Patriots continue freeing up cap space with a reworked deal
The New England Patriots reworked their deal with injured safety/special-teamer Cody Davis in hopes of generating more cap space to finish out the 2022 season.
According to ESPN’s Mike Reiss, the team freed up around $250,000 in cap space, which puts their overall amount at about $2 million.
Davis went down with a season-ending knee injury in the Patriots’ Week 6 victory over the Cleveland Browns. He was playing on an expiring contract, and he clearly wasn’t going to earn his roster bonuses.
So the two sides came together in hopes of providing some cap relief for the team in the second half of the season.
From the financial side: The Patriots and S Cody Davis agreed to a slightly-reworked deal that created about $250K in cap space. No new years were added to the deal, as Davis is still a free agent after this season.
Patriots now with about $2m in cap space.
— Mike Reiss (@MikeReiss) November 15, 2022
Over the Cap is projecting the Patriots to have the third-most cap space in the league in 2023. That could be the year where the team ultimately opts to go all-in on a spending spree.
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