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The Green Bay Packers are restructuring the contract of left guard Aaron Banks to create salary cap space in 2026, per Jeremy Fowler of ESPN. Fowler is calling it a "simple restructure," which means converting base salary or a roster bonus (or both) into a signing bonus and prorating the bonus over the life of the deal -- lowering the present cap number but pushing cap dollars to future years.
Banks has a $7.7 million base salary for 2026 and a $9.5 million roster bonus due the third day of the new league year. His cap hit was scheduled to be $24,791,176.
Packers Wire will update this post when more specific details on the cap savings are available.
The Packers need to clear cap space before Wednesday's start of the new league year. Green Bay is adding linebacker Zaire Alexander via trade and are re-signing center Sean Rhyan to a three-year deal, moves that required clearing more space for the Packers to be cap compliant.
Banks signed a four-year, $77 million deal with the Packers last March. He struggled through injuries during the first half of the season and had a disappointing first season in Green Bay, but with this restructure, the Packers are committing to him for at least the next two years. A restructure will push money to 2027 and 2028, when Banks' cap hits were already scheduled to be $22,250,000 and $20,750,000, respectively.
Banks' return and the re-signing of Rhyan on Sunday all but ensures Elgton Jenkins will be playing elsewhere in 2026.
This article originally appeared on Packers Wire: Packers restructuring contract of LG Aaron Banks to create 2026 cap space
Continue reading...
Banks has a $7.7 million base salary for 2026 and a $9.5 million roster bonus due the third day of the new league year. His cap hit was scheduled to be $24,791,176.
Packers Wire will update this post when more specific details on the cap savings are available.
The Packers need to clear cap space before Wednesday's start of the new league year. Green Bay is adding linebacker Zaire Alexander via trade and are re-signing center Sean Rhyan to a three-year deal, moves that required clearing more space for the Packers to be cap compliant.
Banks signed a four-year, $77 million deal with the Packers last March. He struggled through injuries during the first half of the season and had a disappointing first season in Green Bay, but with this restructure, the Packers are committing to him for at least the next two years. A restructure will push money to 2027 and 2028, when Banks' cap hits were already scheduled to be $22,250,000 and $20,750,000, respectively.
Banks' return and the re-signing of Rhyan on Sunday all but ensures Elgton Jenkins will be playing elsewhere in 2026.
This article originally appeared on Packers Wire: Packers restructuring contract of LG Aaron Banks to create 2026 cap space
Continue reading...
