What does Derrick Henry's contract restructure really mean? JustinM_NFL breaks down the nuances of the deal and what it could mean for the Titans right now and in 2023. FrontOffice33 | TitanUp
. The reworked deal increases Henry’s earnings to $14 million this season and includes a $9 million signing bonus. Henry remains scheduled to reach free agency in 2024, as no new years were tacked onto the existing deal. The most interesting component involved is that the restructure significantly increases the likelihood that Henry will remain with the Titans through the 2023 season.
The Titans added three void years to Henry’s revised contract. It reduces Henry’s immediate cap hit from $15 million to $9.8 million, per. Henry’s new contract means the Titans would only save $3.75 million against the 2023 cap if they released him next offseason. Prior to this restructure, the Titans would have been able to save $12.5 million by releasing Henry.
Prior to this announcement, some believed Henry was possibly entering his final campaign as a Titan. Tennessee’s offense has begun going through a transition period that included mass exits this offseason (
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