Report: Raiders, Donald Penn agree to terms on restructured contract

The Oakland Raiders and offensive tackle Donald Penn have agreed to terms on a pay cut, ensuring he'll remain on the team, a source told NFL Network's Ian Rapoport.

Penn was previously scheduled to earn $6 million in base salary for both the 2018 and 2019 seasons, with $3 million guaranteed for the 2018 campaign. As part of the restructuring, Penn will reportedly receive more guaranteed money over the next two seasons, according to the Las Vegas Review-Journal's Michael Gehlken.

The 35-year-old has been named to the Pro Bowl in consecutive seasons, while also earning a selection in 2010. Penn remains on the physically unable to perform list while recovering from foot surgery that he underwent in December 2017.

Penn hadn't missed a start since 2007 prior to last season's injury.