Michael Vega of the Boston Globe reports this morning that wide reciever Deion Branch has restructured the last year of the six year deal he signed with the Seahawks back in 2006, citing a source with knowledge of the contract.
According to the newspaper the veteran wide receiver reportedly agreed to reduce his base salary in 2011 from $5.95 million to $2.2 million, but has added incentives including number of receptions and a Pro Bowl appearance that could potentially boost his salary by an additional $4 million. Branch currently has a guaranteed salary of $5.47 million for this season.
Branch said afterward he was satisfied with the outcome.
“I think both parties agreed on something and we worked it out,’’ Branch told the newspaper. “I know my purpose and why I did it, you know, and that’s the most important thing.’’