The Green Bay Packers are not done restructuring player contracts to free up cap space.
Yesterday, they created $10.892 million in cap space by restructuring nose tackle Dennis Kelly‘s contract by converting $13.615 million of his salary into a signing bonus.
The Packers also added two voidable years to stretch the effect of his cap hit.
Now, they free up more cap room through running back Aaron Jones, as shown by this tweet by ESPN’s NFL reporter Field Yates.
The Packers have created $3.08M in 2022 cap space by converting $3.85M of RB Aaron Jones' 2022 compensation into a signing bonus and adding two void years, per source.
Green Bay has now created nearly $14M in cap space over the past two days, with more moves ahead.
— Field Yates (@FieldYates) February 24, 2022
Yates shared, “The Packers have created $3.08M in 2022 cap space by converting $3.85M of RB Aaron Jones’ 2022 compensation into a signing bonus and adding two void years, per source. Green Bay has now created nearly $14M in cap space over the past two days, with more moves ahead.”
Any significant amount of cap room that the Packers could clear would help them re-sign wide receiver Davante Adams to a long-term deal.
Packers general manager Brian Gutekunst said that they wouldn’t want to tag Adams if possible and want to finalize a new contract instead.
Likewise, the Packers badly needed the wiggle room financially if they are to extend reigning MVP Aaron Rodgers.
His latest achievements will merit him compensation that is higher than what he’s earning now.
More Moves To Come For Green Bay
The Packers are chipping away from their deficit to stay under the cap and make roster moves that will make them a more formidable squad.
It’s a good sign that Rodgers had positive discussions with Gutekunst days after the 2021 season ended.
Taking into account his recent appearance on the Pat McAfee Show, it seems like he’s leaning towards a return to Green Bay.
However, the chances of that happening will increase if the team could upgrade in other spots like the defensive line and tight end.