to Ben Goessling of the Star Tribune, we have some details on the new contract. The restructure addressed the final two years of Smith’s contract, essentially giving him a two-year, $10.25MM deal with three void years at the end of the contract. Smith received $7MM of guaranteed money in the form of a signing bonus and will receive a per game active bonus of $30K for a potential season-total of $510K. The new contract reduces Smith’s cap number in 2024 by $11.9MM and reduces his 2025 cap impact by $15.5MM.
  • The Seahawks cleared up some cap space by restructuring the contract of wide receiver D’Wayne Eskridge, according to Bob Condotta of the Seattle Times. It’s just a slight tweak for a player who was only slotted to make $1.47MM in the final year of his rookie deal. The restructure will open up about $500K of cap space for Seattle.

NFL Restructures: Saints, Ward, McGovern

With the league’s recent release of the new salary cap numbers and the rapid approach of free agency and the draft, NFL teams are working to clear up cap space to help add significant talent to their rosters for the 2024 NFL season. The Saints made a number of moves recently to reflect this pattern.

New Orleans agreed to a restructured deal with defensive end Carl Granderson, per Tom Pelissero of NFL Network. The team converted a $9MM roster bonus that Granderson was due into a signing bonus spread over a five-year period. The move reduced his cap hit in 2024 from $12.45MM to $5.25MM, freeing up $7.2MM of cap space.

The team applied the same tactic to interior offensive lineman Cesar Ruiz‘s contract, per Pelissero, converting his $8MM roster bonus into a signing bonus and adding a void year to the end of his deal. The result saw Ruiz’s cap number drop from $10.85MM to $4.45MM, freeing up $6.4MM more of cap space.

One more time, the Saints got another player to sign a restructured deal this week. This time, star pass rusher Cameron Jordan agreed to convert $11.79MM of his 2024 base salary into a signing bonus, according to Nick Underhill of NewOrleans.Football. Jordan’s base salary was reduced to $1.21MM, and the team cleared $9.43MM of cap space as a result.

Granderson, Ruiz, and Jordan join quarterback Derek Carr, defensive tackle Nathan Shepherd, and center Erik McCoy as Saints who have signed restructured deals to help clear cap space recently.

Here are a couple of other restructured deals from around the league:

  • The Browns got in on the party, agreeing to a restructured deal with cornerback Denzel Ward, per Pelissero. Cleveland converted $14.2MM of Ward’s base salary into a signing bonus and added a void year to the end of his contract. Ward’s 2024 salary is now $1.13MM as a result, and the move cleared $11.36MM of cap space for the upcoming league year.
  • Finally, the Bills were the other team this week to work towards more cap space. Offensive guard Connor McGovern agreed to a reworked deal that would convert $4.68MM of his 2024 base salary into a signing bonus and add two void years to the end of his contract, according to Pelissero. The restructure clears up $3.74MM of cap space for Buffalo.

Teams Expect 2024 Salary Cap To Check In Around $240MM

Over the course of the 2011 CBA, the NFL salary cap did not jump by more than $12MM in a single year. The 2020s look likely to produce another climb by at least $15MM.

The cap checked in at $224.8MM this year, marking an increase from 2022 ($208.2MM). While unresolved issues are holding up a projection for the 2024 cap, SI.com’s Albert Breer notes teams’ internal projections have placed the 2024 salary ceiling between $235-$240MM. Though, Breer adds the actual number is likely to come in a bit higher, potentially closer to $245MM.

Following the 2021 cap reduction that stemmed from the fanless or fan-limited 2020 season, the cap jumped by a record $26MM to the above-referenced 2022 number. A climb to approximately $240MM, the second-highest year-to-year increase since the cap was implemented in 1994, would be in line with the growth under the current CBA. The 2020 agreement has brought multiple additional revenue drivers.

The NFL expanded the playoffs to 14 teams in 2020, ending a 30-season run of 12-team brackets. In 2021, the league broke a 42-year string (strike years excluded) of 16-game regular seasons. The expanded playoffs and 17-game regular season has helped, with each factoring into the new round of TV deals that became final in March 2021. Those contracts run through 2033. The YouTube TV seven-year “NFL Sunday Ticket” agreement, worth more than $2 billion, will impact future salary caps as well.

Last year’s round of internal team projections represented an accurate number for the 2023 cap, so the 2024 range should be viewed as relevant here. OverTheCap’s prediction has also moved down to $242MM. No official projection will arrive until January, per ESPN.com’s Adam Schefter, who adds a league memo sent to teams recently indicated the NFL and NFLPA are still working on unresolved matters.

Here is how the salary cap has climbed over the past two CBAs:

  • 2011: $120.4MM
  • 2012: $120.6MM
  • 2013: $123.6MM
  • 2014: $133MM
  • 2015: $143.3MM
  • 2016: $155.3MM
  • 2017: $167MM
  • 2018: $177.2MM
  • 2019: $188.2MM
  • 2020: $198.2MM
  • 2021: $182.5MM
  • 2022: $208.2MM
  • 2023: $224.8MM

NFC Restructures: Armstead, Lawrence, Okereke

As if they needed to, the 49ers made moves yesterday to increase their already NFL-leading unused salary cap space up to $42.29MM in 2023 (Overthecap.com). This time, San Francisco addressed the contract of defensive tackle Arik Armstead, according to Field Yates of ESPN.

The 49ers came to an agreement with Armstead, who’s currently playing on a five-year, $85MM contract, to convert $14.72MM of his 2023 base salary into a signing bonus while adding an additional void year to the end of his current deal. The moved resulted in $11.78MM becoming available in cap space for the 2023 season.

We mentioned yesterday that the additional cap space for the 49ers could have multiple uses that benefit the team. The obvious immediate benefit is that San Francisco should have plenty of flexibility around the trade deadline to make any necessary additions.

If second-year quarterback Brock Purdy decides to continue adding to his flawless regular season record and the team deems that no additions are necessary, the 49ers will be able to roll over unused cap space into 2024, when they’re projected to be $40MM over the salary cap. They’ll likely still make additions or adjustments in the offseason that will make it a closer call but having over $42MM of cap space to play with is insanely valuable.

Here are a couple of other restructures from another 2022 NFC playoff squad:

  • Shortly after rewarding defensive tackle Dexter Lawrence with a four-year, $87.5MM contract extension, the Giants have restructured his new deal for a bit of maneuverability in the team’s cap space, according to Jordan Raanan of ESPN. Lawrence’s 2023 base salary of $2.25MM was reduced down to $1.08MM with the difference of $1.17MM being converted into a signing bonus. This is a standard move at the start of the year to help create a bit of flexibility in the team’s salary cap.
  • New York also adjusted the contract of new linebacker Bobby Okereke, according to Raanan. Okereke’s 2023 base salary of $1.9MM was also reduced to $1.08MM with the $820K-difference being converted into a signing bonus. Along with Lawrence’s above restructure, the team was reportedly able to clear up about $1.55MM of cap space for 2023.

NFL Restructures: 49ers, Humphrey, Barrett, Teller

The NFL has an offseason rule called the Top 51 rule. The Top 51 rule dictates that, from the start of the new NFL league year until the beginning of the regular season, only the top 51 contracts (in terms of salary cap hit) count against a team’s salary cap. With the 2023 regular season starting tomorrow, the Top 51 rule expired at 4pm today.

This means that each team in the NFL was forced to add two more contracts to their salary cap totals. If a team was flirting with the ceiling of the salary cap, the addition of two more contracts may push them above the limit. While that may not have been the case for all of the following teams, these front offices decided to take advantage of the timing to clear up some cap space, according to ESPN’s Field Yates:

  • The 49ers did double-duty, restructuring the contracts of tight end George Kittle and offensive tackle Trent Williams. For Kittle, the team converted $10.57MM of his 2023 base salary into a signing bonus while adding an additional void year to the end of the deal, clearing up $8.46MM of cap space. For Williams, San Francisco converted $18.24MM of the left tackle’s 2023 base salary into a signing bonus, also adding a single void year to the end of the deal. Williams’ adjustment cleared $14.59MM of cap space. The $23.04MM of cap space cleared in the restructures likely had less to do with the Top 51 rule and much more to do with star pass rusher Nick Bosa‘s record-setting extension.
  • The Ravens used the opportunity to adjust star cornerback Marlon Humphrey‘s contract. Baltimore converted $9.42MM of Humphrey’s 2023 base salary into a signing bonus and added a single void year to the end of the deal. The adjustment created $7.54MM of cap space for the Ravens.
  • The Seahawks decided to create space by restructuring safety Jamal Adams‘ contract. Seattle converted $9.92MM of Adams’ 2023 base salary into a signing bonus, creating $6.61MM of cap space for the team.
  • The Buccaneers also targeted the contract of a defensive veteran, adjusting the numbers of pass rusher Shaquil Barrett. For Barrett, Tampa Bay converted $13.09MM of his 2023 base salary into a signing bonus while adding an additional void year to the end of the contract. The restructure clears up $10.47MM of cap space for the Buccaneers.
  • The Titans also addressed the contract of a pass rusher, restructuring Harold Landry‘s current deal. Tennessee converted $11MM of Landry’s 2023 base salary into a signing bonus, clearing up $8.25MM of cap space for the team.
  • The Broncos continue to miss the contributions of wide receiver Tim Patrick, who will once again miss the entire season, but Denver still found some value for him in a contract restructure. The team converted $6MM of Patrick’s 2023 base salary into a signing bonus to clear up $3MM of cap space.
  • The Browns created some cap space by restructuring the deal of veteran offensive guard Wyatt Teller. Cleveland converted $11.42MM of Teller’s 2023 base salary into a signing bonus while adding an additional void year to the end his deal in order to create $9.14MM of cap space for the team.

Chargers Rumors: Ekeler, Johnston, Salary Cap

Within a limited salary cap, as other positions begin to see an increase in the average value of their contracts, the space in the salary cap for those increases has to come from somewhere. As positions like quarterback and defensive tackle are reaching new highs, it seems that the value of running backs is slowly diminishing.

Chargers running back Austin Ekeler went on The Rich Eisen Show this week to voice his opinion on the situation. Ekeler is entering a contract year and was interested in renewing his deal for more time in Los Angeles. When it became clear that the Chargers weren’t willing to meet his demands on a new deal, they allowed him to seek a trade. Unfortunately for Ekeler, it soon became apparent that no one was willing to meet his demands, sending him back to the negotiating table. Without extending his time with the team, Los Angeles did show a bit of their appreciation for Ekeler, reworking his contract in a way that allows him to make more money in 2023 through incentives.

Ekeler understandably left the situation frustrated with the development of the running back market. His view is that running backs carry the ball and impact the game more and that they’re not getting compensated in a corresponding fashion. While he certainly has a point, being concerned that top running backs are getting nearly the money they should be able to, the overall market of the position is being dragged down by the success of its younger players. Due to the recent successes seen by running backs on rookie contracts, several teams feel much more comfortable going to the draft for their primary rushers, making them less inclined to pay out large contracts to veterans, regardless of their caliber.

As a result, Ekeler sees backup wide receivers making more money than him, despite their lesser impact on the team’s success. It’s an unfortunate development that, this offseason, has resulted in contract disputes from four of the league’s top-eight running backs in yards from scrimmage last year.

Here are a few other rumors coming out of Los Angeles this summer:

  • The Chargers used a first-round pick on wide receiver Quentin Johnston this year, and there is not an expectation that he will be coming off the bench much as a rookie, according to Daniel Popper of The Athletic. Despite Josh Palmer stepping up in a big way during his sophomore season while position leaders Keenan Allen and Mike Williams each missed some time with injury, Popper expects Johnston to jump Palmer for the WR3 role at some point this year. Johnston has some development to undergo still before claiming the spot, but Palmer’s absence in the spring (due to injury) certainly helps Johnston’s case. Popper expects the position battle to take place in training camp, and he expects Johnston to eventually win out.
  • Additionally, Popper addressed the team’s reluctance to spend on free agency this offseason despite having a little more the $12MM in open cap space for 2023. It’s a popular opinion that the Chargers are already looking ahead towards the 2024 season. Next year, four players will have cap hits over $30MM, and that’s not including quarterback Justin Herbert who, if forced to play out his fifth-year option, would hold a $29.50MM cap hit in 2024. Instead of spending their money this summer on contracts that may have an impact into next year, Los Angeles may be angling to take advantage of rollover cap space. According to Popper, “teams are allowed to roll over any unused cap space from one season to the next.” $12MM of rollover could do a lot towards what could end up being a pricey 2024 season. In contrast, the highest cap hit the team is dealing with in 2023 comes in at $17MM.

Jets Rumors: Restructures, Williams, McDonald, Johnson

The Jets were recently able to create an impressive $12.7MM of cap space by reworking defensive end Carl Lawson‘s contract. The team may not be done there, according to Jeremy Fowler of ESPN, as there are a few more veterans with lofty salaries in 2023.

After reducing Lawson’s cap hit for the year, five Jets have cap hits over $10MM for the upcoming season: linebacker C.J. Mosley ($21.48MM), left tackle Duane Brown ($11.28MM), wide receiver Corey Davis ($11.17MM), left guard Laken Tomlinson ($10.88MM), and safety Jordan Whitehead ($10.23MM).

Mosley, Brown, and Davis make the most sense for potential further restructures, not just because they have the highest cap hits, but also because they all have salaries over $9MM next season. Mosley has the highest base salary for 2023 at $17MM, while Davis is at $10.5MM and Brown is at $9MM. The bigger base salary gives them a larger amount that they are able to convert into a signing bonus in order to reduce salary cap numbers.

Here are a few more rumors concerning Gang Green:

  • Another player with a high salary and cap hit, as his fifth-year option gives him an amount for both of $9.59MM, Quinnen Williams has been the source of much stress for New York. While head coach Robert Saleh is fairly unconcerned about the situation, expecting a deal to get done, according to Rich Cimini of ESPN, the drama was only exacerbated with Williams made an adjustment to his Twitter bio earlier this week, writing, “Defensive tackle for ……………….” Many around the league are worried the situation could devolve into one resembling that of Jamal Adams, who general manager Joe Douglas had planned to make a “Jet for life” before trading him to Seattle weeks later.
  • The Jets used a first-round pick on Iowa State outside linebacker Will McDonald back in April. It puzzled some as it looked like the continuation of a number of early draft investments New York has made at pass rusher. Some wondered if they maybe planned to use McDonald as more of a complete linebacker, but according to Cimini, the Jets plan to use McDonald at defensive end. Considered to be arguably the draft’s best pass rushing prospect, McDonald will compete with recent high draft pick Jermaine Johnson and John Franklin-Myers for snaps across from Carl Lawson.
  • It was a bit of a shock last month when New York released running back Ty Johnson with a non-football injury designation just over a month after re-signing him. Johnson took to Instagram today to provide some emotional insight on the situation. According to Johnson, after tearing a pectoral muscle in a workout away from the team, Johnson was told by the Jets’ team doctor to undergo surgery. When he returned to the facility after the procedure, he was told he no longer had a spot on the roster. The Jets return a hopefully fully healthy Breece Hall, Michael Carter, and Zonovan Knight and added Pitt running back Israel Abanikanda in the fourth round of the draft.
  • New York signed former Packer Billy Turner earlier this month to help solidify their depth at offensive tackle. Thanks to Aaron Wilson of KPRC 2, we’ve got a few more details on the deal. The one-year contract has a base salary of only $1.35MM with $1MM of it guaranteed. Turner can more than double that amount if he ends up active and playing next year. He’ll receive a per game active roster bonus of $17,647 for a potential season total of $300K. The deal also includes a playing time incentive that will pay him $1.5MM if he plays 75 percent or more of the team’s offensive snaps.
  • Cimini was able to provide us with details on defensive tackle Al Woods‘s recent signing, as well. The one-year deal worth $2.25MM has a base salary of $1.24MM ($500K of it guaranteed) with a $500K signing bonus. Woods will also receive a per game active roster bonus, his worth $30K for a potential season total of $510K.

NFL Restructures: Saints, Corbett, Grant, Eagles

The Saints restructured two contracts yesterday in an effort towards salary cap compliance, according to ESPN’s Field Yates. Both linebacker Demario Davis and tight end Taysom Hill have agreed to the new arrangements to lower their cap hit next season.

Davis is under contract through the 2025 season, Hill through 2026. Davis had another stellar season for the Saints in 2022. Since joining the team in 2018, he’s missed one game and been a first- or second-team All-Pro in every season but his first in New Orleans. The team converted $7.09MM of base salary for the 34-year-old’s 2023 season into a signing bonus, clearing $5.67MM in cap space off of his contract. He now holds a cap hit next year of $7.61MM with a base salary of $1.17MM.

Hill had another productive year as a Swiss-army weapon for New Orleans. The quarterback/tight end continued to show a much larger impact rushing than receiving but steeply declined in his passing numbers this year. The team converted $8.82MM of base salary for the 32-year-old’s 2023 season into a signing bonus, clearing $7.06MM in cap space off of his contract. He now holds a cap hit next year of $6.87MM with a base salary of $1.08MM.

The team still has several avenues it can explore to create cap space. Defensive end Cameron Jordan ($25.7MM), cornerback Marshon Lattimore ($22.4MM), guard Andrus Peat ($18.3MM), running back Alvin Kamara ($16MM), and quarterback Jameis Winston ($15.6MM) all hold cap hits over $15MM that could likely be restructured.

Here are few other recent moves as teams strive towards cap compliance:

  • After signing a three-year, $26.25MM contract a year ago, guard Austin Corbett has agreed to a restructured deal with the Panthers, according to Panthers staff writer Darin Gantt. Corbett contributed to a much-improved offensive line this season, starting all 17 games before suffering a torn ACL in the team’s last game of the year. The 28-year-old is working towards a return spending every day at the facility in recovery. Yates of ESPN reports that the team converted $7.72MM, consisting of his base salary and a $1MM roster bonus, into a signing bonus, freeing up $5.79MM in cap space. Corbert now holds a 2023 salary of $1.08MM and a cap hit of $5.16MM.
  • Yates’s above report on Corbett also mentioned the Browns recent restructuring of wide receiver and return-specialist Jakeem Grant. Grant missed the 2022 season with a torn Achilles tendon after signing a three-year, $10MM contract in the offseason. The renegotiated deal for Grant reportedly reduces his cap hit by $1.77MM.
  • Eagles center Jason Kelce is currently headed towards free agency or, potentially, retirement. Still, since Philadelphia has a habit of building voidable years into contracts in an effort to lessen the salary cap burden of deals, the team found it necessary to decrease that financial burden that Kelce’s expiring contract has on their future. According to yet another report by Yates, the Eagles paid Kelce a $3MM bonus yesterday, consisting of his $2.75MM 2023 roster bonus and $250,000 2023 offseason bonus, to reduce his 2023 cap hit. The move reportedly cleared up around $2.4MM of cap space for Philadelphia next season.