By Jerry McDonald - NFL Writer
Wednesday, March 7th, 2012 at 8:11 pm in Oakland Raiders.
The Raiders have begun to whittle away at their salary cap issues by reportedly restructuring the contracts of defensive tackle Richard Seymour and free safety Michael Huff.
According to Mac’s Football Blog, an independent outlet run by Brian McIntyre, who is well-sourced among agents and NFL teams in financial matters, Seymour dropped his base salary to the league minimum ($925,000) and converted the remaining $6,575 million to a guaranteed roster bonus for cap purposes.
Huff’s salary dropped to $700,000, moving additional money into a bonus structure that would drop his cap number from $9.828 million to $3.988 million.
The Raiders, according to various reports, have been anywhere from $10 million to $20 million over the salary cap and have committed $6.2 million to Tyvon Branch by virtue of the franchise tag.
The Raiders must still resolve the matter of linebacker of Kamerion Wimbley, due $6.5 million in guaranteed money and $4.5 million in salary this season. Quarterback Carson Palmer, due $12.5 million in salary, is a candidate for restructure who could help the Raiders easily get under a salary cap projected at approximately $120 million.