Contract Details: Joe Mixon Takes Multi-Year Pay Cut After Restructuring Deal With Bengals

The 26-year-old officially restructured his contract on Friday.

CINCINNATI — Bengals running back Joe Mixon restructured his contract on Friday, which will keep him in Cincinnati for the 2023 season and potentially beyond. 

Mixon took a $4.39 million pay cut this year according to Ian Rapoport of NFL Network. That means he'll make roughly $5.51 million in base salary in 2023. He can make another $2 million in incentives this season. 

Cincinnati clears $4.39 million in cap space, which could help them in their quest to sign Joe Burrow, Tee Higgins or other key pieces to long-term extensions. 

The Bengals also restructured Mixon's contract for the 2024 campaign according to Rapoport. He took a $4.67 million pay cut, which makes it realistic for the soon to be 27-year-old to stay in Cincinnati for the foreseeable future.  

He's ran for 5,378 yards and 40 touchdowns in six seasons in Cincinnati. The Bengals took him with the 48th overally pick in the 2017 NFL Draft. He also has 231 receptions for 1,763 yards and 10 receiving scores. 

The Bengals have tried to restructure contracts in the past, but this is the first time they were able to pull it off. 

For more reaction to Mixon's new contract, go here.

Details:
— Joe Mixon took a $4.39M pay cut this year and a $4.67M pay cut next year.
— The 2023 base is $5.51M and he can make an extra $2M per year in incentives.
— This opens up the possibility of him sticking around next year, too. https://t.co/FUHy7Zpw6h

— Ian Rapoport (@RapSheet) July 15, 2023

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