Post by Guvmintcheeze on Sept 9, 2015 20:56:08 GMT
Falcons restructure Andy Levitre's contract after trade
The Atlanta Falcons acquired veteran left guard Andy Levitre in a trade with Tennessee last week. Initially, it appeared they also acquired a hefty contract, with Levitre due base salaries of $6.5 million the next three seasons and $5.8 million in 2018.
But as ESPN Insider Field Yates reported Wednesday, the Falcons and Levitre agreed upon a restructured contract once the trade was finalized. Levitre is now due $23.25 million through '18 instead of $27.3 million. Levitre received a $5.5 million signing bonus and has a base salary of $1.5 million this season. And none of his money is guaranteed beyond this season.
Levitre's base salaries are the following: $1.5 million ('15), $4 million ('16), $5.25 million ('17), and $7 million ('18). The $2 million roster bonus he had on his contract for '18 was eliminated.
Levitre had the highest 2015 cap number of all the offensive linemen prior to the restructure at $6.5 million. Now, his cap number for this season is $2.875 million, below both injured right guard Jon Asamoah ($3,768,750) and starting left tackle Jake Matthews ($3,733,977). Starting right guard Chris Chester ($2.8 million) is right below Levitre.
The Falcons traded a sixth-round draft pick in 2016 and a future conditional pick to the Titans for Levitre.
The Atlanta Falcons acquired veteran left guard Andy Levitre in a trade with Tennessee last week. Initially, it appeared they also acquired a hefty contract, with Levitre due base salaries of $6.5 million the next three seasons and $5.8 million in 2018.
But as ESPN Insider Field Yates reported Wednesday, the Falcons and Levitre agreed upon a restructured contract once the trade was finalized. Levitre is now due $23.25 million through '18 instead of $27.3 million. Levitre received a $5.5 million signing bonus and has a base salary of $1.5 million this season. And none of his money is guaranteed beyond this season.
Levitre's base salaries are the following: $1.5 million ('15), $4 million ('16), $5.25 million ('17), and $7 million ('18). The $2 million roster bonus he had on his contract for '18 was eliminated.
Levitre had the highest 2015 cap number of all the offensive linemen prior to the restructure at $6.5 million. Now, his cap number for this season is $2.875 million, below both injured right guard Jon Asamoah ($3,768,750) and starting left tackle Jake Matthews ($3,733,977). Starting right guard Chris Chester ($2.8 million) is right below Levitre.
The Falcons traded a sixth-round draft pick in 2016 and a future conditional pick to the Titans for Levitre.