The Buffalo Bills have renegotiated the terms of linebacker Matt Milano’s contract in order to free up $5.17 million in salary cap space for the 2022 season. It was first reported that the transaction had been made by Field Yates of ESPN.
Prior to this decision, it was expected that Milano would count $9.97 million against the salary cap. According to Spotrac.com, he will add another $4.79 million to his total.
The majority of the base income that Milano was scheduled to get from the Bills (which was $7.5 million) has been converted into bonus money and will be distributed among the three years that are still on his contract.
A year ago, Milano inked a deal with the Bills that would pay him $41.5 million over the course of the next four years of his career. Milano is only 28 years old but will be playing in his sixth NFL season this year.
Because of the restructure, Milano will have cap hits of $13 million in each of the final two years of his contract, which are 2023 and 2024.
Matt Milano Contract
Matt Milano agreed to terms with the Buffalo Bills on a four-year, $41,500,000 contract that included a $7,000,000 signing bonus and a $23,500,000 guarantee.
Matt Milano Salary
Matt Milano makes an average of $10,375,000 per year. Milano’s base salary in 2022 will be $1,035,000. He will also get a roster bonus of $470,588, a restructure bonus of $6,465,000, a workout bonus of $250,000, and an incentive bonus of $125,000. His cap hit will be $4,923,588.
Matt Milano Net Worth
Matt Milano has an estimated net worth of $25 million dollars