Terron Armstead Created $14 Million In Cap Space For The Miami Dolphins

The Miami Dolphins will have to do some work this off-season to have any type of legitimate cap room to make necessary upgrades to their roster. They were helped out tremendously by one of their own on Tuesday, as it was announced that offensive tackle Terron Armstead would take his contract down to minimum value to give the team some financial flexibility.

Armstead’s Decision Saves $14 Million In Cap Space For Dolphins

The announcement comes on the heels of interesting comments from Dolphins’ head coach Mike McDaniel. When asked about Armstead’s future with the team during a press conference at the NFL Combine, McDaniel said that the team would be operating this off-season as if the 33-year-old would not be returning the next season, suggesting that a retirement was looming.

And while that may hold true in the coming weeks and months, Armstead is sacrificing some of the money remaining on his contract in order to help the team out. Instead of earning the $28.6 million that was still owed to him, he will take home the league veteran minimum, which is set at $1.2 million for players with 7+ years of NFL experience.

#Dolphins LT Terron Armstead plans to take his contract down to minimum, I’m told, from the $28.6M he was set to make.

That allows the team to make all the necessary moves they want to make and allows Armstead, 33, to be on the team until he makes his decision on his future. pic.twitter.com/IrRf7yaj42

— Ian Rapoport (@RapSheet) February 25, 2025

According to NFL insider Ian Rapoport, the move by Armstead will immediately boost Miami’s cap space by $14 million. It would represent much-needed capital for a team near the bottom of the list of available cap room, as they’ll need money to spend to be able to make the improvements needed to keep up with the Buffalo Bills and other teams around the AFC.

Other moves will likely be made to help the Dolphins along in their financial journey. Restructuring guys across their roster like Bradley Chubb, Zach Sieler, and Tua Tagovailoa can pay big dividends, as Miami could get up to $57 million in cap space just by doing so.

The Dolphins feel as though they underachieved yet again in 2024, though it was the second straight year that they dealt with serious injuries across their roster. They finished with a record of 8-9 after starting 2-6, and missed the playoffs for the first time in the last three seasons.