The restructured contract of Arizona Cardinals star wide receiver Larry Fitzgerald lowered his salary-cap figure from $18 million to $8.6 million in 2014, a net savings of $9.4 million against the cap.
The Cardinals accomplished this by converting $11.75 million of his base salary for 2014 into a guaranteed roster bonus for salary-cap purposes. That's in addition to the $45 million guaranteed total from his original contract.
His new base salary for 2014 is $1 million.
However, his salary-cap figure leaps to $23.6 million in 2015 when he'll have an $8 million base salary, $250,000 workout bonus and an $8 million roster bonus due on the fifth day of the league year.
It's considered likely that a decision would be made on Fitzgerald's contract before that bonus is due next year.
In 2016, Fitzgerald is due a $15 million base salary with a salary-cap figure of $17.6 million.
In 2017, Fitzgerald is due a $14.75 million base salary with a $250,000 workout bonus.
The base salary in this option year de-escalates by $8 million if he catches less than 70 passes in 2016 or de-escalates by $3 million if he catches between 70 passes and 79 passes in 2016.
In 2018, he's due a $14.75 million base salary and a $250,000 workout bonus. The base de-escalates by $8 million if he has less than 70 catches in 2017 of de-escalates by $3 million if he's between 70 catches and 79 catches in 2017.
Follow me on Twitter: @RavensInsider
Aaron Wilson covers the Ravens for The Baltimore Sun.
Check out our partners at TiqIQ for the best deals on all games on the 2014 NFL schedule.
AUG 22 Ari Nissim
Ten players closing in on lucrative new paydays.
AUG 22 Joel Corry
Considered by many as a ‘red flag prospect’ during draft season, the Cincinnati linebacker continues to prove people wrong.
AUG 19 Jesse Lawrence
Seahawks, 49ers tickets lead most expensive Rivalry Game premiums on secondary market