Only year 2 for Watson and he restructured his contract. By the end of this season, Browns would have paid him $90 mill and only incurred a total of $30 mill in cap charges over the first 2 seasons.
But, when talking the top players, it's mostly converting base salary into a bonus and pushing the cap hit down the line, vs potentially releasing a player should he not accept a pay cut to what he would likely fetch on the open market.
So, expect Cincy and Burrow to work together to move things around, but he's still getting his money. Just pushing the charges down the line.
When you get to a transition year or you have a new management group, that's when you take your bath of big dead cap. TB this season is taking it hard with $76 mill in dead money, with almost half of it $35 mill due to Tom Brady. AZ, with a new regime is eating it big for ($47 mill for the team and $21 mill of that due to Hopkins) and likely preparing to eat whatever they would need on Murray should they be bad this season and decide to move off him (likely via trade) for next season.