The Los Angeles Rams have taken steps over the past week to free up cap space, freeing up cash by extending Matthew Stafford, removing Johnny Hekker and now trading Robert Woods.
They’re sending the veteran receiver to the Titans in exchange for a 2023 sixth-round pick, which is a surprisingly low return for a starter. But with Woods turning 30 next month and recovering from a torn anterior cruciate ligament, the Rams couldn’t have more, apparently.
The reason they made this move was to free up space on the cap. According to Spotrac, the Rams walk away with a net saving of $7.1 million, taking $8.6 million in dead money. That’s better than what they would have gotten if they cut Woods, which would have saved them $3.6 million.
New Cash/Cap Hits
2022: $13.5 million
2023: $13.75 million
2024: $15.75 million
2025: $17.5 million
Full breakdown: https://t.co/khgV2mlLqy
—Spotrac (@spotrac) March 20, 2022
The Titans will inherit Woods’ contract, which runs through 2025. They’ll take on his $13.5 million cap in 2022, which admittedly is a pretty high number for a 30-year-old receiver recovering from an ACL tear.
Still, the fact that the Titans only had to give up a sixth-round pick next year to land a No. 2 receiver is a win for Tennessee, regardless of their cap.
Now we have to wait and see what the Rams do with that money. They could still sign Odell Beckham Jr., but more likely they will turn to the defense after losing Von Miller, Darious Williams, Sebastian Joseph-Day and Ogbonnia Okoronkwo.