And the real takeaway is what I and others have said, it's net zero, as the cap that was freed by the restructured rolls into next year and offsets the cap hit next year if he's cut. However, if the Broncos designated him a post June cut (they can cut him before, but declared him a june 2nd cut), then they can spread it over two years.
So, this structured could in no way hurt them, and only gives them cap flexibility.