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Green Bay Packers receiver Devin Funchess announced Tuesday he has opted out of the 2020 NFL season.
What does Funchess’ decision mean for the Packers’ salary cap and his contract?
First, the details of his original contract: Funchess signed a one-year deal with the Packers worth $2.5 million, including a $1 million signing bonus, $250,000 in per-game roster bonuses ($15,625 per game) and a $50,000 workout bonus. Other money was available through incentives. His base salary would have been $1.2 million, with an overall cap hit of $2,265,625.
The math changes now that Funchess has opted out.
According to the opt-out cap rules laid out by Jason Fitzgerald of Over the Cap, all bonuses, including signing bonuses and workout bonuses, will remain on the cap for players who opt out of the 2020 season. This means the Packers will still be on the hook for $1,050,000 even though Funchess won’t play in 2020, but they’ll save $1,215,625 on this year’s cap.
His contract will also toll, meaning he’ll be back under contract with the Packers in 2021. His base salary from 2020 carries over to 2021, while the per-game roster bonuses and workout bonuses remain the same. He’ll have a cap hit of $1,250,000 (base salary plus workout bonus), but no guaranteed money will transfer over to 2021, meaning the Packers can bring him back next summer but cut him, if necessary, without any cap charge. The guaranteed money will only count against the 2020 cap.
Ken Ingalls, who tracks the Packers’ cap, has more details below:
Devin Funchess has voluntarily opted-out from playing in the 2020 NFL season for the Packers.
He does not get any stipend or salary advance since he did not earn a credited season in 2019.
His signing bonus & workout bonus hits the 2020 cap, and will be under contract for 2021. pic.twitter.com/agPa6uQsHY
— Ken Ingalls – Packers Cap đź’° (@KenIngalls) July 28, 2020
Ingalls estimates the Packers now have roughly $10.3 million in unallocated cap space for the 2020 season.
Funchess opted out of the season due to family health concerns regarded the coronavirus pandemic. He is considered a voluntary opt out and not a high-risk opt out.
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