Colts Restructure Reggie Wayne’s Contract

Indianapolis Colts Pro Bowl receiver Reggie Wayne has agreed to a restructured contract, which will give the Colts more room under this year’s salary cap. Wayne’s agent, Joby Branion, confirmed was the restructuring to the Associated Press but did not provide details about how much Indianapolis would save. Players frequently restructure contracts by accepting bonuses after agreeing to lower their annual salaries. The bonuses are then prorated over the remaining length of the deal, in Wayne’s case three years, to lower the team’s salary cap number in the first year. Wayne has been the Colts’ primary receiver the past two seasons and is expected to play a more prominent role this year after Marvin Harrison, the franchise’s career receiving leader, was released in February.