On Thursday morning, it was announced that the Raiders converted just over $2.8 million of Nick Kwiatkoski’s base salary to signing bonus, creating $2.3 million in cap space. Soon after that it was reported that the team intends to sign free agent linebacker K.J. Wright.
A day later the Raiders are back at it again.
An ESPN report on Friday indicated that the Raiders converted $12 million of Yannick Ngakoue’s salary to signing bonus, which will create another $8 million in salary cap space.
The question now is whether or not the Raiders have another big move in the works.
The terms of Wright’s deal have not yet been reported so there’s no way to know how much cap room the Raiders are currently working with. OverTheCap shows the Raiders more than $7 million over the cap as of Friday morning (and again, that’s not counting Wright’s new deal). If that number is accurate, it’s possible that Ngakoue’s restructure is simply a maneuver to get the team back under the salary cap.
ESPN’s Field Yates is reporting that the Raiders added their latest cap space for the purpose of “in-season roster resources” but it will be interesting to see how much room they have now.
It could also turn out that they paid a little more for Wright than expected.
twitter: @raidersbeat
Wright was worth one thing one day and became much more valuable when white and morrow went down. In all likelihood the lesson is you should have paid the man what he wanted the first time.
No need to pay him with healthy players
He’s ranked number 67 out of the top hundred players in the league one space ahead of Josh Jacobs. This guy could be the biggest pick up of the offseason don’t kid yourself my friend.