Dolphins restructure Tyreek Hill’s contract for cap space

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The Dolphins have made a move to free up some money before the start of the new league year next week.

ESPN’s Adam Schefter reports Miami has restructured receiver Tyreek Hill‘s contract to save the team $18 million against the cap.

To do it, the Dolphins converted Hill’s $10 million roster bonus and $16 million salary into a $24.835 million bonus and a $1.165 million salary.

Hill was traded from the Chiefs to the Dolphins last March and signed a four-year contract extension worth a reported $120 million with $72.2 million guaranteed.

In his first season with Miami, Hill set new career highs with 119 catches and 1,710 yards. He also had seven receiving touchdowns and a rushing touchdown.

15 responses to “Dolphins restructure Tyreek Hill’s contract for cap space

  1. Probably not a good sign when you’re restructuring contracts that aren’t even a year old and you haven’t even had to pay your QB yet

  2. mantastic54 says:
    March 10, 2023 at 10:45 am
    Probably not a good sign when you’re restructuring contracts that aren’t even a year old and you haven’t even had to pay your QB yet

    —————–

    Absolutely. Grier is a complete moron.

  3. This is exactly why comments are always wrong about this or that team being in “cap hell”. There is always an avenue to maneuver around the cap. The old “kicking the can down the road” mantra is also incorrect. The methods to get under the cap can be used every year.

  4. mantastic54 says:
    March 10, 2023 at 10:45 am
    Probably not a good sign when you’re restructuring contracts that aren’t even a year old and you haven’t even had to pay your QB yet
    ____________

    Many times contracts are structured so that they can be restructured as needed . This is not a bad sign, it is smart business.

  5. No surprise that the team that was caught tampering and losing games on purpose is also trying to cheat the salary cap!

  6. Chubb, Armstead, and now Hill. I would seriously like to see an article that lays out the ramifications of these restructurings. You’ve covered the short term benefits of converting salaries to signing bonuses so they can be stretched out over the life of the contract, but you haven’t addressed the downside of doing this. If it was always a benefit to do this, then why weren’t the contracts set up this way in the first place?

  7. ghjjf says:
    March 10, 2023 at 11:11 am
    No surprise that the team that was caught tampering and losing games on purpose is also trying to cheat the salary cap!

    Every team maneuvers around the salary cap. This isn’t unlike what the Browns just did with Watson’s cap, it is termed a restructure but the dollars don’t change only the way they are applied against the cap changes. So instead of a huge salary and concurrent cap hit, Miami in this case and the Brown’s with Watson, but converted the dollars into bonuses to allocate them out to future years. That isn’t cheating it is restructuring the payment terms!

  8. Someone touched on it previously: The high-end contracts Miami are restructuring for Hill, Chubb & Armstead and possibly more players are fine for now but kicking the contract can down the road could possibly put the Fish into a complete bargain basement type roster in 5 years and back to cellar of the AFC-EAST.

  9. An almost 25 million dollar bonus?

    Tyreek still cleaning up on his wholly enamored new employers.

  10. I love how people throw around the term “cap hell” when we’ve actually never seen it. The Rams were supposed to have it. Pats are supposed to have it after signing all the players they did a couple seasons ago. The Seahawks are the same. None of them seem to suffer from it. There’s so many loopholes for these teams to get under the cap. It’s no issue. Restructures happen every off-season from every team. It’s part of the business.

  11. steppinginpilesofrexryan says:
    March 10, 2023 at 12:26 pm
    Someone touched on it previously: The high-end contracts Miami are restructuring for Hill, Chubb & Armstead and possibly more players are fine for now but kicking the contract can down the road could possibly put the Fish into a complete bargain basement type roster in 5 years and back to cellar of the AFC-EAST.
    ____________

    There is no such thing as kicking the can down the road. Contracts can always be restructured, it happens every year. Additionally, in five years the Dolphins and every other team’s rosters will be vastly different, thus their cap situations will likewise be vastly different. None of Chubb, Armstead, and Hill will be with the Dolphins in five years .

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