Quarterback Deshaun Watson and the Cleveland Browns have reached a contract agreement that will lessen Watson's cap charge in future years while keeping his fully guaranteed $92 million intact, sources tell CBS Sports.

A person familiar with the situation tells The Associated Press the Cleveland Browns have again restructured quarterback Deshaun Watson’s massive contract to create salary-cap space and give them future flexibility.

Watson is not losing any money and will still collect the $92M in guaranteed cash he is owed over the next two seasons. What the rework does, however, is makes it easier for the Browns to move on after the 2026 season.