The contract details are in for Donald Driver's restructured deal.
According to Andrew Brandt of ESPN and National Football Post, Driver signed a one-year deal with a $500,000 roster bonus front-loaded to next week. The total amount of the deal is pegged at $2.5 million.
New contract for Packer favorite @Donald_Driver80 is one-year deal for $2.5 million with a $500,000 roster bonus due next week.
— Andrew Brandt (@adbrandt) May 31, 2012
Driver was scheduled to make over $5 million in 2012 under his old contract, including a $1.5 million bonus due on the first day of training camp. Driver's new deal represents a sharp pay cut, although it may be less severe than many have assumed it would end up being.
The $500,000 bonus due in the new contract still makes it likely that Driver's spot on the 53-man roster is secure for 2012, and the one-year deal suggests that Driver is likely planning to retire after next season. Barring any kind of major injury this summer, Driver should start the 2012 season with Green Bay.
His deal is likely filled with several contract incentives, including game-to-game roster bonuses.
Last season, the 37-year-old Driver registered his lowest numbers since '02 in both receptions (37) and yards (445).