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USA Today Sports Media Group
USA Today Sports Media Group
Sport
Zach Kruse

Packers restructure contract of CB Jaire Alexander, save $9.5M on salary cap

Jaire Alexander Packers Green Bay Packers

The Green Bay Packers restructured the contract of cornerback Jaire Alexander and saved almost $9.5 million on the salary cap in 2023, according to Ian Rapoport of NFL Network.

Alexander’s contract, signed last year, included a roster bonus of $11,450,000 in 2023, giving the Packers an easy lever to pull to create cap space. Converting the roster bonus into a signing bonus allowed the Packers to prorate the entire amount over the length of the contract, spreading out the cap hits over many years and lowering the cap hit in 2023.

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