Packers restructure Chandon Sullivan’s contract, create almost $1M in cap space
The Bills converted $5.2M of S Jordan Poyer's base salary into a signing bonus, creating $2.6M in cap space.
The Packers converted $1.213M of CB Chandon Sullivan's salary into a signing bonus, creating $970,400 in cap space (adding 4 void years).
In-season roster management.
— Field Yates (@FieldYates) September 11, 2021
The Green Bay Packers created almost $1 million in salary cap space for the 2021 regular season by restructuring the contract of cornerback Chandon Sullivan.
According to Field Yates of ESPN, the Packers converted a little over $1.2 million of Sullivan’s base salary into a signing bonus and added four void years to his one-year deal, creating roughly $970,000 in cap space.
Sullivan, now in his third season with the Packers, is expected to play a lot of snaps in the slot in 2021.
This salary cap trick – converting salary into bonus and adding void years – has been used by the Packers and many other NFL teams to create cap space over the last few months.
The Packers will pay the proration of Sullivan’s signing bonus on the 2022 cap when the contract expires following the 2021 season.
Sullivan signed a one-year restricted tender to return to Green Bay. The deal was worth $2,133,000 in base salary and had a cap hit of $2,133,000. His new cap hit in 2021 will be around $1.16 million.
