Jared Goff's Contract Reportedly Restructured to Give Rams $7M in Cap Space

Rob Goldberg@TheRobGoldbergFeatured ColumnistApril 24, 2020

FILE - In this Dec. 29, 2019, file photo, Los Angeles Rams quarterback Jared Goff passes against the Arizona Cardinals during first half of an NFL football game in Los Angeles. Goff was disappointed to end his partnership with two good friends when the Los Angeles Rams released Todd Gurley and traded Brandin Cooks. (AP Photo/Marcio Jose Sanchez, File)
Marcio Jose Sanchez/Associated Press

Los Angeles Rams quarterback Jared Goff has restructured his contract to free up $7 million of the team's salary cap, according to ESPN's Adam Schefter.

Lindsey Thiry of ESPN first reported the news.

Goff had previously signed a four-year, $134 million extension and had a $36 million cap hit for 2020, the highest in the NFL, according to Spotrac.

The quarterback's contract created some challenges for the Rams financially, as they entered Friday ranked 31st in total cap space, per Spotrac.

Los Angeles released running back Todd Gurley last month before he would've earned $10.5 million guaranteed, while linebacker Clay Matthews and cornerback Nickell Robey-Coleman were also released. Additionally, the team traded high-priced receiver Brandin Cooks to the Houston Texans.

Restructuring Goff's deal enabled the Rams to officially sign free agents Leonard Floyd and A'Shawn Robinson.

The quarterback still has a lot of work to do to live up to his deal. The 25-year-old earned back-to-back Pro Bowl selections between 2017 and 2018, leading his team to the Super Bowl after the 2018 campaign.

Goff struggled in 2019 with a quarterback rating of 86.5, down from 101.1 a year earlier. The Rams fell with him, missing the playoffs after going 13-3 in 2018.

Los Angeles will look to bounce back in 2020 with a rebuilt roster around the young quarterback.