Oakland Raiders  

 

Raiders reportedly clear nearly $12 million in salary cap space

  • By NFL.com
More Columns >

The Oakland Raiders made three more moves in order to get one step closer to salary-cap compliance, restructuring the contracts of defensive standouts Richard Seymour and Michael Huff and quarterback Carson Palmer.

The evolution of the NFL:
Take a look at how the NFL has evolved from its humble roots, and the efforts being made to ensure it continues to grow.

The team announced the moves Thursday via its official Twitter feed, but did not confirm any figures.

According to ProFootballTalk.com, via Mac's Football Blog, 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.

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.

The website reported that Huff's 2012 $4 million base salary also 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 was extended by two years, making him a Raider through the 2014 season.

Those two moves save the Raiders $11.82 million in cap space -- a huge number for a team that already has had to make a number of cost-cutting decisions. The Raiders currently are in talks with linebacker Kamerion Wimbley in hopes to restructure his deal, a source with knowledge of the situation recently told NFL Network insider Jason La Canfora.

The Raiders also released cornerback Stanford Routt last month in another cap-related move, only one year into Routt's restructured five-year, $54.5 million contract.

Headlines

The previous element was an advertisement.

NFL Shop

NFL News
CONTENT
15