The Cardinals announced Tuesday that the sides officially restructured, providing more financial flexibility for the offseason.
Larry Fitzgerald (@LarryFitzgerald) February 4, 2014
The contract restructure saves the Cardinals $9.4 million in cap space, NFL Media Insider Ian Rapoport reported, per a source who had seen Fitzgerald's redo. This means Fitzgerald took his $12.75 million in base salary and converted a large chunk of it into a signing bonus to be pro-rated over the course of the deal. Rapoport added that Fitzgerald didn't take a pay cut.
Pointing to his "great relationship" with general manager Steve Keim, Fitzgerald suggested last week that any money freed up by his restructuring should go toward new contracts for Patrick Peterson, Karlos Dansby and Frostee Rucker.