Found April 23, 2013 on 60 Max Power O:
In desperate need of some cap space, defensive end Chris Long has come up big for the St. Louis Rams, agreeing to restrucutre his contract that will create $4.5 million in cap space in 2013. And the good part is that he's not really losing any money as a result. The move is merely shuffling money around, so it likely wasn't too hard to negotiate, one would think. Per the St. Louis Post-Dispatch: 'Long was scheduled to make $13.25 million in guaranteed base salary in 2013. The Rams took $6 million off that base salary and converted it into a pro-rated roster bonus payable during the ’13 season. However, the pro-ration means the $6 million is split into four $1.5 million “installments” in terms of cap count over the remaining four years of Long’s contract - 2013, ’14, ’15, and ’16. So instead of counting $13.25 million against the cap this year, Long counts $8.75 million.' The contract was reportedly signed on Friday, but showed up on the NFL Players Association files Monday, and it comes just at the right time with the NFL Draft starting on Thursday. The team should now have a clearer strategy going into the draft knowing they actually have some money freed up to sign rookies.

Chris Long restructures his contract

The St. Louis Rams have gotten creative with defensive end Chris Long’s contract. As a result, they have cleared out an extra $4.6 million in cap space. St. Louis found themselves swimming in murky financial waters after they resigned defensive end William Hayes and made large free agency splashes in the form of Jake Long and Jared Cook. Please click here to read this story...

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Rams restructure Chris Long’s contract

According to the St. Louis Post-Dispatch, the Rams have restructured defensive end Chris Long’s contract in order to create more cap space. By restructuring Long’s contract, the Rams have freed up $4.5 million under the cap. Long still gets the same amount of money; the restructure is merely an accounting move shuffling money around to free up cap space in 2013. Long was scheduled...

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Rams Free Up Cap Space By Restructuring Chris Long’s Contract

Jim Thomas reports that the St Louis Rams restructured the contract of DE Chris Long. By doing so, the Rams create $4.5 million in much needed cap space. Aaron Wilson reports that Rams converted $6 million of Long’s $13.25 million base salary for the 2013 season into a roster bonus. St Louis had less than $1 million to work with before this roster move, so it makes sense that...

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