Falcons restructured Andy Levitre’s contract; Save 3.125 million dollars
The other day the Atlanta Falcons traded for offensive guard Andy Levitre. In the move the team also added tons of salary cap because Levitre was getting paid boo koo money. Today the Falcons made his salary a very reasonable 2.875 million dollars by restructuring his deal.
According to Field Yates of ESPN, the two sides agreed to reduce the $27.3 million he was due through 2018 down to $23.25 million. On top of that, Levitre’s reworked deal does not include any guaranteed money past 2015.
Levitre’s base salary for 2015 has been reduced from $6.5 million down to $1.5 million, according to Yates. However, this is offset with a $5.5 million signing bonus. Levitre’s cap figure dropped from $6.5 million to $2.875 million this season.
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