Recapping 3 moves Packers made to save $23.2 million last week
The Green Bay Packers have expectedly been busy trying to get their 2022 salary cap in legal standing.
In the one week since they could officially start making moves, the Packers restructured three veteran contracts and there are more moves on the horizon. Green Bay still needs to clear a ton of cap space and you can expect them to do so with some cuts, extensions and possibly even more contract restructures.
We won’t look at future moves in this article, but let’s recap the three moves Green Bay did make last week that cut $23.2 million from their 2022 salary cap.
The Green Bay Packers restructured three veteran contracts last week to save the team $23.2 million on their 2022 salary cap.
Restructured Kenny Clark, saved $10.892 million
Green Bay kicked the offseason off by restructuring Kenny Clark’s contract. Clark has three years remaining on his deal and now has two void year added on top of that. By converting money into a signing bonus, the Packers were able to save a big chunk of money while keeping one of their best players. It’s a start.
Restructured Aaron Jones, saved $3.052 million
Aaron Jones was another obvious restructure, and the Packers did just that. Although it didn’t save nearly as much money as the other two moves on this list, it was still a necessary one as Green Bay needs every penny they can get their hands on.
Restructured David Bakhtiari, saved $9.264 million
Finally, the Packers restructured David Bakhtiari’s deal for the second time (they only signed him to the deal last December). This time, they were able to save another $9.264 million by converting his base salary and roster bonus into a signing bonus. Bakhtiari has a HUGE cap hit in future years of his deals which is concerning considering he’s on the wrong side of 30 and is coming off an ACL tear at the end of 2020 in which he wasn’t able to really return to play in 2021. He has a big summer coming up to see if he can get his knee healthy enough to play.
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The Packers undoubtedly have more moves in their back pocket and will continue to make noise this offseason. We’ll see which players they’re able to keep and which players they have to cut ties with.