According to Zac Boyer of Fredricksburg.com, defensive tackle Barry Cofield has restructured his contract the Redskins to help the save some cap money.
Cofield agreed to a change late last week that will save the team approximately $2.4 million in salary cap space this season, according to The Washington Post. His original base salary of $4.05 million was reduced to $840,000, the minimum available to a player with seven to nine years’ experience, with the remaining $3.21 million converted to a bonus.
The bonus money will then be spread over the remainder of Cofield’s contract, which lasts through the 2016 season. He previously counted for $6.3 million against the cap, which was the third-highest number on the team, according to a review of the team’s salary cap records.
“They came to me and asked me to do it to help the team, and I’m more than willing to help the team,” Cofield said. “That doesn’t really change my situation too much. It’s just some complex math that my agent had to explain to me in a way that helps the team. If it frees up money for the team, it shows somewhat of an investment for me in the future, and from what I’m told, they don’t do that type of thing with guys they don’t plan on having in the future, so it shows some confidence in me and I plan to repay it.”