Packers restructure contract of S Darnell Savage, create $5.5 million of cap space
The Green Bay Packers restructured the contract of safety Darnell Savage and created a little under $5.5 million in cap space in 2023, according to Field Yates of ESPN.
Savage, a first-round pick in 2019, was set to enter the 2023 season on the fifth-year option worth $7.9 million. The restructure drops his cap hit to roughly $2.4 million.
Per Rob Demovsky of ESPN, the Packers reduced Savage’s base salary to $1,080,000 in 2023 by converting base salary into signing bonus and added four void years to the deal. The deal voids following the 2023 season and adds dead money equal to the cap savings onto the 2024 cap, although the Packers and Savage could eventually come up with a new, long-term deal next summer.
Savage’s play took another step back in 2022 and he was benched midseason in favor of Rudy Ford. The Packers are expecting him to move back to safety, where he could start again in 2023.
Restructuring Savage’s deal created the cap savings necessary to extend the contract of quarterback Jordan Love, who got an extra year added to his deal on Tuesday.
Packers sign QB Jordan Love to contract extension through 2024