Former agent Joel Corry, who writes for the National Football Post and CBSsports.com, released the details on the Larry Fitzgerald contract on Twitter this morning. The key parts: The Cardinals picked up $12.75 million in salary cap space for 2015. And the deal, while it’s technically through 2018, will automatically void the final two seasons (2017 and 2018, on paper right now as $16M salaries for each year). The voidable years are added to help with prorating the cap numbers.
That means Fitzgerald will be a free agent after the 2016 season. We may not be done with stories of the Cardinals, Fitzgerald and contract talks just yet. Fitzgerald won’t even have turned 34 yet by the time his new deal ends — and I don’t see him retiring at that point. Fitzgerald also got a no-trade clause in the deal, although he could waive that if he so chose.
Fitzgerald’s cap number, which had been $23.6M for 2015, dropped to $10.85M. His money is pretty straightforward. A fully guaranteed roster bonus of $10 million on the second day of the league year (March 11) plus a salary of $1 million in 2015, and a fully guaranteed $11M salary for 2016.
His cap number for 2016 should be about $15.85M (still a hefty number, but not as bad as $23.6M). His dead money left in 2017 after the contract voids (which the Cards must still deal with, regardless of what happens to Fitz at that point) will be about $9.7M.
Tags: Larry Fitzgerald, salary cap
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