John Keim reports that the Redskins have renegotiated DE Stephen Bowen's deal. Bowen is still recovering from microfracture surgery on his knee that ended his season last year. He has not practiced with the team, and is currently on the Redskins' PUP list. Gruden has been non-committal on his expected return date, but Bowen's stated goal was Week 1 of the regular season.

Many people expected the Redskins to cut Bowen this year if he was not healthy by a certain point, and that still could happen. Keim did not specify if this is a straight pay cut, or some other cap manipulation. Bowen's spot on the team is not guaranteed, and the Redskins would save a lot of money next year if he is cut this year. Bruce Allen said this week that the team has under $2 million in cap space and they would need to make some moves before the final roster cuts. This is one of those moves.

We will have more details as they come out.

the #Redskins have renegotiated the deal for DE Stephen Bowen, according to a source. — John Keim (@john_keim) August 15, 2014

Year Base Salary(Guaranteed) Bonuses Cap

Number Dead Money & Cap Savings Cut (pre-June 1) Cut (post-June 1) Trade

2014 $4,400,000 $2,520,000 $0 $0 $0 $7,020,000 $5,040,000 $1,980,000 2015 $5,400,000 $2,520,000 $0 $0 $0 $8,020,000 $2,520,000 $5,500,000

Source: Over The Cap

Stephen Bowen restructured deal with #Redskins again. Base salary cut by $2.8M, can make back $2.05M in per-game RBs, play-time incentives. — Tom Pelissero (@TomPelissero) August 18, 2014

#Redskins saved about $2.3M in cap space with Bowen restructure. He's still signed through 2015 with cap number of $8.02M in final season. — Tom Pelissero (@TomPelissero) August 18, 2014

[UPDATE: 8/18/14 1:20PM] Details on Bowen's contract restructure: