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J.J. Watt has agreed to a restructured contract, ESPN's Field Yates reports.

Watt has agreed to a restructured contract, ESPN's Field Yates reports.

Analysis:

Most of Watt's 2015 base salary will convert into a signing bonus, creating cap space for the Texans this season at the expense of cap space over the following few seasons. Watt should be in for another huge season, and he's a perpetual favorite for Defensive Player of the Year honors.

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