According to ESPN’s Field Yates, the Dolphins have restructured OLB Bradley Chubb‘s contract, converting $13.75 million of his base salary into a signing bonus.
By doing this, Miami creates $11 million in cap space for 2024.
Chubb, 27, was the fifth-overall pick by the Broncos in the 2018 NFL Draft. He played out the fourth year of a four-year, $27.271 million fully-guaranteed rookie contract with the Broncos that included a $17.913 million signing bonus.
The Broncos decided to pick up his fifth-year option, which cost Denver $12.716 million for the 2022 season. He was set be an unrestricted free agent in 2023 when he was traded to the Dolphins midseason.
Miami promptly signed him to a new five-year, $110 million deal, which they restructured last offseason to create over $14 million in cap space.
In 2023, Chubb appeared in 16 games for the Dolphins, recording 68 total tackles and 11 sacks.
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