As expected, the Raiders have begun the restructuring process of contracts as they work to get under the salary cap by Tuesday.
Oakland will restructure several more contracts and may cut a player or two if a restructuring can’t be agreed upon. Oakland reportedly restructured the deals for defensive lineman Richard Seymour and defensive back Michael Huff. They were two of the major candidates for restructuring.
Reportedly, Seymour lowered his $7.5 million base salary to $925,000 and turned the rest into a roster bonus that will be spread out over the remaining years of the contract. Another year was tacked on to his deal to make it work. Yet, the reality is, Seymour is probably year-to-year with the Raiders after this season. Remember, Stanford Routt had years added to his deal last year and he was cut last month.
Huff reportedly had two years added to his deal to make his restructure work. The two moves saved the Raiders about $11 million in cap room. Earlier this week, they were $20 million over the cap and that was before they committed $6.2 million to safety Tyvon Branch when they gave him the franchise tag.
Expect quarterback Carson Palmer to soon restructure his deal in addition to some other players. Linebacker Kamerion Wimbley remains a prime candidate to be cut if a new deal isn’t struck. As of Wednesday, there hasn’t been any progress made and those close to Wimbley thought it was likely he would be cut. Yet, Wimbley remains open to being creative. Whatever happens, expect Oakland to be cap compliant by Tuesday’s deadline.
In other AFC West notes: