At first, the numbers were not known, but reporter Kent Somers tweeted that, per two NFL sources, it was nothing more than a simple conversion from salary to bonus that lowered his cap number by about $10 million.
Reports have since come out that show that Fitz will still get all of the $12.75 million he was set to get in salary. $11.75 million was turned into a bonus, the cap hit of which will be prorated for the five years remaining on his contract. His new cap hit will be $8.6 million.
He will get paid $12.75 million, but he gets almost all of it now.
Now, as Spotrac has it, this is how his cap hit breaks down for 2014:
- $1 million salary for the season
- $2 million prorated hit from his original $10 million signing bonus
- $3 million prorated hit from his $15 million option bonus from 2012
- $250,000 workout bonus during the offseason
- $2.35 million prorates hit for his $11.75 million restructure bonus he just agreed to.
- The total is $8.6 million
The tricky part is moving forward. His cap number goes up substantively in 2015. It will be $23.6 million in 2015, with more than $14.4 million in dead money if he is cut. The final three years beyond that will have a cap hit over over $17 million each year.
The Cardinals did what they needed to for now. They just will have to address this again in a year from now.
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