The Chiefs carved out a chunk of cap room this morning. ESPN’s Field Yates tweets
that the team has restructured the contract of James Winchester, converting his 
$500K roster bonus into a signing bonus. This saves the team around $400K in cap space.
This might not seem like a lot of money in the whole scheme of things, but the move will provide the cash-strapped organization with some breathing room. The Chiefs were estimated to have between $4MM and $2MM in cap space as they headed into free agency.
After entering the league as an undrafted free agent in 2013, Winchester has caught on with Kansas City over the past two seasons. The 27-year-old has played all 32 games during this span, collecting a fumble. The organization re-signed the long snapper earlier this offseason.