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Browns restructure yet another contract, clear $10 million in cap space

The Cleveland Browns have done it again, clearing an additional $10 million in cap space by restructuring the contract of new wide receiver Jerry Jeudy.

This was alluded to early this week by Browns Wire after the trade was made as all of Jeudy’s 2024 cap hit was base salary. This gave the Browns the giant opportunity to take $10 million of that cap hit and convert it to a bonus to pay to Jeudy upfront. His cap hit now drops to just $2.987 million on the season.

This comes after the first wave of free agency where the Browns traded for Jeudy, retained Za’Darius Smith, Maurice Hurst, Shelby Harris, and more, and even added a few players like linebackers Jordan Hicks and Devin Bush.

As free agency continues, this gives general manager Andrew Berry quite a bit of wiggle room to play around with as the offseason is still young. It also gives Berry the breathing room to cover some of the deals he has already agreed to as well.

Story originally appeared on Browns Wire