Cardinals, Larry Fitzgerald agree to restructured contract
By Mike Dyce
The Arizona Cardinals and wide receiver Larry Fitzgerald have come to terms on a restructured contract that will bring cap relief to the organization. Fitzgerald announced the news on his Twitter account.
Back in AZ from #SB48 & the 1st order of business this AM was signing a restructured contract to help the @AZCardinals get better for 2014!
— Larry Fitzgerald (@LarryFitzgerald) February 4, 2014
In 2011, Fitzgerald signed an eight-year contract worth $128.5 million with $50 million guaranteed. In 2014, Fitzgerald was slated to earn $12.75 million with an $18 million dollar cap hit for the Cardinals. In 2015, Fitzgerald would’ve gotten $8 million plus a roster bonus of $8 million. Following that, he’d make $15 million in 2016 and $14.75 million in each of the final two seasons of the deal.
We still don’t have more details than that so it leaves a lot of questions out there. Is it a simple restructure or did Fitzgerald take a pay cut? If it is a restructured deal, they just shifted money around over the years he has left on the deal.