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Matthew Stafford restructures contract

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Matthew Stafford restructures contract

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.

The Lions have the eighth most cap space for 2020, with over $25 million. The scenario in creating cap space can be two-fold.

  1. A salary cap drop in the 2021 season
  2. 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.

 

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