Oakland Raiders save cap space as Tyvon Branch restructures deal
Thursday afternoon the Oakland Raiders continued to restructure deals to open cap space.
The team started earlier in the week, when the Raiders freed up more than $2 million by restructuring the contract of right guard Mike Brisiel.
The Raiders Thursday continued to make cap room by freeing up more than $5 million in salary cap room by restructuring strong safety Tyvon Branch contract, according to Pro Football Talk
Oakland reduced Branch's base salary from $6 million to $715,000 for 2013. In exchange, the team tacked on two seasons to the four-year contract Branch signed last season.
Branch's salaries for 2014 and 2015 remain unaffected. However, he now is scheduled to earn $6.5 million in 2016 and '17.
Last season the Raiders’ provided Branch the franchise-tag. He ultimately signed a long-term contract that superseded the franchise-tag term and guaranteed the Raiders held onto Branch in the fold for the next several seasons.
The Raiders now are more than $6 million under the cap, providing them some much-needed ammunition to re-sign some of their own prospective free agents, in addition to some from other teams that are about to hit the open market Tuesday.
There are several other players on the Raiders roster being called upon to restructure deals, including including quarterback Carson Palmer, defensive tackle Tommy Kelly, free safety Michael Huff and wide receiver Darrius Heyward-Bey.