Colts linebacker Trent Cole restructures deal, takes pay cut
INDIANAPOLIS, Ind. (March 8, 2016) – A little bit of subtraction resulted in status quo for the Indianapolis Colts.
Veteran linebacker Trent Cole agreed to restructure his 2016 contract and will remain with the team. Cole agreed to have his $4.25 million base salary lowered to $2 million, according to ESPN.
It had been speculated the team would release Cole due to his expensive contract. The Colts would have freed up $6.125 million by parting ways with him. With the restructure, they retain a pass-rush threat and save $1.25 million against the cap.
Cole was one of general manager Ryan Grigson’s big free-agent acquisitions last offseason, signing a two-year, $14 million contract. But instead of beefing up the pass rush, he endured a lackluster season with just three sacks.
The return of Cole helps a team that recently cut pass-rush linebacker Jonathan Newsome after he was arrested for marijuana possession.