Tennessee Titans, wide receiver Julio Jones restructure contract
The Titans moved some money around Tuesday when they restructured receiver Julio Jones' contract, converting $14 million of his $15.3 million base salary this season into a signing bonus, a source with direct knowledge of the move confirmed to The Tennessean.
The source requested anonymity because no official announcement has been made.
The move includes two void years and frees $11.2 million in cap space this season for the Titans, who will carry an added $2.8 million cap hit from 2022-2025 as a result.
Jones, who was acquired in a trade with the Atlanta Falcons, will carry a $4.1 million cap hit this season. He had three years and $38.3 million on his contract when he was acquired in June.
Jones returned to practice for the first time in three weeks on Aug. 24 and will continue to see his first extended work with quarterback Ryan Tannehill soon, and not a moment too soon, according to coach Mike Vrabel. Tannehill was recently activated from the reserve/COVID-19 list.
"That goes without saying," Vrabel said. "Ryan is going to have to build a relationship with him on the field. They have met extensively and we have talked about it. Now we have to go out and operate on the practice field."
Jones, 32, is a seven-time Pro Bowler and a two-time first-team All Pro. The 6-foot-3, 220-pounder was chosen sixth overall by the Falcons in 2011. He averages 95.5 receiving yards per game, tops in NFL history.
He has 848 catches for 12,896 yards and 60 touchdowns in 135 career games.
He missed seven games last season because of a hamstring injury.
The Titans open the regular season Sunday (noon, CBS) against the Arizona Cardinals at Nissan Stadium.
Reach Paul Skrbina at firstname.lastname@example.org and follow him on Twitter @PaulSkrbina.