Report: Cardinals restructure Carson Palmer's contract
John Geliebter-USA TODAY Sports / Reuters
The Arizona Cardinals and Carson Palmer have agreed to restructure the quarterback's contract in order to save about $7.125 million against the cap in 2015, according to ESPN Stats & Information.
The financial wrangling involved converting Palmer's $9.5-million roster bonus to a signing bonus.
The deal doesn't add any new money or years and lowered Palmer's cap number from $14.5 million to $7.375 million.
The deal allows the Cardinals to pursue the most coveted free agents as of March 10.
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