Taylor's restructured contract reduces his 2017 cap hit from $16 million to just under $10 million while also decreasing the overall guaranteed money, The Buffalo News reports.
Taylor's old contract called for $30.75 million in guarantees if he remained on the roster past Saturday. The Bills want to keep him around for at least one more year as the starter, but they aren't quite ready for a more serious commitment -- apparently still unconvinced in the wake of back-to-back solid campaigns from the speedy quarterback. The result is a team-friendly deal which suggests Taylor has a strong desire to remain in Buffalo, as there's little question he'd be able to find a starting job in free agency. It will be interesting to see how Taylor works with new head coach Sean McDermott -- particularly if top wideout Sammy Watkins (foot) can finally get back to full strength. Taylor was medically cleared in late February for offseason activities; he underwent surgery in January to repair a core muscle.