Green Bay Packers running back Ryan Grant has accepted a $1 million reduction in his salary this season in exchange for a guaranteed contract.
The Milwaukee Journal Sentinel reported Wednesday that Grant's agent and the Packers agreed to lower the running back's base pay from $3.5 million to $2.5 million on Aug. 9. That decreased his cap salary from $4.797 million to $3.797 million, giving the Packers $1 million to spend on re-signing other veterans.
The tradeoff for Grant is that his new contract is fully guaranteed against both skill and injury, increasing his chance of making the team's final roster this season.
No other changes were made to the final year of the four-year, $18 million contract that Grant signed in August 2008, according to the newspaper.
Grant, an undrafted free agent out of Notre Dame who spent 2005 and 2006 with the New York Giants but never played for the team, rushed for more than 1,200 yards for the Packers in both 2008 and 2009. He was limited to one game for Green Bay last season before suffering ligament damage to his ankle.