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

Lardarius Webb looks on from the sideline during Saturday's preseason game against Washington.
Lardarius Webb looks on from the sideline during Saturday's preseason game against Washington. (Karl Merton Ferron, 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.

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

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

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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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awilson@baltsun.com
twitter.com/RavensInsider

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