Detroit Lions restructure Carlton Davis’ contract to create $4.5 million more in cap space
It’s not the multi-year extension new Detroit Lions cornerback Carlton Davis III said he was open to after his trade from the Tampa Bay Buccaneers, but the Lions are tweaking Davis’ contract for cap purposes.
The Lions converted $6 million of Davis’ $14 million base salary for 2024 into a signing bonus and added three void years to the end of his contract, according to NFL Players Association records.
The changes, first reported by OverTheCap.com, lower Davis’ cap hit from $14.3 million to $9.8 million this fall. Signing bonuses are prorated over the life of the contract for cap purposes, so the bonus counts $1.5 million against the cap this year. This will leave the Lions with $4.5 million in dead cap if they don’t extend the cornerback before the end of the season.
REACTION:Lockdown corner? Let’s slow down on Detroit Lions new DB Carlton Davis III
The 27-year-old Davis told the management that he is “definitely open” to a long-term deal to stay in Detroit during his inaugural news conference last week. The last year of his current deal is about to begin.
He remarked, “But it’s still early.” “I recently arrived here. I would adore signing up here. Before I talk about an extension, I really want to get my feet wet and enter the building. However, this is a fantastic organization that is growing, so I would love to be a part of a dynasty where we can go on to win numerous championships over the coming years.”
READ MORE: D.J. Reader of the Lions is “extremely excited” to play alongside Alim McNeill and mentor Brodric Martin
Before taking into consideration the arrival of free agent D.J. Reader and the re-signings of receiver Donovan Peoples-Jones and cornerback Khalil Dorsey, whose contracts have not yet been submitted to the NFLPA, the Lions have roughly $28 million in salary room.
Marcus Davenport signed a one-year free agent contract with the Lions, which included a vacant year at the end to reduce his 2024 salary budget impact.