Rapoport: Bengals restructure Joe Burrow's contract to create $10M in salary cap space 'The Insiders'
NFL Network Insider Mike Garafolo details the news as originally told by his colleague Ian Rapoport about the Cincinnati Bengals restructuring quarterback Joe Burrow's contract to create another ten million dollars of salary cap space.
Video Transcript
Back here on the Insiders, here's what's new today coming into the NFLLA newsroom.
Uh, how about the coalition of Ian Rapoport, Adam Schefter tag team, and the fact that Joe Burrow got a contract restructure that's gonna convert $10 million into a bonus to free up some cap space for the Cincinnati Bengals this year.
For more on that, let's welcome back NFL Network insider Mike Garafolo.
Mike, it's Joe Burrow gets some money now instead of later.
What's this do for the Bengals and why do it now?
He, he gets all his money.
When you say restructure, it's not a pay cut, nor would it ever be for a number one quarterback or franchise quarterback I should say here.
Uh, so this is just about the cap space that the Bengals needed after the Dexter Lawrence trade .
They were a little bit tight to the cap, so this gives them a little bit more breathing room.
Uh, you need some cap space to operate as you get throughout the season.
Now Burrows signed an extension a couple of years ago and they're.
Could be some movement on that in the next couple of years here.
Obviously he'll have another contract coming after this, so that helps to smooth out cap hits over the next couple of years as well.
But for now the Bengals just a minor tinker here uh as they create some salary cap space and then signed at least one of their draft picks today.
Uh, so again, you just need that room, that room to operate here.
It doesn't mean anything big is coming to Cincinnati by any stret.
