{"id":152,"date":"2023-03-11T11:02:24","date_gmt":"2023-03-11T17:02:24","guid":{"rendered":"https:\/\/thekingandqueenpub.com\/chargers-restructure-contracts-to-create-40-million-in-salary-cap-space\/"},"modified":"2023-03-11T11:02:25","modified_gmt":"2023-03-11T17:02:25","slug":"chargers-restructure-contracts-to-create-40-million-in-salary-cap-space","status":"publish","type":"post","link":"https:\/\/thekingandqueenpub.com\/chargers-restructure-contracts-to-create-40-million-in-salary-cap-space\/","title":{"rendered":"Chargers Restructure Contracts to Create $40 Million in Salary Cap Space"},"content":{"rendered":"

The Los Angeles Chargers have solved their salary cap woes without having to release any formidable playmakers ahead of the new league year that starts on Wednesday, creating $40.37 million in salary cap space and enabling them to become salary cap compliant with $19 million in cap space.[0]<\/a><\/sup> This move allows the Chargers to keep together the pillars of a roster that the organization hopes can challenge in the AFC West and make a deep playoff run.[0]<\/a><\/sup><\/p>\n

The Chargers restructured the contracts of edge rushers Joey Bosa and Khalil Mack and receivers Keenan Allen and Mike Williams, a league source told ESPN's Field Yates.[0]<\/a><\/sup> The reworked deals for Bosa and Mack created $25.99 million, while the restructuring of Allen's and Williams' deals earlier this week created $14.37 million in space.[1]<\/a><\/sup> The Chargers are compliant with the salary cap, however they are still open to making changes to the roster in order to address their needs during free agency.[2]<\/a><\/sup><\/p>\n

Tom Telesco, the general manager for the Chargers, has dismissed speculations that the team would be looking to part ways with Keenan Allen during the offseason.[1]<\/a><\/sup> If Telesco was not considering moving on from Allen this offseason then he likely is not going to move on from Allen next year with an $11.6 million dead cap hit.[3]<\/a><\/sup> Regarding Williams, if he were to be released, the Chargers would take on a $12.4 million dead cap hit, yet they would still save $20 million.[3]<\/a><\/sup><\/p>\n

Similarly, the Chargers are on the clock to sign Justin Herbert to a blockbuster deal, with the quarterback now eligible for an extension as he prepares for the fourth season of a five-year rookie deal.[0]<\/a><\/sup><\/p>\n

Allen, a third-round pick in 2013, is entering his 11th NFL season.[4]<\/a><\/sup> He has amassed 796 receptions for 9,287 yards and scored 52 touchdowns in his career.[4]<\/a><\/sup> In terms of franchise history, he is second in receptions, third in receiving yards, and fourth in touchdown catches.[4]<\/a><\/sup><\/p>\n

Right tackle Trey Pipkins III is expected to be re-signed by the Bolts, however, safety Nasir Adderley and linebacker Drue Tranquill, both of whom are scheduled for free agency, are not expected to be retained.[0]<\/a><\/sup><\/p>\n

Ultimately, the restructuring of Allen, Williams, Bosa, and Mack's contracts gave the Chargers the much-needed cap space to remain competitive in the AFC West.<\/p>\n

0. <\/span>“Sources – Chargers save $40M in cap space with reworked deals” ESPN, 11 Mar. 2023, https:\/\/www.espn.com\/nfl\/story\/_\/id\/35835340\/sources-chargers-rework-joey-bosa-khalil-mack-deals-save-26m<\/a><\/p>\n

1. <\/span>“Report: Joey Bosa, Khalil Mack Restructure Chargers Contracts Ahead of Free Agency” Bleacher Report, 9 Mar. 2023, https:\/\/bleacherreport.com\/articles\/10068429-report-joey-bosa-khalil-mack-restructure-chargers-contracts-ahead-of-free-agency<\/a><\/p>\n

2. <\/span>“Sources: Chargers save $40M in cap space with reworked deals” ABC News, 11 Mar. 2023, https:\/\/abcnews.go.com\/Sports\/sources-chargers-save-40m-cap-space-reworked-deals\/story?id=97788556<\/a><\/p>\n

3. <\/span>“Chargers restructure Keenan Allen and Mike Williams, what it means” Bolt Beat, 9 Mar. 2023, https:\/\/boltbeat.com\/posts\/chargers-news-restructure-keenan-allen-mike-williams-means<\/a><\/p>\n

4. <\/span>“Chargers restructure WR Keenan Allen's contract to save $9M” Hastings Tribune, 9 Mar. 2023, https:\/\/www.hastingstribune.com\/sports\/chargers-restructure-wr-keenan-allens-contract-to-save-9m\/article_24fc35bd-8ebd-58c0-a9d0-dd3e51b2ab2c.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Los Angeles Chargers have solved their salary cap woes without having to release any formidable playmakers ahead of the new league year that starts on Wednesday, creating $40.37 million in salary cap space and enabling them to become salary cap compliant with $19 million in cap space.[0] This move allows the Chargers to keep […]<\/p>\n","protected":false},"author":2,"featured_media":151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/posts\/152"}],"collection":[{"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":1,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":153,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/posts\/152\/revisions\/153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thekingandqueenpub.com\/wp-json\/wp\/v2\/tags?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}