The Bills need cap space. Last week, they cleared nearly $40 million the hard way. Today, they added another $16.7 million with the stroke of a pen.
Via Field Yates of ESPN.com, the Bills restructured the contract of quarterback Josh Allen. The move reduces his cap number from $47.056 million to $30.356 million.
Obviously, the Bills will have to deal with the $16.7 million in the future. And it won’t get any easier next year, with his cap number for 2025 now at $60.7 million.
At some point, Allen will need a new deal. His current contract averages $43 million annually, and his cash payout for 2024 is $30 million. As one of the top two or three players in the league, he’ll need an adjustment sooner than later.