Doomsday101
03-08-2012, 11:03 AM
The Oakland Raiders reportedly made two more moves Wednesday in order to become one step closer toward salary cap compliance, restructuring the contracts of defensive standouts Richard Seymour and Michael Huff.
The Raiders lowered Seymour's 2012 base salary from $7.5 million to the league minimum figure of $925,000, converting the remaining $6.575 million into a roster bonus that's treated the same way as a signing bonus cap-wise, ProFootballTalk.com reported Thursday, via Mac's Football Blog. Another season was added to Seymour's contract so that the bonus can be prorated over the next five years, according to the report, and the defensive end will be under contract through the 2016 season.
Huff's 2012 $4 million base salary also reportedly has been reduced to $700,000, and the remaining converted to a $3.3 million set to be combined with a pre-existing $4 million roster bonus to create a guaranteed $7.3 million bonus. Huff's contract also was extended by two years, making him a Raider through the 2014 season.
http://www.nfl.com/news/story/09000d5d827764fe/article/raiders-reportedly-clear-nearly-12-million-in-salary-cap-space?module=HP11_headline_stack
The Raiders lowered Seymour's 2012 base salary from $7.5 million to the league minimum figure of $925,000, converting the remaining $6.575 million into a roster bonus that's treated the same way as a signing bonus cap-wise, ProFootballTalk.com reported Thursday, via Mac's Football Blog. Another season was added to Seymour's contract so that the bonus can be prorated over the next five years, according to the report, and the defensive end will be under contract through the 2016 season.
Huff's 2012 $4 million base salary also reportedly has been reduced to $700,000, and the remaining converted to a $3.3 million set to be combined with a pre-existing $4 million roster bonus to create a guaranteed $7.3 million bonus. Huff's contract also was extended by two years, making him a Raider through the 2014 season.
http://www.nfl.com/news/story/09000d5d827764fe/article/raiders-reportedly-clear-nearly-12-million-in-salary-cap-space?module=HP11_headline_stack