SATURDAY, 10:05am: ESPN’s Mike Rodak tweets that Graham’s new cap number is worth $4.775MM, resulting in a $600K savings for the franchise. Reversely, after having converted the defensive back’s $500K roster bonus and $700,000 in incentives, the team increased Graham’s 2017 cap hold by $600K (via Rodak). The length and base salary of the new deal remains unchanged.
Terms of the safety’s adjusted contract have not been disclosed. Graham was owed $6.35MM in base salaries over the final two seasons of his four-year, $16.3MM deal he signed with Buffalo in 2014.
Graham, who moved from cornerback to safety and led the Bills with 122 tackles in 2015, was scheduled to have a $5.375MM cap hold. He’s the latest player to restructure as the 2015 league year winds down. Graham is entering his age-31 season.
The Bills need to carve out at least $13.706MM of their cap after placing the franchise tag on left tackle Cordy Glenn. Buffalo also has resurgent guard Richie Incognito looming as an unrestricted free agent.