Fitzgerald's new deal includes a no-trade clause, preventing the Cardinals from using Fitzgerald in any trade talks, according to CBSSports.com's Joel Corry.
Fitzgerald's base salary in 2015 will be $1 million as he'll receive a $10 million second-day of 2015 bonus. This will be prorated on his cap number like a signing bonus and spread out across the four years he agreed to. Fitzgerald's base salary in 2016 will be $11 million.
The new deal reduces Fitzgerald's cap number in 2015 from $23.6 million to $10.85 million.
Fitzgerald's contract is fully guaranteed.
Fitzgerald's new deal is expected to create nearly $13 million in cap space for Arizona in 2015, with the hopes of keeping the star wide receiver with the team that drafted him the rest of his career. He's expected to make $11 million over the next two seasons. He'll be 34 when the guarantees of his new contract are played out.
Fitzgerald has already played 11 seasons for the Cardinals, logging 12,151 yards and 89 touchdowns. Fitzgerald caught 63 passes for 784 yards last season, his lowest production since his rookie year, with a career-low two touchdowns. He has not reached 1,000 yards receiving in the past three seasons.
>> WATCH: GM Keim discusses Fitz's deal
Before negotiations, Fitzgerald's current contract had a $23 million salary cap in 2015, and he was due $60.5 million over the next four years. At this point, no details of the proposed contract have been made public.
Fitzgerald, who will turn 32 in August, has already played 11 seasons for the Cardinals, logging 12,151 yards and 89 touchdowns. Fitzgerald caught 63 passes for 784 yards last season, his lowest production since his rookie year, with a career-low two touchdowns. He has not reached 1,000 yards receiving in the past three seasons.
The Cardinals are looking to reduce Fitzgerald's $23.6 million cap number for the 2015 season. The organization as a whole is $16 million over the cap at this time.
Keim said he should be meeting with Fitzgerald's agent Eugene Parker at the NFL combine.
“The communication has been constant and hopefully we have a resolution both sides can be happy with,” Keim said.
Fitzgerald current contract will have a $23 million salary cap hit next season. He's due $60.5 million over the next four years.
Releasing Fitzgerald would give the Cardinals $9.2 million in cap space, giving them the flexibility to be active in the free agent market.
Renegotiating Fitzgerald's contract would give the team some cap flexibility, while allowing Fitzgerald to finish his career with the team. He's played for the Cardinals all 11 years in the NFL.
Fitzgerald is due an $8 million roster bonus on March 14.
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