The re-working of the deal, which will yield a cap savings of approximately $2-million, will also be enough to take care of additional roster spots that count against the cap when the regular season begins, as well as players on the practice squad.
"We have a mutually agreed on a restructuring that will provide all the necessary cap relief needed to finalize the needs of the team," said team president Carmen Policy.
While the restructuring has made it possible to sign this year's rookie crop, the draft picks remain unsigned as the Browns opened their first practice of training camp with their veterans.
The big sticking point on the seven picks remains to be the Browns insisting on their signing five-year deals instead of the more traditional three-year contract.
Policy said he expects to have at least five of the seven on the practice field by next Tuesday.
"My gut feeling is that we will have the No. 1 pick signed today or tomorrow," said Policy. "Hopefully we will have another high-round pick between tomorrow and Sunday. After that, hopefully the others will fall in line."
Also reported via local radio news: Policy expects Jeff Faine to be signed either today or tomorrow.