Terron Armstead, Hurst, and Ryan Ramczyk have all renegotiated their contracts with the Saints. Armstead's contract adjustment provides the Dolphins with about $10 million in cap relief in 2024 by adding void years. Hurst agreed to a pay cut reducing his contract value to $2.71 million, with all potential bonuses removed. Ramczyk's new contract includes a significant pay cut from $17 million to $6.5 million, with a $5.29 million signing bonus and $1.21 million salary.
Terron Armstead restructures Miami Dolphins contract to help team with salary cap quandary https://t.co/1luaq1IcPT via @pbpost
How Terron Armstead’s reworked deal helps Dolphins’ cap situation https://t.co/6G8QllNltZ
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
Pro Bowl and Dolphins Good Guy winner left tackle Terron Armstead restructures Miami Dolphins contract to help team navigate salary cap conundrum. https://t.co/1luaq1IcPT
Terron Armstead restructures Miami Dolphins contract to help team with salary cap https://t.co/TmENW05Leu
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
Terron Armstead's reworked contract is now accounted for with an explanation of how it was adjusted. The Dolphins get about $10 million in cap relief in 2024 and add void years to spread out the remaining cap hits. https://t.co/uq4v4GsI2m