- Browns clear $36M in cap space through Watson's restructured deal
- Team was $22M over cap before latest financial maneuver
- QB's injury history raises questions about long-term roster strategy
The Cleveland Browns have executed their second major restructuring of Deshaun Watson's contract in three months, converting approximately $36 million into immediate salary cap relief. This aggressive financial strategy comes as NFL teams prepare for free agency, with Cleveland previously facing a daunting $22 million cap deficit. By adding void years extending through 2030, the Browns can spread financial obligations over a decade rather than absorbing massive dead money hits in single seasons.
Watson's physical durability has become a pressing concern following consecutive season-ending injuries. The 29-year-old quarterback suffered two separate Achilles tendon ruptures within three months, potentially sidelining him for the entire 2025 season. Team executives are reportedly exploring insurance options that could provide additional cap relief if Watson remains unavailable, a critical consideration given his $230 million guaranteed contract.
Financial analysts note this restructuring follows an emerging NFL trend where teams use void years to manage cap constraints. The Philadelphia Eagles employed similar tactics with Alshon Jeffery's contract in 2020, spreading $26.1 million in dead money over four seasons. Cleveland's approach carries greater risk given Watson's health uncertainties and the extended duration of financial commitments.
With the second overall pick in April's draft, the Browns are evaluating top quarterback prospects including Shedeur Sanders and Cam Ward. This due diligence suggests potential succession planning, though team officials maintain Watson remains their long-term starter. The front office is also expected to sign a veteran quarterback when free agency opens, creating competition while insulating against further injuries.
Cleveland's financial gymnastics highlight the high-stakes nature of modern NFL roster construction. Teams across the AFC North division, including the Baltimore Ravens and Pittsburgh Steelers, have increasingly utilized contract restructuring to maintain competitiveness. The Browns' ability to remain under the cap while retaining core players like Myles Garrett will be tested as Watson's cap hits escalate to $64 million in 2026.
