With the recent signing of Leonard Fournette, the Tampa Bay Buccaneers were dangerously close to a negative cap figure.
A restructure by Mike Evans will solve that problem, and it is the second time he has done so in as many years.
As first reported by Field Yates of ESPN, the restructured deal will give the Buccaneers $9.5 million in cap space, and some breathing room.
With roster movement upon us, three teams created notable 2020 cap space by converting a veteran’s base salary into a signing bonus, per source:
▪️Buccaneers: $9.5M created via Mike Evans
▪️49ers: $9.5M created via Dee Ford
▪️Steelers: $3.85M created via David DeCastro
— Field Yates (@FieldYates) September 5, 2020
This will allow Jason Licht to make some moves after the final 53-man roster is set, and possibly bring in more depth at a position of his choosing.
Terms of the restructure were not yet available. We will update this article when they are available.