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8mo ago

Browns Restructure Deshaun Watson's Contract, Freeing Up $35.8M in Cap Space

The Cleveland Browns have adjusted Watson's deal for the third consecutive year, aiming for short-term financial flexibility while facing long-term cap challenges.

Cleveland Browns quarterback Deshaun Watson smiles as he takes the field before an NFL preseason football game against the Minnesota Vikings at Cleveland Browns Stadium, Saturday, Aug. 17, 2024, in Cleveland, Ohio.
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Overview

  • Watson's base salary was converted into a signing bonus, reducing his 2024 cap hit significantly.
  • The restructuring creates $62 million in cap space for 2024, the highest in the NFL.
  • Watson's future cap hits in 2025 and 2026 will spike to $72.9 million each.
  • The Browns plan to roll over much of the 2024 cap space to manage future financial obligations.
  • Watson has played only 12 games over two seasons due to suspension and injury.