Several NFL players have renegotiated their contracts, accepting pay cuts and restructuring deals to help their teams manage salary cap space. Terron Armstead accepted a $4.25 million pay cut and received $10 million in guaranteed salary, with a new contract including a $7.29 million signing bonus. Hurst agreed to a significant pay cut reducing his contract value to $2.71 million from $4.75 million. Ryan Ramczyk's contract saw a significant pay cut from $17 million to $6.5 million, with a $5.29 million signing bonus. Aaron Donald's cap hit decreased from $34.16 million to $24.97 million, saving the Rams about $9.19 million in salary cap space. Joe Noteboom accepted an $8.25 million pay cut in return for $6 million in guarantees, with a new base salary of $5 million for 2024 and a cap hit of $11.6 million, down from $20 million. The Rams converted $13.79 million of salary into a signing bonus, saving $9.2 million in cap room for 2024.
Hurst agreed to a significant paycut. Was previously scheduled to earn $1.75M in bonuses on top of that $3M salary for a total of $4.75M. Now it's $2.71M (vet minimum salary of $1.21M plus $1.5M escalator bonus he earned last year that will stay on Saints' books no matter what). https://t.co/957VcR2BeG
More on this per OTC - “The Rams converted $13.79 million of salary into a signing bonus. The move saved the Rams $9.2 million in cap room for 2024.” https://t.co/4EHDKlVZjq
From Over the Cap: “Noteboom accepted an $8.25 million pay cut in return for $6 million in guarantees.” New cap hit is $11.6M new base salary is $5M for 2024. Noteboom will be a solid sixth man player for the Rams, who extended him in 2022. https://t.co/khEhkpgdRF
Aaron Donald’s 2024 cap hit went from $34.16 million to $24.97 million after the Rams restructured his contract. That will save the Rams about $9.19 million in salary cap space this year, as @Jason_OTC said.
With Joe Noteboom’s reworked contract, his base salary went from $10 million in 2024 to $5 million. The Rams also added per-game roster bonuses to the deal. His remaining base salary is guaranteed. His new cap hit is $11.6 million, down from $20 million.
Saints RT Ryan Ramczyk's new contract summary shows significant paycut from previous $17M to $6.5M ($5.29M signing bonus, $1.21M salary). Waiting to see if not-likely-to-be-earned incentives were added. But they aren’t factored into cap figure, which dropped from $27M to $12.3M.
Appears Hurst took a paycut. Contract now has a value of $2.71 million this year. Base was previously $3 million. Looks like all potential bonuses were removed. New cap number: $2.971 million Old cap number: $6.5 million https://t.co/vLNprqxK4B
“Terron Armstead renegotiated his contract, accepting a $4.25 million pay cut and receiving $10 million in guaranteed salary. His new contract includes $7.29 million signing bonus and reduced his 24 cap charge by $10.29 million. 25 and 26 remain unchanged.” - Via Over The Cap