Home / Cardinals / Cardinals Freed Up $4M Of Cap Room By Restructuring LT Jared Veldheer’s Contract

Cardinals Freed Up $4M Of Cap Room By Restructuring LT Jared Veldheer’s Contract

Field Yates of ESPN reports that the Cardinals restructured the contract of LT Jared Veldheer in recent days to create some additional cap room that they used to sign QB Carson Palmer and WR Larry Fitzgerald to extensions.

  • According to Yates, Arizona converted $6 million of Veldheer’s $7.25 million base salary into a signing bonus, which resulted in $4 million of cap space for the Cardinals.

The Cardinals added one year to each of Palmer’s and Fitzgerald’s current contracts and would have been over the cap had they not restructured Veldheer’s contract.

Veldheer, 29, is a former third-round pick of the Raiders back in 2010. He played out his rookie contract in Oakland before signing a five-year, $35 million contract with $10.5 million guaranteed in 2014 with the Cardinals.

Last year, Veldheer appeared all 16 games for Arizona and was rated by Pro Football Focus as the No. 17 offensive tackle out of 77 qualifying players.

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