The Denver Broncos trading wide receiver Jerry Jeudy to the Cleveland Browns for a pair of late-round picks makes even more sense after seeing the contract extension Jeudy just received.
In addition to improving their draft capital, the Broncos also freed up $12.987 million in 2024 salary cap space when they traded Jeudy to the Browns last week. Cleveland promptly gave the receiver a three-year extension through the 2027 season, the team announced Tuesday.
The three-year extension is worth “up to” $58 million, according to NFL Netowrk’s Ian Rapoport, and it includes $41 million fully guaranteed. Knowing that was the kind of contract Jeudy was seeking, it’s no surprise that Denver traded the receiver instead of attempting an extension.
If Jeudy managed to max out the full $58 million through incentives, he would average about $19.33 million per year in Cleveland. The Broncos were never going to give him that kind of deal.
Jeudy gets a fresh start in Cleveland with a big payday and Denver gets more salary cap space for 2025 and beyond.
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