The Redskins have saved $2 million in salary cap space by restructuring receiver Santana Moss’ contract, according to reports Tuesday morning by CBS Washington and the Washington Post, who cited anonymous sources.
It’s part of the Redskins’ effort to create salary cap space before the free agent market opens at 4 p.m. Tuesday. Moss’ restructured deal leaves Washington approximately $3 million under the cap.
Before Moss restructured the final year of his contract, he was scheduled to count $6.2 million against the Redskins’ penalty-reduced salary cap. Moss was not given an extension, and part of his $4.15 million base salary was converted to incentives - effectively a pay cut - the Post reported.
Moss, who turns 34 in June, is the Redskins’ longest tenured player, having joined the team in 2005. His 7,299 receiving yards rank fourth on the franchise’s all-time list, and his 45 receiving touchdowns rank seventh. Coaches challenged him during the 2012 offseason to get in better shape, particularly his legs, and he responded with a team-high eight touchdown catches.