Lon Horwedel-USA TODAY Sports

Browns Restructure New Wideout Jerry Jeudy's Contract, Save $10 Million

Originally posted on Cleveland Browns on SI
By Spencer German | Last updated Mar 15, 2024 11:32 AM ET

Jerry Jeudy has yet to play a snap for the Browns, but he's already helping the team.

On Friday, Jeudy agreed to a contract restructure that will free up $10 million in cap space for Cleveland. The ex-Broncos wideout was due to make nearly $13 million in 2024, all of which came in the form of his base salary number. The $12.9 million figure makes up the fifth-year option year of his rookie deal after being selected No. 15 overall by Denver in 2020.

The Browns restructured the contract of newly-acquired WR Jerry Jeudy to create north of $10M in 2024 cap space.

The 49ers restructured the contract of TE George Kittle, also creating close to $10M in 2024 cap space.
— Field Yates (@FieldYates) March 15, 2024

Jeudy joins Jedrick Wills and Denzel Ward on a short list of Browns players who have agreed to restructures to help the team this offseason. In Jeudy's case, Berry converted all but $1.125 million of the wideout's base salary for next season into a restructure bonus. The remaining $11.8 million in bonus money was then spread out over the course of five years, four of which are currently voided years after Jeudy's contract expires next season.

This article first appeared on Cleveland Browns on SI and was syndicated with permission.

More must-reads: