Bills GM Doug Whaley said this was the week when the club would begin addressing their tight salary cap situation. Step one was creating more cap room by carrying over their $4.4M in unused 2015 cap space to 2016. Step two was the restructuring of tight end
Whaley confirmed the restructuring on the John Murphy Show Thursday at the NFL Combine.
“We just finished a renegotiation on Charles Clay,” said Whaley. “And there are other guys we may want to extend.”
Per team policy details of the restructuring of Clay’s contract were not disclosed, but the tight end’s new deal has provided the Bills with more dollars to put toward new contracts for OT
Clay, who was signed as a transition player last offseason, was due a $10M roster bonus next month and had a cap figure of $13.5M according to Spotrac.com. It’s likely that the new restructured deal turned that into a signing bonus allowing Buffalo to amortize that amount over the life of the contract, which originally had four years remaining counting the 2016 season. Such a move would cut Clay’s cap figure by more than 50 percent.
Buffalo will still have more work to do to fit a new contract for Glenn and Incognito into their cap structure for 2016. Bills GM Doug Whaley admitted that
“Jim Overdorf is going to meet with his representatives this week and we are going to try to figure out a solution that is best for the Buffalo Bills,” said Whaley.
Other candidates for potential restructuring include defensive backs
“There are some guys we’re going to meet with on our current roster, who won’t be free agents, who’ll we’ll be talking to,” Whaley said. “We want to extend and lower their cap number, or just give them more years because we think they can help us down the road.”
A prime candidate would be