Janikowski's base salary has been lowered from $4.05 million to $3 million fully guaranteed, but the 39-year-old can earn an additional $250,000 incentive if he makes 83 percent of his field goals this season, ESPN reported. He made 82.86 percent of his kicks in 2016.
Janikowski was guaranteed $238,000 of his $4.05 million salary after he remained on the roster Tuesday. The former first-round pick's full salary would have been guaranteed had he been on the roster Saturday.
Janikowski is nursing a back injury that kept him out of the Raiders' final two exhibition games.
Oakland, which opens the season at the Tennessee Titans on Sunday, gave tryouts to three kickers on Monday -- Mike Nugent, Josh Lambo and Marshall Koehn. All three kickers were among their respective teams' final cuts on Saturday.
Janikowski, the 17th overall pick of the Raiders in the 2000 NFL Draft, has played 268 games with Oakland -- the most in franchise history. He has registered 1,799 points to rank 10th on the all-time list.
Last season, Janikowski converted 29 of 35 field-goal attempts and 37 of 39 extra points. For his career, he has connected on 80.4 percent of his field-goal attempts (414 of 515).
Janikowski kicked a 63-yard field goal at Denver in 2011 to tie the record for longest in league history at the time. He has converted 80.4 percent of his career field goal attempts and 98.9 percent of his extra point attempts.