MONDAY, 4:29pm: The Chiefs created $7MM in cap room by reworking Hali’s contract, according to Joel Corry of CBSSports.com (all Twitter links). Hali’s 2015 salary was reduced from $9MM to $6MM, though he can make back that $3MM through sack-related incentives. The move also added four voidable years to the end of the contract in order to spread out Hali’s $5MM signing bonus — the deal will void after next year’s Super Bowl, at which point the Chiefs will take on $4MM in dead money on their 2016 cap.
SUNDAY, 9:07pm: The Chiefs have agreed with pass rusher Tamba Hali on a contract restructure, reports Adam Caplan of ESPN (via Twitter). The team will need to create that cap space to complete the signing of Jeremy Maclin, and depending on how much space they can carve out, target other players such as Darrelle Revis.
Joel Corry of CBS Sports notes that the restructure is likely to be a pay cut, considering Hali was in a contract year (via Twitter). The other possibility is that the team agreed on an extension with Hali, or added voidable years to allow the team to spread a prorated bonus over multiple seasons.
Terez A. Paylor of the Kansas City Star confirms that Hali has taken a pay cut in order to remain with the team in 2015 (via Twitter).