The first NFL Sunday kicks off in just under two hours. As first reported by ESPN’s Adam Schefter, the Detroit Lions and quarterback Matthew Stafford announced a restructuring of his contract. The Lions converted $7.8 million of his base salary into a signing bonus. Because of the restructuring Stafford receives all of that guaranteed money in the event that any games are cancelled this season.
Lions’ QB Matthew Stafford restructured his contract this week, converting his $7.8 million base salary into signing bonus, per source.
Here's the thinking: the Lions get cap relief and Stafford gets the guarantee of that money in the event any games are cancelled due to COVID.
— Adam Schefter (@AdamSchefter) September 13, 2020
The Lions have the eighth most cap space for 2020, with over $25 million. The scenario in creating cap space can be two-fold.
- A salary cap drop in the 2021 season
- Kenny Golladay is due for a payday
The surplus of cap space could be for a “playing it safe” approach for the expected cap downsizing, or it could be to put down an offer to sign Golladay to a lengthy contract.