The Carolina Panthers restructured running back Christian McCaffrey's contract to create $5.5 million in salary-cap space, per Tom Pelissero of NFL Network.
McCaffrey signed a four-year, $64 million extension with the Panthers in April 2020. His contract runs through 2025.
Jason Fitzgerald of Over the Cap provided more information:
Jason_OTCPeer <a href="https://twitter.com/TomPelissero?ref_src=twsrc%5Etfw">@TomPelissero</a> the <a href="https://twitter.com/hashtag/Panthers?src=hash&ref_src=twsrc%5Etfw">#Panthers</a> have restructured CMC's contract again. In the last three years they have prorated $35.9M on his contract. Hes played 10 games in the last two years. Should be $18M dead in 2023<a href="https://t.co/ty3ArGVgxq">https://t.co/ty3ArGVgxq</a>
Carolina had $23,516,921 in effective cap space before the move, per Over the Cap.