Report: Rams free up $7 million in Jared Goff contract restructure

The Los Angeles Rams were desperate for cap room and have managed to find some thanks to their quarterback.

The Rams restructured quarterback Jared Goff’s contract and saved themselves $7 million, according to ESPN’s Adam Schefter.

Restructuring Jared Goff’s contract freed up $7 million, per source. https://t.co/La5v9XUW9m

— Adam Schefter (@AdamSchefter) April 24, 2020

Signed just prior to the 2019 season, the Goff contract quickly looked questionable after a middling season. After giving him a record amount of guaranteed money, Goff threw 22 touchdowns and a career-worst 16 interceptions in 2019.

As it stood, the Rams were actually over the salary cap and still needed to work Leonard Floyd’s contract into the equation. This move was a necessity for them if they wanted any chance of completing deals and signing their draft picks.