Lardarius Webb restructures contract to reduce his salary cap figure this year, source says

The Baltimore Sun

The Ravens have restructured starting cornerback Lardarius Webb's five-year, $50 million contract to reduce his hit against the salary cap this year, according to a source.

The Ravens converted $4 million of Webb's $7.5 million base salary into a signing bonus, reducing his salary-cap figure by $3 million for this year, down to $7.504 million.

His new base salary for this year is $3 million.

The transaction puts the Ravens $6.95 million under the NFL salary-cap limit.

The future years of the deal are unaffected in terms of base salaries, but his salary-cap figures are $1 million higher per year.

His base salaries for 2015 and 2016 are $8 million each year. And his new salary cap figures for those years are $12 million, up from $11 million prior to this restructure.

His salary-cap figure for 2017 is $10.5 million, up from $9.5 million. And his base salary that year is $8.5 million.

Webb has been sidelined since early in training camp because of a back injury.

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