NFC Restructures: 49ers, Smith, Eskridge
The 49ers recently restructured the contracts of two offensive mainstays that cleared up a heap of cap space. According to ESPN’s Field Yates and Adam Schefter, both tight end George Kittle and fullback Kyle Juszczyk agreed to restructured contracts to help lessen their impact on the salary cap.
Charean Williams of NBC Sports provided us with some details on Kittle’s newly redone deal. The veteran tight end was set to have a base salary of $13.4MM with a cap hit of $21.96MM in 2024. Instead, the team converted $12.19MM of his base salary for 2024 into a signing bonus while adding one voidable year to the existing two already at the tail end of his contract. The move cleared up $9.75MM of space in the team’s salary cap.
While Schefter’s initial report claimed that the restructure for Juszczyk would free up approximately $1.75MM of cap space, a later report from Tom Pelissero of NFL Network laid out some details that would clear almost $4MM of cap space. The restructured deal will reportedly reduce his base salary in both 2024 and 2025, forming what is essentially now a two-year, $9.1MM contract. In exchange for the reduced pay, San Francisco gave Juszczyk $4MM of new guarantees.
Here are some details on other recent restructures from around the conference:
We reported a restructured deal for Vikings safety Harrison Smith about a week and a half ago, and thanks to Ben Goessling of the Star Tribune, we have some details on the new contract. The restructure addressed the final two years of Smith’s contract, essentially giving him a two-year, $10.25MM deal with three void years at the end of the contract. Smith received $7MM of guaranteed money in the form of a signing bonus and will receive a per game active bonus of $30K for a potential season-total of $510K. The new contract reduces Smith’s cap number in 2024 by $11.9MM and reduces his 2025 cap impact by $15.5MM.
The Seahawks cleared up some cap space by restructuring the contract of wide receiver D’Wayne Eskridge, according to Bob Condotta of the Seattle Times. It’s just a slight tweak for a player who was only slotted to make $1.47MM in the final year of his rookie deal. The restructure will open up about $500K of cap space for Seattle.
