Four Ways the Titans Can Create Cap Space in 2022
The Tennessee Titans have a lot to figure out over the offseason. Especially when it comes creating cap space. The upcoming roster decisions that Jon Robinson and Co. will make over the next few weeks are going to be must-see TV if you're a Titans fan. And from the looks of things, there will be […]
The Tennessee Titans have a lot to figure out over the offseason. Especially when it comes creating cap space. The upcoming roster decisions that Jon Robinson and Co. will make over the next few weeks are going to be must-see TV if you're a Titans fan.
And from the looks of things, there will be plenty of drama.
For starters, Tennessee is currently in the red when referring to its bank account. Per Overthecap.com, the Titans have a little less than –$6.97 million in cap space heading into the offseason, which is good for 26th in the NFL. Spotrac.com has them at a little less than –$6.4 million and also ranked 26th.
It doesn't stop there, either. When you add in the estimated $2.76 million needed to sign the draft class and around $3 million (arbitrary number, but accurate) for in-season injury signings, the Titans really have around -$12.2 million in cap space.
As I said: there's plenty of drama.
So, what can Tennessee do to help alleviate the current burden that is the salary cap? The following hypothetical scenarios would go a long way in putting the Titans back in the game that is the NFL offseason.
For consistency's sake, we'll stick with the numbers from OTC.
Extend Derrick Henry
Henry was on pace for another 2,000-yard season through the first seven games of the season before hurting his foot in Week 8. He went on to miss the rest of the regular season, but finished the year with over 900 rushing yards and 10 rushing touchdowns.
The two-time rushing champ has the most carries in the NFL since 2019 and he has 89 more carries than second-place Dalvin Cook – despite playing two less games. Is the injury the first sign of wear-and-tear from the high volume of touches? Or was it just an unfortunate, yet typical result of playing a violent contact sport?
Regardless, adding one year to Henry's current deal isn't a back-breaking decision; no matter the recent developments. Let's say Tennessee gives him a one-year, $10 million extension through 2024. Robinson could then convert Henry's $12 million base salary into a signing bonus and prorate it over the next three years. That would immediately give the Titans $8 million in 2022 cap space and Henry would have a high, yet still manageable cap hit of $14 million at the age of 30 in 2024.
And the best part? Henry still gets his cash in 2022.
Restructure Kevin Byard
Byard already said he's willing to restructure his deal in order to help keep players such as Harold Landry, but it feels like the Titans would be paying off one credit card with another if they went this route.
Either way, he's open to negotiations. And that's a great starting point. The All-Pro safety has cap hits north of $15, $17, and $15 million over his remaining three years, so it won't be a surprise if this proposed restructure leads to another one as soon as next year.

But when you're in win-now mode like the Titans, you worry about that when the time comes.
Restructure or trade Ryan Tannehill
Tannehill has to agree to a restructure before this can be a factor, but let's just say he's open to it for the sake of this exercise.
Tannehill's entire salary is guaranteed in 2022, therefore, the Titans can't take anything away from him, so to speak. They can kick the can down the road a couple of years, however, and free up some space for this year.
The best part is there is already a system in place doing just that.
Robinson added two dummy years to Tannehill's contract last year in order to help reduce Tannehill's cap hit, so Robinson could just add to the tab. As it stands, Tannehill counts $4.6 million against the cap in 2024 and 2025. The Titans could convert whatever amount of this year's $29 million base salary and spread it out over the remaining four years or add it to the 2024 and 2025 totals.
Now, if the Titans did this, things could get really complicated in terms of next year's cap hit if the they decide to part ways with Tannehill for whatever reason. But it's the same line of thinking as it is with Byard: They'll cross that bridge when they have to.
A trade is always possible, but that'd be hard to execute considering Tannehill's contract situation.
Roster Cuts
This is the obvious answer. If the following players were let go, it would add a ton of cap space. But these are the decisions you want to make when most of the other options are off the table. The number to the right indicates the approximate cap savings, per OTC.
- T Taylor Lewan – $12.9 million
- G Rodger Saffold – $10.4 million
- CB Janoris Jenkins – $6.9 million
- T Kendall Lamm – $3.1 million
Obviously, there are other moves that can be made, but these are the most effective and most logical of the bunch. No matter how you slice it, there's a lot to figure out in 2022.
Featured image via-George Walker IV / Tennessean.com via Imagn Content Services, LLC