The Bengals have extended the contract of DE Trey Hendrickson.
Since signing in Cincinnati, Hendrickson has continuously shown that he is one of the game’s top edge rushers. This new deal keeps Hendrickson under contract through the 2025 season.
Hendrickson will be earning $16M in 2025. As well, the Bengals moved around some money to lower his cap hit in 2023.
From this, I think most of the $5M raise is in the form of a Signing Bonus, which likely also includes a max-conversion ($8.72M) or his 2023 pre-extension base salary.
So, SB ~$13.72M + $1.08M base + $3M RB + $200K PGRBs =
$18M Cash in 2023
Cap Hit = $11.35M (⬇️ from $15.476M) https://t.co/AoSoZW4cIF
— Andre Perrotta (@andreperrotta13) July 27, 2023
The cap relief should help the Bengals with the other extensions that they would like to get done this summer.