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Reports: Donald Penn agrees to restructured contract with Raiders

NAPA, Calif. -- Three-time Pro Bowl left tackle Donald Penn has agreed to a restructured contract with the Oakland Raiders, according to numerous reports, after the team requested a paycut less than a year after giving him a two-year, $21 million extension.

Per the NFL Network, it is a "small paycut," while the Las Vegas Review-Journal reported Penn will "receive more guaranteed money over the final two years in exchange for accepting new, team-friendly parameters."

Penn, 35, is on the physically unable to perform list after undergoing Lisfranc surgery on his right foot last December.