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Details of Royal's restructured contract

3/11/2014

ESPN’s John Clayton offers more details on my initial report that veteran receiver Eddie Royal restructured his contract to stay with the San Diego Chargers.

Clayton reports that Royal saved the Chargers $1 million in salary-cap space by cutting his base salary from $4.5 million to $1.75 million. Royal received another $1.75 million in signing bonus.

With the restructured deal, the Chargers decreased Royal's cap number from $6 million to $5 million. Royal, 27, will now earn $3.5 million in guaranteed total compensation for the upcoming season, and becomes a free agent next year.