The Cincinnati Bengals have restructured the contract of franchise quarterback Joe Burrow, a person familiar with the move told The Associated Press on Tuesday.
The person spoke to the AP on condition of anonymity because the move was not announced.
The restructured deal was first reported by ESPN and NFL Network.
Cincinnati gains around $10 million in cap space by spreading out some of his base salary over the final three years of the deal (2027 through
'29). Burrow signed a five-year, $275-million extension in 2023.
The Bengals found themselves low on cap space after acquiring defensive tackle Dexter Lawrence from the New York Giants before the NFL draft and signing him to a one-year extension worth $28 million.
Cincinnati is also trying to get some of its key players from its 2023 draft class still under rookie deal signed to extensions before the start of training camp. That group includes DE Myles Murphy, RB Chase Brown, and defensive backs Jordan Battle, DJ Turner and Dax Hill.
Burrow, the top overall pick in the 2023 draft, is going into his seventh season. He led the Bengals to a Super Bowl appearance in the 2021 season and the AFC championship game the following year, but Cincinnati has missed the playoffs the last three seasons.
Burrow played in only eight games last season. He suffered a turf toe injury in a Week 2 win over Jacksonville and was out until late November. He threw for 1,809 yards with 17 touchdowns and five interceptions that included three pick-6s.
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