How Terron Armstead’s reworked deal helps Dolphins’ cap situation
The Dolphins and left tackle Terron Armstead agreed to a reworked deal that will free about $10 million in cap space for Miami this offseason.
Armstead, who contemplated retirement, is set to return for his 12th NFL season and third with the Dolphins. NFL Network reported that as part of his return, Armstead and Miami were adjusting his contract.
The change was reflected on Over the Cap’s website Friday morning, showing that Armstead’s $20.8 million cap hit for the 2024 season has been reduced to $10.55 million.
According to the website, Armstead accepted a $4.25 million pay cut and received $10 million in guaranteed salary. The new contract includes a $7.29 million signing bonus that will be spread out throughout the deal. The final two seasons of Armstead’s deal in 2025 and 2026 are unchanged — there is no guaranteed salary after the 2024 season — but the cap hits in each season increased from $20.6 million to $22.1 million.
The Dolphins also added void years in 2027 and 2028 to further spread out the bonus and give the team a bit more cap flexibility. The use of void years does not extend the contract but creates placeholder years for the prorated bonus.
Miami could release Armstead after the 2024 season with a post-June 1 designation and get about $14 million in cap space.
Armstead, who turns 33 in July, signed a five-year, $75 million contract in the 2022 offseason but has missed 11 games since joining the Dolphins.
He will return to an offensive line that may have a new center in Aaron Brewer, whom the Dolphins signed this week. Miami could also have new starters at both guard spots, as Robert Hunt departed to join the Carolina Panthers and Isaiah Wynn remains an unrestricted free agent.
This story was originally published March 15, 2024 at 11:21 AM.
