The Cleveland Browns have reportedly worked out a new deal with veteran defensive end Olivier Vernon.
The renegotiated contract, which provides Vernon with $11 million in guaranteed money, was first reported by ESPN’s Field Yates:
The Browns and DE Olivier Vernon have agreed to a renegotiated contract, per source. Vernon, previously due $15.25M non-guaranteed, gets $11M guaranteed through a $7M signing bonus, $3.75M base salary and a $250K workout bonus, plus $2M more available via incentives.
— Field Yates (@FieldYates) July 7, 2020
The restructured deal also includes an agreement that the Browns will not tag Vernon, which means he will be a free agent after the upcoming season, according to NFL Network’s Tom Pelissero:
The #Browns and Olivier Vernon agreed to a restructured contract that fully guarantees him $11 million this year — including a $4M signing bonus and $6.