The Carolina Panthers have restructured the contracts of Christian McCaffrey and Shaq Thompson to clear more than $11 million in salary-cap space.

They saved $5.6 million in space on McCaffrey by converting his 2021 base salary of just over $8 million into signing bonus, according to Adam Schefter.

Just last year McCaffrey signed a four-year, $64 million extension that made him the highest-paid running back in NFL history at $16 million a year.