BREAKING NEWS: Bills agree to reworked Key Star’s contract in most significant move of busy day

The Buffalo Bills were extremely active on Wednesday, making numerous salary-cap moves. However, the most significant move may have come towards the end of the day when veteran edge-rusher Von Miller agreed to a substantial contract restructuring, resulting in over $8 million in cap space savings for the team.

This decision by Miller to take a hit for the team carries significant weight for several reasons. Firstly, it provides the Bills with much-needed cap space, which is crucial for their ability to pursue players in free agency. Prior to this move, the Bills had already released several players, including safety Jordan Poyer and cornerback Tre’Davious White, in order to alleviate their cap situation. With Miller’s restructuring factored in, the team is gradually improving their financial standing.

The Bills and pass rusher Von Miller agreed to a renegotiated contract, per source.

The deal has a base value of $8.855M in 2024, with the chance to make up to $20M with incentives (up from $17.5M under the old terms).

The move saves Buffalo $8.645M in 2024 salary cap space.

— Field Yates (@FieldYates) March 6, 2024

Furthermore, this move suggests that there may be more adjustments on the horizon, such as a potential restructuring of quarterback Josh Allen’s contract, which currently carries a hefty $47.1 million cap hit for 2024. However, for the time being, Miller’s restructuring provides the Bills with the breathing room they urgently require.

For Miller himself, the decision to rework his deal was likely influenced by the realization that he might have faced being released otherwise. Despite a strong debut season with the Bills in 2022, during which he recorded eight sacks, Miller experienced a downturn in performance, registering zero sacks for the first time in his career. Despite this, instead of seeking opportunities elsewhere, Miller chose to bet on himself and assist his team in overcoming their financial difficulties.

As for the Bills, the flexibility afforded by Miller’s gesture enables general manager Brandon Beane to make necessary adjustments, which is advantageous for a team with aspirations of reaching the Super Bowl. The precise manner in which Beane utilizes this newfound flexibility remains to be seen, but it undoubtedly provides the Bills with additional options to strengthen their roster.