ASHBURN, Va. (CBSDC) — Barry Cofield has given the Washington Redskins salary cap breathing room entering the regular season.
The defensive tackle has agreed to a contract restructuring that will save the team approximately $2.4 million in cap room, 106.7 The Fan’s Grant Paulsen confirms.
The terms of the new contract have reduced Cofield’s base salary from $4.05 million to the veteran minimum $840,000 this season. The difference is made up in bonus money, according to Mark Maske of the Washington Post who first reported the news.
“It doesn’t really change my situation too much, just some complex math that my agent had to explain to,” Cofield said following practice Monday while wearing a heavy club to protect a fractured hand. “It frees up money for the team, it shows somewhat of an investment for me in the future. From what I’m told they don’t bother doing that type of thing for guys they don’t plan on having in the future.”
The Redskins are still feeling the ill-effects of a two-year, $36 million salary cap penalty levied against them for transactions made during an uncapped season.
Cofield says he thought about doing during the offseason while other players were asked to restructure their contracts.
“I want to be here for the rest of my career,” he said. “Anything I can do to make this team better going forward I’m going to do it.
General manager Bruce Allen said the team would likely have to renegotiate some contracts prior to the season in order to free up cap space, but that the penalty would not affect the team’s ability to keep the best 53 players on their roster.