According to a report from Jason Fitzgerald of OverTheCap.com, the Seattle Seahawks have restructured the contract of right guard Gabe Jackson in order to free up cap space for the remainder of the 2022 season.
For those curious about how the team created that cap space, they did so by converting the maximum allowable amount of his remaining 2022 base salary into signing bonus. The math behind the conversion is laid out below.
Prior to the restructure, contract Jackson signed after being acquired from the Las Vegas Raiders in 2021 had a base salary of $6,000,000, or $333,333 per week for each of the 18 weeks of this season.