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Packers Do The Expected By Creating Cap Relief

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In a widely expected move, the Packers generated cap space by using max-void year restructures on Jaire Alexander (good for $9.456M) and Preston Smith ($6.668M) to free up a total of $16.123M in additional cap space. Those moves, along with the max-void year restructure coupled with a $5M pay cut for Aaron Jones that generated $11.816M in cap savings, puts the Packers under the 2023 new league year salary cap limit. The team is only under the new salary cap limit by $5.5M or so, or just under $2M after the Packers issue a second-round tender to restricted free agent Yosh Nijman, another widely expected move.