The Seattle Seahawks are considering decisions on Tyler Lockett's contract, which carries a $27.845 million salary-cap hit in 2024. Meanwhile, the New Orleans Saints are restructuring contracts to manage their salary cap, with conversions and adjustments being made to create more cap space for the team.
Seahawks are converting Geno Smith's $9.6M roster bonus into a signing bonus, per @FieldYates Seahawks save $4.8M in 2024 cap space with this move 👏 https://t.co/UGXgbx4f0Z
#Seahawks BREAKING: No #GenoSmith Trade With New Contract Restructure? https://t.co/hH9QJvx9D3 via @All_SeahawksFN https://t.co/l9T4FQKUSt
Geno Smith: Restructures contract https://t.co/MWFKFcjd8j
https://t.co/KxgJRVhs20 has already updated Geno Smith's contract and notes the new cap hits for 2024 and 2025. As OTC also notes, this now brings Seattle to just about even with the 2024 cap. Seattle had been over the cap. All teams need to be at or under it by March 13. https://t.co/5dDj42MzH9
If I've done my math right, this brings Geno Smith's cap hit for this year down to $26.4 million from $31.2 million. https://t.co/7fChlxOzh1
Some really relevant Geno Smith contract news here.... https://t.co/oXoTApPrak
The #Saints converted $8.475M of Erik Mccoy's 2024 salary plus a $500,000 roster bonus into signing bonus, adding 1 void year, to free up $7.18M of cap space. New Orleans still needs to open up around $75M to become cap compliant this March. https://t.co/bfRxYTIgTW
Saints convert center Erik McCoy's salary and roster bonus to free up $7.18M in salary cap space, per @TomPelissero https://t.co/bS0f8msIoZ https://t.co/rULJuJsdAg
Saints adjust Erik McCoy's contract to push salary cap space to future years. https://t.co/10YZ3ZkhmM
The Saints began this month about $80M over projected salary cap, but they can push those costs into future years by doing these conversions with their top eight salaries. They can carve out $30M more in space with the next group of 8 veterans. (Not condoning, just explaining) https://t.co/AVrJ6Bstrq
The #Saints have begun their annual cap-clearing endeavor, converting Pro Bowl C Erik McCoy’s salary and roster bonus to free up $7.18 million in 2024 cap space.
The Seahawks could have a decision to make with receiver Tyler Lockett, whose contract is due to carry a $27.845 million salary-cap hit in 2024. https://t.co/NLzIdoF2iZ