The Los Angeles Charges have cleared $14.377,500 million in cap space by restructuring the contracts of receivers Keenan Allen and Mike Williams, according to Field Yates of ESPN.
The two moves converted much of the 2023 salaries to signing bonus, while adding more cap for next year:
Spotrac @spotrac<a href="https://twitter.com/hashtag/Chargers?src=hash&ref_src=twsrc%5Etfw">#Chargers</a> Cap Conversions<br><br>Converted $10.92M of Mike Williams' 2023 salary into signing bonus.<br><br>Converted $14.335M of Keenan Allen's 2023 salary + a $3.5M roster bonus into signing bonus.<br><br>Savings: $14,377,500<br>Top 51 Space: -$6M<a href="https://t.co/aq9Yqke8mC">https://t.co/aq9Yqke8mC</a>
Field Yates @FieldYatesChargers GM Tom Telesco had previously made it very clear he was not trading Keenan Allen.