The Green Bay Packers have restructured the contract of defensive lineman Dean Lowry, according to Field Yates of ESPN. The Packers converted $1.5 million of Lowry’s base salary in 2022 into a signing bonus, creating $1.1 million in additional cap space.
Converting base salary to a signing bonus will increase Lowry’s dead cap number in 2023.
Per Ken Ingalls, a CPA and close follower of Green Bay’s financial status, the move may mean the team is working on an extension for a player so they can fit another signing bonus onto this year’s salary cap.