Packers Start Freeing up Cap Space with Contract Restructures

The Green Bay Packers are strapped for cash, and made a move on Wednesday to free up some space. Green Bay restructured the contract of defensive lineman Dean Lowry, which freed up $2.488 million in cap space.
According to Spotrac, the Packers are currently $18 mil over the cap, but just including their top 51, which is a more realistic representation meaning they have roughly $5.7 million in cap space.
The Packers restructured the contract of starting DL Dean Lowry, converting $3.11M of his $4.1M salary into a signing bonus, per source.
— Field Yates (@FieldYates) May 26, 2021
This creates $2.488M in cap space for Green Bay to make use of as needed for 2021.
Dean Lowry has been a reliable piece of the Packers' defensive line, playing in all 16 games the last four seasons and only missing one game in his five-year career. In 2020, Lowry had 36 tackles, 3.0 sacks and 4 quarterback hits.
While there's a lot of rumors swirling around the Packers about Aaron Rodgers, potential wide receiver trades and other roster moves, the fact remains, anywhere the Packers can free up space, they will need it.
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