Chargers fans woke up to some great news on Thursday morning as NFL insider Field Yates reported that the team has restructured the contracts of both Keenan Allen and Mike Williams ahead of next week’s start to free agency. The move frees up $14.3775 million in cap space and the team now sits $8,694,948 over the cap.
The restructure also means that Allen and Williams hold 2024 cap hits of $34,717,500 and $32,460,000, respectively. That obviously won’t be the case a year from now and the Chargers will have to make some tough decisions once again when that time comes.
The Chargers restructured WRs Keenan Allen’s and Mike Wiliams’ deal, creating $14.3775M in cap space.— Field Yates (@FieldYates) March 9, 2023
The Dolphins restructured OLB Bradley Chubb’s deal, creating $14.656M in cap space.
The Panthers restructured OT Taylor Moton’s deal, creating $11.013M in cap space.
With the Chargers now much closer to getting their cap situation in the green, expect another move to be made in the coming days. Right now, Matt Feiler getting cut seems like the next logical move as the move would save $6.5 million immediately. The Bolts are also big fans of some of the guards in the upcoming class so I’d expect a Feiler replacement coming via Jamaree Salyer sliding in or the team grabbing a mid-round prospect in this year’s draft.