The Tennessee Titans made the move we all expected them to and re-worked the contract of quarterback Ryan Tannehill in order to fit Julio Jones’ $15.3 million 2021 cap hit in.
The Titans converted Tannehill’s base salary into bonus money that will be spread out and paid over the next few seasons, freeing up $15.6 million immediately. He won’t make a penny less over the entire course of the deal.
The downside of this is Tannehill will now have a bigger cap hit in 2022 and 2023. The good news is that the salary cap is expected to increase moving forward.
According to Spotrac, the signal-caller’s 2021 cap hit goes down from $29.5 million to just $13.8 million, but his cap hits for 2022 and 2023 are both enormous, coming in at $41.8 and $39.8 million, respectively.
If the Titans want to get out of Tannehill’s contract before it runs out after 2023, they’d incur a huge dead cap hit of $54.6 million next year or $12.8 million should they decide to part ways in 2023.
Ryan Tannehill’s cap hits & dead cap figures w/ the #Titans after the recent restructure:
2021: $13.8M ($68.5M)
2022: $41.8M ($54.6M)
2023: $39.8M ($12.8M)https://t.co/4iASV3jjZu
— Spotrac (@spotrac) June 8, 2021
Those figures might be daunting, but this is what it looks like when a team goes all in like the Titans are doing right now.
We’ll take the trade-off all day everyday, and twice on Sunday.