Posted February 04, 2014

Report: Cardinals, Larry Fitzgerald agree to restructured contract

NFL
Larry Fitzgerald Wesley Hitt/Getty Images

Larry Fitzgerald has not had 1,000 yards receiving in a season since 2011.  (Wesley Hitt/Getty Images)

Arizona Cardinals wide receiver Larry Fitzgerald restructured his contract, possibly freeing up almost $10 million the team can use to go after free-agents.

Details of the new deal were not available, according to NFL.com.

Fitzgerald is scheduled to make $12.75 base salary next season, and was set to count more than $18 million against the salary cap.

He will still make his full salary as the money was converted from a base to a signing bouns. Fitzgerald’s cap number will now be $24.6 million for the 2015 season because of the restructuring.

Fitzgerald, 30, caught 82 passes for 954 yards and 1o touchdowns last season for the Cardinals.

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5 comments
bbc
bbc

Can anyone explain what's the downside in converting base salary to a signing bonus? There has to be a catch else everyone would simply start paying "signing bonus" instead of salary thereby making salary cap redundant. Could it be that the signing bonus counts against the salary cap across the length of the contract and not just one year? That way you can make some salary cap space in a year where you are way over the cap but would result in you increasing the cap for remainder of the player's contract.

JRock
JRock

@bbc They push more and more money into the future hoping that the cap is higher. It won't be based on recent trends.

kaorder1
kaorder1

@bbc   google "dead money" for NFL salary cap.  

bbc
bbc

@JRock @bbc  Is there a cap on how far in the future can you push that money? Or the max amount of money that can be pushed out (say 10% of the original cap)?