Rivers' restructure frees up salary-cap space for the San Diego Chargers, but it doesn't lower the $12 million the quarterback will earn this season. The Chargers now have $12.76 million in cap space, according to Rapoport.
The timing of the restructure is interesting, as freeing up money on the eve of the season would indicate a move that might require cap space.
In other contract news, Earl Bennett took a $1 million pay cut this week, Rapoport reported. The Chicago Bears wide receiver was on the roster bubble as he came back from a concussion. Bennett was due $2.25 million and now will earn $1.25 million. The pay cut likely kept him from being released.