CINCINNATI — The Cincinnati Bengals have reportedly restructured quarterback Joe Burrow’s record five-year, $275 million contract.
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ESPN’s Adam Schefter and NFL Network’s Ian Rapoport have reported that with the restructuring, the Bengals will free up $10 million in salary cap room.
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“This is due in part to the cash needed for the Dexter Lawrence trade,” both NFL insiders said on social media.
As our news partners WCPO reported, Lawrence signed a contract extension after being traded to Cincinnati from the New York Giants, keeping him with the team through the 2028 season. As part of the deal, the three-time Pro Bowler is getting $28 million.
Details of Burrow’s new restructured contract have not been revealed at this time.
Insiders added that it allows the organization to operate without putting itself in a tough spot in terms of cap space.
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