Joe Burrow, the Cincinnati Bengals' star quarterback, is open to altering his lucrative contract to help his team navigate salary cap constraints. Burrow's five-year, $275 million extension, signed in 2023, is the largest on the Bengals' roster and significantly impacts their cap space. Projections show Burrow's contract will account for a $46.3 million cap hit in 2025, while the Bengals are expected to have $45.9 million in cap space that year.
The NFL salary cap for 2024 increased by $30 million per team, reaching $255.4 million, thanks to media revenue and deferred money repayment. Burrow expressed optimism about further increases in the salary cap in upcoming years. However, the Bengals must address the current situation by restructuring Burrow's contract to free up space.
Burrow has suggested converting a portion of his salary into a signing bonus to reduce his cap hit.
"You could convert some of the money to a signing bonus, which will lower the cap hit," said Joe Burrow.
This adjustment could enable the Bengals to secure key players with long-term deals. Wide receivers Ja'Marr Chase and Tee Higgins are seeking lucrative extensions, while defensive end Trey Hendrickson wants a new contract after leading the league in sacks.
During his recent media appearances at Super Bowl LIX, Burrow praised the Philadelphia Eagles for their adept handling of the salary cap. He noted that "The Eagles are paying everybody," highlighting their successful strategy in managing player contracts while maintaining a competitive roster.
Burrow's willingness to restructure his contract underscores his commitment to the team's success. By pursuing this option, he aims to provide the Bengals with the financial flexibility needed to retain and recruit talent essential for future championship runs.
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