The Cleveland Browns and star running back Nick Chubb have agreed on a restructured contract for the 2024 season. The new deal lowers Chubb's base salary from $15.85 million to approximately $11.775 million, significantly reducing his cap charge from $15.85 million to $6.275 million. However, it includes incentives that allow Chubb the opportunity to earn up to $12.2 million, compensating for the reduction. This adjustment comes as Chubb is rehabilitating from two knee surgeries and aims to make a comeback from a serious knee injury. The restructured contract is seen as a win-win, ensuring Chubb's place in the organization while providing the Browns with cap relief. The renegotiation was part of a planned strategy by the Browns, considering Chubb's importance to the team and his recovery process.
Browns salary cap space estimate update after Nick Chubb's new contract; Watson, Cooper restructures still an option with an eye on 2025’s space: https://t.co/cNPCeCfyw4
Nick Chubb is staying in Cleveland. The Browns and Nick Chubb have agreed on a reworked contract for the 2024 season. The deal will lower his base salary with a chance to earn it back in incentives. Via @RapSheet https://t.co/Ox2avJOdst
The Browns had always planned to rework Nick Chubb’s contract. Football business. The question is when will we see him on field?
Nick Chubb: Takes pay cut https://t.co/ULFWza7N5h
Nick Chubb agrees to lower base salary in revised contract with Browns https://t.co/rhbPqrRzbd
More details still TBD, but Nick Chubb & the #Browns appear to have a win-win renegotiation in place for 2024. https://t.co/I0yQJ1metd
Story updated with the first contract details: Huge cap relief for the Browns and Chubb's incentive upside released: https://t.co/LVEKhe1gRe
On Nick Chubb’s reworked deal, the #Browns reduced his salary cap hit from $15.85M to $6.275M, per source. Deal gives him the opportunity to earn up to $12.2M in 2024 based on performance levels he had achieved prior to injury.
Two weeks before the NFL draft, the Browns and Nick Chubb agree to new contract: https://t.co/LVEKhe1gRe
The #Browns have restructured Nick Chubb's contract for 2024 to significantly lower his $11.75 million base and $15.85 million cap charge, source tells me. He will have incentives in the deal to make up the $12.2M he could've made.
#Browns restructure Nick Chubb's contract coming off major surgery, lowering his base to a much more manageable number in '24, but with a chance to make it all back in incentives. Details here: https://t.co/4s80vkuBzp
Nick Chubb agrees to restructured deal, stays with #Browns for 2024 https://t.co/P7wYfaYW3B
Nick Chubb reportedly has a chance to earn back his salary through incentives. 🧐 https://t.co/draedekePz https://t.co/gtEri8bnwA
𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: The #Browns have agreed to a restructured contract with star RB Nick Chubb that will keep him in Cleveland, per @RapSheet https://t.co/AVQ0YIWnne
Nick Chubb agrees to lower base salary in revised contract with Browns. https://t.co/2ZJtIOKmiy
Browns rework contract of Nick Chubb for 2024 https://t.co/CpjdtmLMgC
Here is our full story on #Browns RB Nick Chubb, who is staying in Cleveland. A win-win. https://t.co/PYY0k0D6Bb
Browns rework contract to keep star RB Nick Chubb in Cleveland for 2024 season (per @RapSheet + @TomPelissero) https://t.co/Y17a6ejU02 https://t.co/GmzJ6QAig3
The #Browns have restructured Nick Chubb's contract for 2024 to lower his base from $15.85 million to about $11.775 million, league source tells me. He will have incentives in the deal to make up the rest.
These situations can be incredibly challenging. But the #Browns and Chubb’s team worked together for a fair solution for one of the team’s most respected and best players. As Chubb works his way back, his place in the organization is secure. And that’s a big win. https://t.co/FcaCTKOK8K
#Browns always planned to do this. Chubb in last year of deal and rehabbing from two knee surgeries. https://t.co/YZ1jPwiYyc
The #Browns and star RB Nick Chubb have agreed on a reworked contract for 2024 to lower his base of $11.775M, sources tell me and @TomPelissero, with a chance to earn it back in incentives. Chubb is working his way back from a serious knee injury, but isn’t going anywhere. https://t.co/c6hr3wQeuE