Bills restructure Jordan Poyer’s contract to create cap space
The Buffalo Bills reworked the contract of safety Jordan Poyer in an effort to create some more cap space prior to the start of the 2021 NFL season.
According to ESPN‘s Field Yates, the Bills converted part of Poyer’s salary into a bonus. That helped create $2.6 million in cap space for this year:
The Bills converted $5.2M of S Jordan Poyer's base salary into a signing bonus, creating $2.6M in cap space.
The Packers converted $1.213M of CB Chandon Sullivan's salary into a signing bonus, creating $970,400 in cap space (adding 4 void years).
In-season roster management.
— Field Yates (@FieldYates) September 11, 2021
In switching things around, the Bills drop Poyer’s cap hit from $7.85 million to $5.25M in 2021. Some of that restructure also goes toward his contract next season.
Instead of Poyer having a $10.3M hit in 2022, it’s now down to $7.7M.
According to Spotrac, the Bills now have $3.4M in cap space which is still amongst the lowest in the NFL at a ranking of 25th.
Still, the Bills previously only had around a $1M worth of cap space prior to the move.
Throughout the offseason due to the drop in the NFL’s salary cap because of COVID-19, Bills general manager Brandon Beane has restructured the contracts of multiple players to create cap space. Other players who reworked their deals include center Mitch Morse and wide receiver Stefon Diggs.
