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Lions restructure WR Golden Tate’s contract; Free up over 2 million in cap space

Golden Tate says it is time to stop the negative talk about the Lions

Golden Tate helped out the Lions get under the cap

According to Field Yates of ESPN, the Detroit Lions have restructured the contract of WR Golden Tate.

Field Yates ‏@FieldYates 5h5 hours ago Newington, CT

Source: the Lions converted $3.005M of WR Golden Tate’s $3.75M 2015 base salary into a signing bonus, creating $2.25M in cap space.

According to Yates, the Lions were actually over the  salary cap by around $200,000 and had to get under the cap by tonight’s deadline.

With this in mind, Detroit lowered Tate’s base salary of $3.75 million to the veteran minimum of $745,000 and converted the balance into a signing bonus.

This move reduced Tate’s cap figure from $5.4 million to $3.1 million and in turn created $2.1 million in cap space.

 

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