From our friends at Coltscap.net, the Indianapolis Colts have restructured the contract of Colts safety Bob Sanders.
The contract is a simple restructuring, coverting $2.17 million of the $5 million roster bonus he is due in 2009 to a signing bonus, then prorating over the remaining four years of his contract at 542,500 per year.
The Colts will save $1,672,500 on the cap in 2009 because of the move.
For more on the restructuring, visit coltscap.net, which says Sanders’ 2009 cap hit is now$ $6,130,832.