Fitzgerald says he has restructured his contract with the Arizona Cardinals, reducing a big salary-cap hit from his old deal and creating room for signing other players.
Fitzgerald announced the move on Tuesday via his Twitter account. The receiver says the move was made to help the Cardinals “get better for 2014.”
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Under his old deal, Fitzgerald would have earned $12.75 million next season and counted a whopping $18 million on the cap.
The restructured contract came as no surprise.
Fitzgerald said in a radio interview in New York last week that he understood the need to restructure his deal.
“When those discussions come I will do what I need to do,” Fitzgerald told Arizona Sports 98.7 in an interview at the Super Bowl’s “radio row.” ”I have a great relationship with (general manager) Steve Keim, he drafted me in Arizona. I understand his vision and what he is trying to do and the direction he is taking this ballclub. I understand at 30 years old there are things that need to change "
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My understanding of #Cardinals WR Larry Fitzgerald's contract situation is that it was a simple restructure. Saves about $8M in cap space.Read more
Larry Fitzgerald is the latest player to join the "take a pay cut to help the team win" club, as he signed a restructured contract Tuesday that willRead more