Quote (clawcool @ Mar 14 2012 05:14pm)
Stafford and Burleson restructure contracts, Suh’s in progress
Posted by ttwentyman on March 12, 2012 – 11:45 am
Matthew Stafford and Nate Burleson want to win football games.
They want to win so badly, in fact, they’ve restructured their contracts to give the Lions an extra $10 million in salary cap space for the 2012 season.
That restructuring will help get the team under the $120.6 million salary cap by Tuesday’s 4 p.m. deadline and will also help them try to re-sign free agent targets like linebacker Stephen Tulloch.
The team is saving more than $7 million from Stafford’s restructure and $2.175 million from Burleson.
Burleson was due to make $4 million in base salary this season but has converted a bulk of that into a bonus. He will make $875,000 in base salary after the restructure and the rest will be paid in bonuses.
Stafford had a cap number of more than $17 million. By converting his $11.5-million base salary to minimum, he’s created more than $7 million in cap room.
This is the second time in as many years Stafford and Burleson have restructured their contracts. Stafford reportedly saved the team $6 million is a restructure last season and Burleson nearly $1 million.
Stafford and Burleson, though, aren’t giving anything back to the team – they’re still getting the full amount of their contracts.
Players don’t take a cut in pay. Instead, they convert base salary to signing bonus, allowing the team to lower a player’s salary-cap number for that year.
The restructuring of contracts is a common practice with teams as they try to finagle the salary cap number.
Defensive tackle Ndamukong Suh‘s agent Roosevelt Barnes told Fox Sports Detroit that Suh has agreed to restructure his contract as well, though that deal hasn’t become final yet, according to a league source.
They also got another $10 million in cap space with the resigning of calvin johnson today. It's looking good fellas!
hell ya, its good to see that our team finally just wants to win instead of people just going for money, im excited for the draft