Report: Teddy Bridgewater’s contract restructured to facilitate trade
The Broncos traded for Teddy Bridgewater but not before altering his contract.
The restructure of Bridgewater’s deal eliminates the final year and $21 million of his contract in 2022, Mike Klis of 9News reports. The Panthers and Broncos also will split in some way the $10 million base guarantee for this season.
Bridgewater had $10 million guaranteed on a $17.95 million payout for this year.
He will make $11.5 million this season, a source tells PFT.
The Broncos and Panthers began trade talks in March, but his contract made a deal complicated. Finally, the teams and Bridgewater’s representation reached agreement on something that works for everyone.
It gives Bridgewater a chance to leave a place that replaced him to a place where he has a chance to start.
Bridgewater started 15 games in Carolina last season, completing 69.1 percent of his passes, with 15 touchdowns and 11 interceptions.
UPDATE 2:21 P.M. ET: Mark Maske of The Washington Post reports Carolina will pay $7 million of the guaranteed money owed Bridgewater for 2021 while Denver will pay $3 million.