The Raiders who were hard up against the salary cap created $3.4 million in salary cap space by restructuring the contract of linebacker Cory Littleton for the second time this year. The Raiders converted $4.25 million of Littleton’s salary to a bonus reducing his cap charge from $9.329 million to $5.929 million.
The conversion increased Littleton’s salary cap charge in 2022 by $850,000 to $15.768 million, 5th highest at the position. The Raiders will be in better salary cap shape next year but the 2022 cao number combined with what will be a $9.98 million charge on the cap in 2023 if they allow his contract to void, probably puts Littleton in a great position to receive a contract extension next year.
The Raiders now have approximately $3.1 million in cap room this year, which should be enough to function for the remainder of the year. The Raiders project to have around $40 million in cap room next year.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.