Hadn't seen this yet.
https://www.nbcsports.com/nfl/profoo...n-in-cap-space
Hadn't seen this yet.
https://www.nbcsports.com/nfl/profoo...n-in-cap-space
John Doe (03-11-2024)
Via Field Yates of ESPN.com, the Bills restructured the contract of quarterback Josh Allen. The move reduces his cap number from $47.056 million to $30.356 million.
Obviously, the Bills will have to deal with the $16.7 million in the future. And it won’t get any easier next year, with his cap number for 2025 now at $60.7 million.
At some point, Allen will need a new deal. His current contract averages $43 million annually, and his cash payout for 2024 is $30 million. As one of the top two or three players in the league, he’ll need an adjustment sooner than later.
FSU WR K. Coleman #33
Utah DB C. Bishop #60
Duke DT D. Carter #95
Kentucky RB R.Davis #128
Georgia C S.VanPran-Granger #141
Washington LB Edefuan Ulofoshio #160
Troy DE J.Solomon #168
UCF OT T.Grable #204
Penn ST. CB D.Hardy #219
England OT T.Clayton #221
Interesting that they did not use up all the amount they could have saved in 2024 cap space as they could have gained an additional $6M if they wanted to.
No doubt Beane is looking to future years and avoiding putting too much on the cap credit card.
Also interesting is that Josh will account for 11.89% of the 2024 cap. In 2023, the average of the top 10 cap hits for QB's as percentage of the cap was 11.32%. Josh was #11 with 8.29%.
2024 is going to take time to shake out, but as of today, the average of the top 10 cap hits for QB's as percentage of the cap is 18.49%
Mahomes is #1 (for now) with a whopping 25.05%. Josh is #10 with his reasonable 11.89%
That puts the Bills in very good shape for 2024 cap with (probably) the second best QB in the NFL.
Novacane (03-12-2024)
I would wager that within the next couple of offseasons a few more years are added to Josh's contract.
notacon (03-13-2024)
Mahomes just restructured his contract as well saving a little more than 21 million.
That moved Mahomes down to #6 in percentage of cap (so far) for 2024 down to a more reasonable 14.54%.
That also reduced the average of the top 10 cap hits for QB's as percentage of the cap is 16.97%. Which is still too high and almost assuredly will come down as contracts are re-worked
Only eleven QB's are (again, as of today) over 10% of the cap. Joe Burrow is #10 at 11.63%. #11 is Geno Smith at 10.34%.