Per Spotrac, the Jaguars are restructuring CB Greg Newsome II’s contract by converting his base salary into a signing bonus and adding four void years for $7 million in 2025 cap space.
The Jaguars now have around $12 million in cap space to work with for the upcoming trade deadline.
Newsome, 25, was a three-year starter at Northwestern and a first-team All-Big Ten selection as a junior. He declared for the 2021 NFL Draft after his junior season and was selected by the Browns with the No. 26 pick.
He played out the fourth year of a four-year, $12,748,736 with the Browns that included a $6,631,808 signing bonus. The Browns picked up his fifth-year option for the 2025 season worth $13.377 million fully guaranteed.
He was traded to Jacksonville with a 2026 sixth-round pick in exchange for CB Tyson Campbell and a 2026 seventh-round pick.
In 2025, Newsome has appeared in six games for the Browns and Jaguars and recorded 23 tackles, no interceptions and three pass defenses.
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