Oluokon Restructured

Per CBS (and Rapaport):

The Jaguars signed linebacker Foye Oluokun as a free agent last year and they’re reworking his contract for cap space this year.

Ian Rapoport of NFL Media reports that the Jaguars have opened up $10.336 million in room by restructuring his deal. Oluokun’s contract had a base salary of $14 million for this season and he’s set to have a base salary of $13 million in 2024.

He also started both of Jacksonville’s playoff games and compiled 27 tackles in those appearances.

It's already up on Spotrac, but the gist is that they rolled 10.336million of cap from this year into 2024, 2025, 2026 and 2027. So his cap hit for next year will be 21.75 million (14.5million dead cap). He will not be under contract, but will have a cap hit of 7.75million for 2025, and 2.5million for 2026 and 2027.

The good news is that this likely means they are close on a contract for Engram and/or Taylor, as they are freeing up cap space for this upcoming season.

The bad news is that the process of loading dead cap up for future seasons is in full swing.

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