Packers: Three Contracts to Gain More Salary Cap Space

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Clay Matthews: ineffective
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2. Randall Cobb

Look, we love Randall Cobb. When he’s healthy, he’s a valuable weapon. He’s also a hell of a guy, but we’re talking about business here.

Ted Thompson overpaid when he gave Cobb a four-year, $40 million deal in early 2015. Cobb hasn’t approached his 2014 production (91 catches, 1,287 yards, 12 TDs) since. In the past two seasons, he’s posted 829 and 610 yards. He’s totaled 10 touchdowns. His yards per catch have decreased from 14.1 to 10.5 to 10.2.

Injuries played a role in 2016, but the bottom line is Cobb is being paid like a No. 1 receiver and, at this point, he’s more like a No. 3.

Cobb will count $12.6 million against the cap this season. If the Packers released him, they’d eat $6.5 million in dead money. That’s still a $6 million net gain and would get the Packers out from under one of Thompson’s worst contracts.

That’s not a scenario we’d like to see play out. We’d prefer to see a renegotiation that puts Cobb’s salary in line with his productivity. However, it’s a plausible outcome.

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About The Author

Monty McMahon is one of the founders of Total Packers. He is probably the most famous graduate of UW-Oshkosh next to Jim Gantner.

6 Comments on "Packers: Three Contracts to Gain More Salary Cap Space"

  1. Kato

    Hard pass on Barclay. That guy can be found in the bottom of the draft or UDFA. Good luck getting Cobb and Matthews to restructure. The defense is in need of a rebuild, sure approach Matthews with a renegotiation/restructure, if he isnt on board, cut him. We don’t need to be overpaying players on possibly one of the 5 worst defenses in the NFL

  2. MJ

    I still find it amazing that we are always close to the cap (though always on the correct side), whereas crappy team can make signing after signing. The fine line between “paying our own guys” and overpaying?

  3. stan

    To win the Super Bowl will require a ” team effort “……every player has to be willing to restructure or compromise or they won’t be hoisting the Lombardi trophy.

    • MJ

      It’s a bit tricky. You have some guys getting their first shot (and maybe their only one) at a multi-million dollar contract. I would agree that guys that have been around for more contracts may get trophy hungry and accept a lower pay from a contender, but how many stay in the league that long? Occasionally I hear a veteran stating that he wants “to play for a contender”.

  4. PF4L

    First of all….The Packers can’t ask Rodgers to restructure for lower cap #’s. They have no right to ask. When the Packers decide to use all resources, use all their cash, to field the best team they can. Then they can ask Rodgers to help.

    But until that time, if i’m Rodgers, i’d tell them to kick rocks.

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