With the renegotiation of wide receiver Julio Jones’ deal, the Tennessee Titans freed up moreover $11 million in salary-cap space on Tuesday.

Jones’ pay for 2021 was converted to a signing bonus, and two voidable years (2024-25) were added to the end of the contract, according to ESPN’s Field Yates.

Jones receives a $14 million signing bonus this year, which is prorated at $2.8 million each season for salary cap reasons for the rest of the contract, including the voidable years. Tennessee will be given $11.2 million in cap room.

Jones returned to practice for the first time in three weeks on Aug. 24, and according to coach Mike Vrabel, he will continue to get his first lengthy work with quarterback Ryan Tannehill soon.

Jones is a two-time first-team All-Pro and seven-time Pro Bowler. In 2011, the Falcons selected the 6-foot-3, 220-pounder sixth overall. He leads the NFL with an average of 95.5 receiving yards per game.

In 135 career games, he’s racked up 848 receptions for 12,896 yards and 60 touchdowns.

A hamstring issue forced him to miss seven games last season.

How Rich is Julio Jones?

A splash amount of $66,000,000 on a three years contract and an average annual salary of $22,000,000 in his time at the Falcons make Julio Jones one of the richest athletes in the world.

What is Julio Jones’ Net Worth?

Julio Jones’s net worth is reportedly said to be estimated around $40 million to $50 million