Packers restructure Rasul Douglas’ contract to release $3.3M in wage cap house

The Inexperienced Bay Packers have lastly kicked the final little bit of wage cap cash down the highway with one final contract restructure. On Friday morning, ESPN’s Area Yates reported that the workforce has restructured the contract of cornerback Rasul Douglas, a transfer that clears an approximate $3.3 million in wage cap cash and shifts it into future years.

Douglas is coming into the second yr of a three-year, $21 million contract that he signed final offseason following his breakout efficiency over the second half of the 2021 season. The contract was set to pay him a $3.25 million base wage and a $2 million roster bonus on the finish of the day on Friday, making immediately the deadline to carry out that restructure.

The transfer seems to transform Douglas’ complete roster bonus and as a lot base wage as potential ($2.17 million) right into a signing bonus. It additionally provides three void years after the 2024 season to unfold that $4.17 million out over 5 years for wage cap functions. That comes out to a cost of $834,000 per yr, and with 4 years deferring to the long run, the cap financial savings for 2023 are $3.336 million.

Consequently, Douglas’ cap hit for 2023 will drop from $7,766,666 to $4,430,666, whereas his cap cost for 2024 will increase by that $834,000 to a complete of about $11.6 million. If he performs out his deal and his contract voids in 2025, the workforce will then take up $2.502 million in useless cash on that season’s cap.

For 2023, the extra $3.3 million in cap house will greater than cowl the cap cost for the brand new deal that cornerback and return man Keisean Nixon signed earlier this week. Cap analyst Ken Ingalls reported on Thursday evening that Nixon’s deal will value the Packers simply $2.52 million on the cap for the upcoming season because of incentives and 4 void years, which is able to unfold his $1.85 million signing bonus out considerably.

Douglas has been one of many largest surprises within the NFL over the previous two seasons following his arrival in Inexperienced Bay. Signed off the Arizona Cardinals’ follow squad halfway by means of the 2021 marketing campaign, Douglas has recorded 9 interceptions in 29 video games with the Packers, recording 13 move breakups in every of the 2021 and 2022 seasons. He began 12 of the workforce’s 17 video games in 2022, beginning out because the workforce’s main slot nook earlier than transferring again to his acquainted boundary cornerback place after an damage to starter Eric Stokes knocked him out for the rest of the season.

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