Predicting Packers' next 3 moves after restructuring Rashan Gary's deal

2. Restructure Jaire Alexander's contract

Potential cap saving: $10.14 million

The Packers created cap space by restructuring Rashan Gary's deal, but they could adjust other contracts in the weeks ahead. They can make a significant saving with Jaire Alexander's deal.

According to Packers cap expert Ken Ingalls, a simple restructure of Alexander's contract would create $10.14 million in 2024.

Alexander's cap hit for next season is currently $23.98 million—a restructuring would reduce that number to a little less than $14 million. It's a short-term fix, as the Packers would be pushing that money into future years, but it will be easier to manage with the salary cap continuing to increase each offseason.

Alexander still has three years remaining on his contract. Despite dealing with injuries and even a one-game suspension from the Packers, he isn't going anywhere. The Packers would lose cap space by trading or releasing him this offseason. They are committed to their former first-round pick, and Alexander remains a key starter entering 2024.

A switch in defensive scheme may help Alexander regain his All-Pro form. Jeff Hafley's system will feature more press-man coverage, which will play to Alexander's strengths.

With Alexander still very much part of the Packers' plans, restructuring his deal is a way to create cap space this offseason.