Field Yates reports the Tennessee Titans created $11.2 million in cap space by converting $14 million of WR Julio Jones‘ base salary into a signing bonus.
The team also added two void years to Jones’ contract.
Jones, 32, was a first-round pick of the Falcons back in 2011. He was in the fifth year of his six-year, $81.432 million contract that includes $47 million guaranteed when he agreed to a three-year, $66 million fully guaranteed contract extension in 2019.
The Falcons traded Jones to the Titans with three years remaining on that deal. He was set to make a base salary of $15.3 million in 2021.
In 2020, Jones appeared in nine games for the Falcons and caught 51 passes for 771 yards receiving and three touchdowns.
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