FOXBORO — The New England Patriots have created some much-needed financial flexibility as they head into the season’s unofficial ‘second-half.’
New England has reportedly restructured the contract of special teamer Cody Davis to create $258,824 in additional room under their cap. They also freed up $123,200 in cap space by releasing veteran wide receiver Lil’Jordan Humphrey from their practice squad on Tuesday.
Per Patriots salary cap expert Miguel Benzan, the team now has $2,050,692 in available salary cap space with which to operate for the remainder of 2022.
Davis’ restructuring essentially removed the remaining 11 active roster bonuses in his deal, which he was unable to earn while on season-ending injured reserve.