Report: Rams free up $20M with two restructured deals
The Los Angeles Rams restructured the contracts of cornerback Jalen Ramsey and wide receiver Robert Woods to free up $20 million in cap space, NFL Network reported Tuesday.
Further, the Rams are working to restructure the contracts of Aaron Donald and wide receiver Cooper Kupp, moves that will get the Rams under the $182.5 million salary cap before the new league year hits Wednesday.
The Rams saved $12 million on Ramsey’s $100 million extension he signed last September. The team converted $15 million of Ramsey’s 2021 salary into a bonus. The team did the same with Woods, converting $10 of his salary for this season into a bonus, saving $8 million.
Donald’s cap hit is at $27.9 million and Kupp’s is $14.5 million as it stands, ahead of restructuring.
The team also agreed to a four-year, $64 million extension with OLB Leonard Floyd.
–Field Level Media
