Report: Tennessee Titans restructuring Ryan Tannehill's contract to facilitate Julio Jones trade

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It appears that the Tennessee Titans have their plan to fit Julio Jones under their salary cap. 

The Titans are doing a simple restructure of quarterback Ryan Tannehill’s contract to facilitate the completion of the Jones trade, according to a report Tuesday from the NFL Network’s Ian Rapoport. 

The restructure will create more than $15 million in cap space for 2021, per the report, making room for Jones’ $15.3 million guaranteed salary under his current contract. The Titans had just around $3.9 million in cap space for the upcoming season when they made the trade, which is pending a physical. 

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Restructuring Tannehill’s contract – converting a portion of his $24 million base salary for 2021 into signing-bonus dollars – had been seen as the most straight forward way of making room for Jones. As of last Thursday, the Titans quarterback had not been approached about restructuring his current deal. 

If not for restructuring Tannehill’s contract, the Titans would’ve needed to initiate some combination of cutting, restructuring and/or extending the deals of other veterans.

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It’s not immediately how much Tannehill’s cap hits for 2022 and 2023 will increase. Before the reported restructure, his scheduled cap hits were $34 million and $32 million for the last two years of his contract. 

Jones has $38.328 million left on his contract, which runs through 2023, including $17.3 million guaranteed. 

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Ben Arthur covers the Tennessee Titans for The USA TODAY Network. Contact him at barthur@gannett.com and follow him on Twitter at @benyarthur.