Detroit Lions restructure contract of Carlton Davis III
According to a report from Over The Cap, the Detroit Lions have freed up some cap space by restructuring the contract of CB Carlton Davis III. Jason Fitzgerald of Over The Cap is reporting that the restructuring of Davis’ contract will save the Lions $4.5 million in cap space.
Why it Matters
When the Lions initially acquired Carlton Davis from the Tampa Bay Buccaneers, they took on his substantial $14 million salary which included a cap hit of $14.35 million. At the time, we suggested that the contract would likely be restructured and that is exactly what has happened.
Here is what the new contract looks like. As you can see, the cap hit for 2024 went from $14.35 million down to $9.85 million.
| Year | Age | Base Salary | Prorated Signing Bonus | Per Game Roster Bonus | Cap Number | Cap % | Dead Money | Cap Savings |
|---|---|---|---|---|---|---|---|---|
| 2024 | 28 | $8,000,000 | $1,500,000 | $500,000 | $9,852,941 | 3.8% | $6,000,000 | $3,852,941 |
| 2025 | 29 | Void | $1,500,000 | Void | $4,500,000 | 1.7% | $4,500,000 | $0 |
| 2026 | 30 | Void | $1,500,000 | Void | $0 | 0.0% | $3,000,000 | ($3,000,000) |
| 2027 | 31 | Void | $1,500,000 | Void | $0 | 0.0% | $1,500,000 | ($1,500,000) |
Total: Base Salary: $8,000,000, Prorated Signing Bonus: $6,000,000, Per Game Roster Bonus: $500,000, Cap Number: $14,352,941
TL;DR (too long didn’t read)
- Cap Space Freed: The Detroit Lions have restructured CB Carlton Davis III’s contract, freeing up $4.5 million in cap space, as reported by Jason Fitzgerald of Over The Cap.
- Original Contract: When acquired from the Tampa Bay Buccaneers, Davis’ contract had a $14 million salary with a $14.35 million cap hit.
- Restructured Contract: The restructuring has reduced the cap hit for 2024 from $14.35 million to $9.85 million.
Bottom Line
The Detroit Lions’ strategic move to restructure Carlton Davis III’s contract has significantly alleviated their financial burden for the upcoming season. By reducing his cap hit from $14.35 million to $9.85 million, the Lions have gained a crucial $4.5 million in cap space, which could be pivotal in enhancing their roster and maintaining financial flexibility for future signings and contract negotiations.
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