The full details of New York Jets WR Jamison Crowder’s restructured contract have been confirmed, according to reports.
When the New York Jets signed Keelan Cole in free agency and selected Elijah Moore in the second round of the NFL draft, it seemed like the writing was on the wall for incumbent starting slot receiver Jamison Crowder.
It seemed even more likely when Crowder was one of the few players who did not show up to voluntary OTAs, as the team asked him to take a sizable pay-cut in the final year of his contract.
Somewhat surprisingly, Crowder agreed to restructure his deal, and he made his way to minicamp last week. The details of that agreement have been released, per Jason Fitzgerald of OverTheCap – and the reduction is quite large.
Numbers on Jamison Crowder's restructured contract, per @Jason_OTC:
2021 base reduction from $10M to $5M, $4.5M of which is guaranteed –a 50% cut. Previously, had no guarantees.
Cap charge drops from $11.375M to $6.35M. Still has his per-game roster bonus ($500K max). #Jets
— Rich Cimini (@RichCimini) June 20, 2021
The most noticeable change occurred in Crowder’s base salary. His base decreased from $10 million to $5 million, but $4.5 million of that is now guaranteed. Previously, none of the money on his deal was guaranteed.
Crowder’s cap charge was reduced by $5.025 million, dropping from $11.375 to $6.35 million. He retains his per-game roster bonus that can reach a maximum of $500K.
This is a move that works out for both parties. Crowder will earn more than he likely would have if he were cut, and he will also be promised a healthy amount of guaranteed money that he did not have previously. The Jets bring Crowder’s number down to a level that is reasonable for his projected role.
As it stands, Crowder is a luxury asset, but one the Jets now have at a reasonable price. He’ll provide valuable depth in the slot and at his new cost looks like a very tradable piece that could be dealt for assets mid-season.