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Report: Dolphins restructure Maxwell contract

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The Miami Dolphins have restructured the contracts of cornerback Byron Maxwell according to a report.

Streeter Lecka/Getty Images

The Miami Dolphins traded for cornerback Byron Maxwell and linebacker Kiko Alonso on Wednesday, pulling both players from the Philadelphia Eagles and, presumably, putting into the team's starting defensive lineup. On Thursday, the team restructured the contracts of both players, according to a report from the South Florida Sun-Sentinel's Omar Kelly.

Kelly details Maxwell's contract as lowering the cornerback's salary in 2017 from $10 million to $8.5 million but increasing his guaranteed money from $11.5 million over two years to $13.5 million over that span.

Alonso, according to Kelly, signed a contract that adds an additional year to his current deal, which was set to expire after the 2016 season. He had a $991,418 salary cap number, but may have seen that increase some based on the new contract. Kelly states the new contract will pay Alonso an "average $2.5 million per season." How exactly that $5 million is broken out is not yet clear.

The Dolphins have announced the updated contract of Maxwell.

UPDATE: According to the Miami Herald's Barry Jackson, Alonso's agent has denied the linebacker has agreed to sign any extension.