AP

Wednesday morning brought word that the Cardinals and wide receiver Larry Fitzgerald were closing in on a new deal that would lessen his cap burden and keep him with the only NFL team he’s ever played for.

That word was accurate. PFT has learned, via a league source, that the deal is now done.

Full details of the agreement are still to come, but we know that there are major cap implications for the team in 2015. They’ll get back nearly $13 million in cap space that was originally earmarked for the veteran wideout, who stood to make $16 million in salary and count $23.6 million against the cap under his old deal.

That money will come in handy as the Cardinals try to both get in compliance with the cap by the start of the league year and create some room for them to make additions to the team once free agency gets underway.