According to a report from ESPN, Watt has restructured his deal, which will create $8 million in salary cap room for the upcoming season. His $10 million roster bonus has been converted to a signing bonus.
His cap figure will now drop from over $21.969 million to roughly $13.969 million.
Watt was a terror for opposing quarterbacks a year ago as he recorded 20.5 sacks.
Rodgers played all 16 regular-season games in 2014 for just the second time in the last five seasons, completing 65.6 percent of his passes while racking up 4,381 passing yards, 38 passing touchdowns and five interceptions. He also added two more touchdowns on the ground while gaining 269 rushing yards on 43 carries.
Several other awards were handed out at the ceremony Saturday, as follows.
AP Offensive Player of the Year:
AP Defensive Player of the Year:
AP Offensive Rookie of the Year:
AP Defensive Rookie of the Year:
AP Comeback Player of the Year:
AP Coach of the Year: Bruce Arians,
AP Assistant Coach of the Year: Todd Bowles, Cardinals
Walter Payton Man of Year:
Art Rooney Sportsmanship Award:
Salute to Service Award:
NFL.com Fantasy Player of the Year:
FedEx Air Player of the Year: Aaron Rodgers, Packers
FedEx Ground Player of the Year: Le'Veon Bell, Steelers
Deacon Jones Award:
Greatness on the Road Award:
Bridgestone Performance Play of the Year: Odell Beckham one-handed catch
Don Shula High School Coach of the Year: Bruce Larson, Somerset (Wisconsin) High School
In addition, eight finalists were voted into the Hall of Fame: running back Jerome Bettis, wide receiver Tim Brown, defensive end/linebacker Charles Haley, linebacker Junior Seau, guard Will Shields, center Mick Tingelhoff and executives Bill Polian and Ron Wolf.
He finishes the season with 20 1/2 sacks, one interception, two defensive touchdowns, three receiving touchdowns, three forced fumbles and five fumble recoveries.
The Texans have played each of the other teams in their division over the last three weeks, and Watt has posted multiple sacks in each of those games and seven sacks in all during that stretch. His sack total is up to 16.5 on the season with matchups against the Ravens (Week 16) and Jaguars (Week 17) remaining on the schedule. He had three sacks against the Jaguars in Week 14, so a 20-sack season is certainly in play.
They'll all visit the Jaguars in Week 14.
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