|Richard Seymour, Michael Huff restructure deals|
by Aaron Wilson of Scout.com, March 8, 2012 at 11:21 am ET
Richard Seymour Profile
The Oakland Raiders have restructured contracts for defensive lineman Richard Seymour and safety Michael Huff, lowering their base salaries for next season by converting salary into bonuses.
A league source confirmed that Seymour is now due a base salary of $925,000, the minimum for a veteran player, from a scheduled guaranteed base salary of $7.5 million.
He received a $6.575 million signing bonus and a voidable year was added to end of the contract under a one-year, $15 million extension.
Now, his salary-cap figure for the cap-strapped Raiders is down $5.98 million to a more manageable $8.08 million from $14.068 million.
His base salaries are $7.5 million (2013), $7.5 million (2014), $7.5 million (2015) and $7.5 million in 2016 with corresponding salary-cap figures of $19.133 million (2013), $19.133 million (2014), $19.133 million (2015) and $16.315 million in 2016.
As for Huff, he lowered his 2012 base salary to $700,000 and was given a $7.3 million roster bonus as the team added $3.3 million to his already scheduled $4 million roster bonus.
So, his salary-cap figure is down $5.84 million to $3.988 million from a previously-scheduled figure of $9.828 million.
The contract is now two years longer, going through the 2016 season.
It includes $4 million base salaries each year and $4 million roster bonuses due on the third day of the league year annually.
BR> His salary-cap figures going forward are $11.288 million in 2013 and 2014 and $9.46 million in 2015 and 2016.
Last summer, Huff was inked to a four-year, $32 million contract as he received a $7.315 million signing bonus.
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