Oakland Raiders defensive back Tyvon Branch - Levi Damien
The Raiders have restructured the contract of safety Tyvon Branch to get well under salary cap. This according to Steve Corkran of the Bay Area News Group.
The Raiders made another salary cap move today which now puts them a comfortable $6 million under the 2013 salary cap.
What they did was add two years to the contract of safety Tyvon Branch to extend it until 2017 with the those two years as voidable years. In doing so, spread out his salary over the remainder of his contract. He was set to make a base salary of $6 million this season with a salary cap hit of nearly $11 million.
In the restructure, his base salary now drops to veteran minimum of $715,000 and his cap hit for this season drops to about $6 million - a savings of $5 million off the cap this season.
The Raiders were already a reported $1.5 million under the cap and now sit at around $6.5 million under. This is plenty of room to re-sign a couple of the team's free agents before they can hit the open market.
Free Agency begins Tuesday March 12.