Arizona Cardinals General Manager Steve Keim announced Wednesday at the NFL Scouting Combine that the team has finalized a new, two-year deal with Fitzgerald. According to NFL.com, Fitzgerald will make $11 million per season.
Fitzgerald was slated to make $16 million next season and the restructuring of his deal will help the Cardinals free up salary-cap space.
"The two biggest pulls for us were pretty simple," Keim said. "No. 1 to compensate Larry for the type of player, the type of talent he is and the leader that he is. And then essentially clearing up enough salary-cap space for us moving forward to be able to be aggressive and proactive when free agency starts."
Fitzgerald, 32, is the Cardinals' all-time leading receiver. In 11 NFL seasons, Fitzgerald has 12,151 career receiving yards and 89 touchdowns. The eight-time Pro Bowler had a career-low 780 yards receiving last season.