According to Field Yates of ESPN, the Raiders re-signed S Nate Allen to a one-year contract worth $3 million.
The agreement includes $1.85 million guaranteed with another $2 million available in incentives, which would bring the max value to $5 million.
The Raiders, essentially, had him take a pay cut of of $2 million, but gave him the option to make it back, depending on his performance in 2016.
Allen, 28, was entering the second year of his four-year, $23 million contract that included $11.8 million guaranteed when the Raiders released him in a move that freed up $5 million in available cap space.
Had the Raiders not released Allen, $4.9 million of his base salary would have become fully guaranteed, so they clearly wanted to keep him as a more reasonable price.
In 2015, Allen was limited to appearing in just five games due to a knee injury. He finished the year recording 11 tackles, an interception and two pass defenses for the Raiders.