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Report: Fitz agrees to 'simple restructuring'

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  • Report: Fitz agrees to 'simple restructuring'

    According to "two NFL sources," Larry Fitzgerald has agreed only to a "simple restructuring," and not a pay cut.

    According to reporter Kent Somers, the Cardinals are converting the vast majority of Fitzgerald's $12.75 million salary into a bonus that can be prorated over the final five years of his contract. It's unclear if his salary has dropped all the way to the minimum $955,000. Either way, it's a huge win for the 30-year-old receiver, who isn't losing a dime of salary. Per Somers, the maneuver created "around $10 million" of cap space. It frees up a ton of cash for a team that had less than $2 million to spend, but is also simply pushing the momentous bill further down the road. Fitz's cap number will likely be north of $23 million in 2015.

    Source: Kent Somers on Twitter
    Trading for all Cleveland teams in Cleveland uniforms, Cleveland minor league affiliates & Columbus Bluejackets

  • #2
    Talk about a team player!

    Kudos to Larry for literally "taking one for the team".











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