Report: Seymour, Huff restructure deals to get Raiders closer to cap
The Raiders added a year to defensive tackle Richard Seymour’s contract and two to safety Michael Huff’s contract, lowering their salaries this season, to save $11.8 million off the salary cap. Oakland remains roughly $10 million over the cap, and are waiting to see if linebacker Kamerion Wimbley will take a pay cut.
Seymour’s new deal, according to Mac’s Football Blog, is now for five years for $37.5 million. He originally restructured his two-year deal last August. Seymour was due to get $15 million this season, and he received $7.5 million as a roster bonus last month. The other $7.5 million is now down to the league minimum salary of $925,00 with remaining $6.575 million converted to a guaranteed roster bonus that will be treated as a signing bonus.
According to Brian McIntyre, the move reduces Seymour’s cap number from $14.068 million to $8.808 million. His cap numbers in 2013-15 will increase from $17.818 million to $19.133 million.
The Raiders aren’t commenting on their salary-cap moves, and agents for the two players have not returned calls.
Huff, who signed a four-year, $32 million contract extension last August, how has a five-year, $40 million deal.
Under the restructured contract, Huff’s base salary base salary was reduced from $4 million to $700,000, with the remaining $3.3 million combined with his $4 million roster bonus to create a guaranteed $7.3 million roster bonus that will be treated like a signing bonus. Two additional years with $4 million base salaries and $4 million roster bonuses were added to allow the 2012 guaranteed roster bonus to be prorated over five seasons.
Huff’s restructured contract lowers his cap number from $9.828 million to $3.988 million.
http://blog.sfgate.com/raiders/2012/03/ ... er-to-cap/