Following the addition of Charles Woodson and his $1.38 million base salary, the Raiders have restructured Matt Flynn's contract to save $1 million off the 2013 salary cap according to Ian Rappoport.
#Raiders restructured QB Matt Flynn's deal to convert much of his $3.25M base salary to a signing bonus. Creates cap room. #Math coming...
— Ian Rapoport (@RapSheet) May 23, 2013
Why would the #Raiders need cap room? Well… They had just $179,987 available as of this morning. And draft picks to sign.
— Ian Rapoport (@RapSheet) May 23, 2013
#Raiders saved about $1 million with the Matt Flynn restructure. Add that to the $179,987 cap room they had… and now they have more #Math
— Ian Rapoport (@RapSheet) May 23, 2013
This saves money now and shifts that money to next year when the Raiders are set to have around $50 million to spend under the cap.
Whether this is really about signing draft picks is debatable. The team will also get another $8 million after June 1st when Michael Huff's dead money prorates and there is no rush to sign their picks now. The team didn't sign their draft picks until July last year.
Loading comments...