Bills open up more cap space, restructure Graham

Bills open up more cap space, restructure Graham
Posted at 4:32 PM, Mar 03, 2016
and last updated 2016-03-03 16:32:21-05

The Buffalo Bills have been working over the past week to open up as much cap space as they need to do everything they want to do in the 2016 offseason. On Thursday, they've opened up some more room.

Safety Corey Graham, who was due to count $4.675 million against the cap, have come to terms with the Bills on a restructured contract. The restructured deal will likely grant the Bills more cap flexibility in 2016, while upping his total count on the salary cap in 2017, which is the final year of his contract.

We won't know exactly how much the Bills saved when it comes to Graham's contract, until the final numbers are posted in the next week. However, Graham does have several parts of his 2016 salary that can be converted into a signing bonus, which in turn will free up some flexibility for the 2016 salary cap.

The Bills have already freed up $23.325 million this offseason with releasing defensive end Mario Williams, guard Kraig Urbik, running back Boobie Dixon, and by restructuring the contract of tight end Charles Clay.

Graham was one of two potential restructure candidates brought up by the team. The other was defensive back Leodis McKelvin, who has only one year left on his deal -- which would likely indicate a pay cut is in order to keep him in Buffalo.

Twitter: @JoeBuscaglia