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Source: Browns restructure Deshaun Watson's deal, create cap space

Related Topics: Deshaun Watson, Cleveland Browns

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BEREA, Ohio -- The Cleveland Browns have restructured quarterback Deshaun Watson's contract, a league source told ESPN's Field Yates, in a move that creates $35.832 million in salary cap space.

Cleveland converted $44.79 million of Watson's $46 million 2024 base salary into a signing bonus, the source told Yates. The move gives the Browns more than $62 million in cap space, the most in the NFL.

The Browns are expected to roll over the majority of the cap space to have financial flexibility in the 2025 offseason, when they are already projected to be $44 million over the cap, according to ESPN's Roster Management System.