Raiders restructure contract of WR Jakobi Meyers, save $3.13M in cap space

The Raiders will kick off practice soon as they get ready for the 2023 NFL season. But before they do that, the front office made a few moves to get ready for the upcoming season.

Over the last few days, they’ve signed Marcus Peters to a one-year and brought back veteran defensive tackle Isaac Rochell. And according to Field Yates of ESPN, they have now restructured the contract of newly-signed wide receiver Jakobi Meyers.

Meyers signed a three-year deal this offseason worth $33 million, which was widely considered a bargain in free agency. Now, the Raiders have moved some of that money around, opening up $3.13 million in cap space for the 2023 season.

As Yates mentioned, some of that money will be used to help with the signing of Peters. But this is a move that frees up space for the Raiders to have some flexibility during the year to sign street free agents if needed.

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Mike McNamara

Mike McNamara

A Las Vegas Realtor since 2008. Mike has a wide range of knowledge around all things Las Vegas.

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