Redskins Restructure DT Barry Cofield's Contract

Discussion in 'Washington Redskins' started by SRW, Sep 2, 2013.

  1. SRW

    SRW Ex-World's Worst Site Admin Staff Member

    The Washington Redskins have agreed to a contract restructuring with defensive tackle Barry Cofield to save room on this season’s salary cap, according to a person familiar with the situation.

    The reworking of Cofield’s contract saves the Redskins about $2.4 million in salary cap space.

    Cofield agreed to reduce his salary to the league minimum for a player of his experience level and converted the difference to bonus money that the team could prorate over the remainder of his contract for cap accounting purposes, the person with knowledge of the deal said.

    Cofield was to have a salary of $4.05 million this season. Instead, his base salary is reduced to $840,000 and he receives $3.21 million in bonus money.

    Source: Washington Post

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