|04-26-2013, 03:12 PM||#1|
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Join Date: Jul 2004
Redskins Restructure CB Josh Wilsonís Deal To Save Cap Space
The Washington Redskins have restructured the contract of cornerback Josh Wilson to create more flexibility beneath the salary cap, the seven-year veteran confirmed, Mike Jones of the Washington Post reports.
Set to count $5.3 million against the cap in 2013 Ė the final season of his contract Ė Wilson took a pay cut of $1.9 million as his base salary was lowered from $3.9 million to $2 million. He will now receive a signing bonus of $1.3 million and count $3.4 million against the cap.
Prior to restructuring Wilsonís deal, the Redskins had only $30,000 in cap space Ė not enough to sign the rookies acquired via this weekís draft. But Redskins Coach Mike Shanahan said on Wednesday that the team had a plan to create more spending money.
Source: The Redzone
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