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Raiders reportedly clear nearly $12 million in salary cap space

Posted: 03/08/2012 10:55 AM

Raiders reportedly clear nearly $12 million in salary cap space 


The Raiders lowered Seymour's 2012 base salary from $7.5 million to the league minimum figure of $925,000, converting the remaining $6.575 million into a roster bonus that's treated the same way as a signing bonus cap-wise, ProFootballTalk.com reported Thursday, via Mac's Football Blog.

Another season was added to Seymour's contract so that the bonus can be prorated over the next five years, according to the report, and the defensive end will be under contract through the 2016 season.

Huff's 2012 $4 million base salary also reportedly has been reduced to $700,000, and the remaining converted to a $3.3 million set to be combined with a pre-existing $4 million roster bonus to create a guaranteed $7.3 million bonus. Huff's contract also was extended by two years, making him a Raider through the 2014 season.

The two moves save the Raiders $11.82 million in cap space --



http://www.nfl.com/news/story/..._headline_stack

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Posted: 03/08/2012 3:11 PM

Re: Raiders reportedly clear nearly $12 million in salary cap 


Good to hear King Richard and Huff where will to work with the team..



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Posted: 03/09/2012 3:30 PM

RE: Raiders reportedly clear nearly $12 million in salary cap sp 


Palmer saved us another 9 mil by doing the same thing. Also, we cut Chris Johnson, so our current CB are Chekwa, DVD, McCann (return specialist), Lito, and Terrail Lambert. I think we will go after a starter in FA.

espn.go.com/nfl/story/_/id/766...act-source-says
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Posted: 03/09/2012 4:07 PM

Re: Raiders reportedly clear nearly $12 million in salary cap 


All good news imo.

Hopefully with the release of Eugene and Johnson, we are under or really close to it.

Remember we could still use some room to get a couple key FA's too. pirate

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