Agrees to contract restructure

Burrow agreed to a restructured contract Tuesday, creating $10 million in cap space for the Bengals, Ian Rapoport of NFL Network reports.

Burrow very likely converted a sizable chunk of his $25.25 million salary for 2026 into a bonus. The two-time Comeback Player of the Year has four years remaining on his current five-year, $275 million deal and is tied with a handful of other quarterbacks for second in AAV at $55 million a season, behind Dak Prescott's $60 million per year. Burrow has missed a combined 16 games to injuries over the past three seasons, but during a 2024 season in which he started all 17 regular-season contests, he led the NFL in passing yards (4,918) and passing touchdowns (43).