The Raiders made headlines this past week when they restructured contracts of LB Nick Kwiatkoski and DE Yannick Ngakoue to create $10.308M in cap space. The belief was the Raiders would use part of that cap space to sign players, but it looks like they are still tight and more restructures could be coming.
According to Overthecap.com, the raiders currently have $1.21M after signing players such as RB Peyton Barber and WR David Moore.
However, that number doesn’t account for LB K.J. Wright’s contract. The per-year value of his one year deal has not been reported, so chances are the Raiders are still over the cap. It was reported he was looking for upwards of $5 million.
Part of why Las Vegas is struggling with cap space this year is due to a mixture of league revenue falling and the dead cap the team incurred in 2021.
The Raiders have $21.7M in dead cap, which includes $12.1M, $3.2M and $2.5M for releasing Rodney Hudson, John Brown, and Lamarcus Joyner, while they were under contract.
That dead cap clears next year and the Raiders are estimated to have over $50 million in cap space.
The Raiders front office has done a great job with their contracts and will likely create more space by restructuring some more contracts.
Extending QB Derek Carr to save cap space is also another option that has been thrown around. Regardless of what they do, the Raiders have put together a solid group of veteran players and good depth at most positions. Mike Mayock’s squad is ready to compete.
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