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USA Today Sports Media Group
USA Today Sports Media Group
Sport
Adam Stites

Jaguars restructure Foye Oluokun’s deal to free up $10.3 million

The Jacksonville Jaguars made a significant step toward digging themselves out of a big salary cap hole. According to Ian Rapoport of NFL Network, the contract of linebacker Foye Oluokun was restructured to clear $10.336 million in cap space for the team.

Oluokun, 27, joined the Jaguars during the 2022 offseason on a three-year, $45 million deal. Per Spotrac, the Jaguars converted $12.92 million of Oluokun’s salary into a signing bonus and spread out of his salary over three voidable years that were added to the contract.

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It almost certainly won’t be the last Jaguars contract that is restructured in the next month as the team is still well over the $224.8 million salary cap that was set for the 2023 season.

Other contracts that appear primed for a restructure soon include Christian Kirk’s, Cam Robinson’s, and Brandon Scherff’s. The Jaguars are also likely to release cornerback Shaquill Griffin, which would clear more than $13 million in space.

While getting under the salary cap shouldn’t be too difficult for the Jaguars, the team still isn’t in position to have a free agency spending spree like it did in 2022.

Oluokun was a defensive team captain in his first season with the Jaguars and led the NFL in tackles with 184. He also added 12 tackles for loss.

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